Hi can some brokers give me some advice and a run down on the following please as I would like to look at refinancing in the very near future thanks for any input!
- No account monthly keeping fees
- Premier Advantage Package with .8% off the loans
- 100% offset account on my Loans against my PPOR & IP is this okay with the IP?
- No Loans crossed secured – all separate loans.
- What is the right structure to set up for future purchases.
- Should I pay off my Home loan first then sell to the Trust to draw out 100% of the equity?
- How can I manage the shortfall on the IP which will be negative?
- Should I aim to pay out my new PPOR or again just pay Interest Only into 100% offset account?
POS
· No account monthly keeping fees –· Yes this can be achieved. · Premier Advantage Package with .8% off the loans · Unless the amount is > $1M + unlikely in the present climate. · 100% offset account on my Loans against my PPOR & IP is this okay with the IP? · Yes but you wouldn’t have 1 on each account· No Loans crossed secured – all separate loans.· With some lenders it is a requirement under the package but YES we can get around that.· What is the right structure to set up for future purchases. · Lengthy answer and would vary from client to client· Should I pay off my Home loan first then sell to the Trust to draw out 100% of the equity? · No simple answer to this one but normally NO. Depends on individual circumstances.
No 1 client is the same so more information would be required. Remember the cheapest rate of interest is not necessarily the best product for an active investor.
Richard Taylor | Australia's leading private lender
Wow that cut and paste didnt work very well !!!!
Richard Taylor | Australia's leading private lender
It seems there is quite a bit of information you are trying to get the answers for. I would be more than happy to assist. I would suggest verbal communication may be easiest.
Regards
Hi Post
Hope you made sense of my response.
Drop us an email again if you need anything else.Richard Taylor | Australia's leading private lender
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