Hi
Looking to change my loan type for my ip, atm it is variable pi type loan. Just wondering are offset loans any good for ip's or not. (I have one for my ppor).
– Should I just go to a io loan?
– Does a offset loan have any restrictions ie. you can't have a loc with an offset loan?
– Is there any restrictions using equity built up in the property with a offset loan?Hi Wade
No real point in having an offset set-up against an IP when you have a PPOR.
A simple IO loan should do the trick.
Keep the offset against your PPOR.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: info@passgo.com.au
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