alan1237 replied to the topic Selling or not selling? in the forum Help Needed! 13 years, 9 months ago
I just want to know a bit more before making the next investment…that's it
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alan1237 replied to the topic Selling or not selling? in the forum And the loan is Interest only 13 years, 9 months ago
And the loan is Interest only
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alan1237 replied to the topic Selling or not selling? in the forum Help Needed! 13 years, 9 months ago
Jamie M wrote:
Hi Alan Yes, if you increase the loan amount the monthly repayments will also increase.Thanks Jamie, but how much repayment rise we're talking about? I bought my IP 2 years ago @$370k and and had a loan with $300k. Now the value should be around $520k, so the gain is around $150k…
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alan1237 replied to the topic Selling or not selling? in the forum Help Needed! 13 years, 9 months ago
Jamie M wrote:
Hi AlanWelcome to the forum.Only you can answer that question. Look at how much it costs to hold your IP at present and how much your new mortgage repayments will be. Combine those expenses with your living expenses and work out what you have left over.Are there any ways you can improve the cashflow from your IP? Is your IP loan…[Read more]
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