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  • Profile photo of bella12bella12
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    @bella12
    Join Date: 2012
    Post Count: 3
    May 14, 2012 - 5:42 am

    Thanks Jamie.  I am giving myself around 6 months target for my next PPOR.  I think the loan split you explained was what the broker proposed.  Thanks again.

    Profile photo of bella12bella12
    Participant
    @bella12
    Join Date: 2012
    Post Count: 3
    May 14, 2012 - 4:15 am

    Jamie and Terrie, thanks for your thoughts.

    Jamie, what do you mean by "I would set this equity release up as a second loan though – so you can distinguish your future tax deductible debt (current loan) from your future non-deductible debt (the equity release for the next PPOR)."  Does this mean I need to split my loan from IP?  That would be what the broker proposed.  But he would change the IP loan from one with offset to a standard loan once the new PPOR (new loan) settled so that that the offset loan can be just set up under my new PPOR.

    Thanks.

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