Interesting… this looks like some sort of company structure, where an employee receives an income from their employer.. does this need a trust in place to work ?

Cheers,
Cartman

Sorry to change the theme of the thread. Terry, does the spouse need to be on the loan/mortgage as well as the title/s for that to occur ? Or just on the loans/mortgages itself…?

https://www.ato.gov.au/rba/content/?ffi=/misc/RBA/Content/89363.htm

From what I can see on the ATO link above, it seems to be the person on the Title that can claim…[Read more]

Will the loans that are only secured against the PPOR, be at 4.19%? Or the overall rate for all loans be ~ 4.19% including IP, if the PPOR equity is used as the 60k deposit?

Isn’t the idea to keep the two (PPOR and IP) in seperate banks, how will that work at ~4.19% ?

Cheers,
Cartman

Thanks Richard, appreciate your insight.

I guess it comes down to a question of risks Vs rates. PPOR Equity Vs IP Equity. Which one ?
Considering worst case.. should the banks decide to recover the house for the mortgages (default), I’d rather they take the IP, then the PPOR any-day / any-time.

thoughts ???

Cheers,
Cartman

I left planning and strategy till the last minute… I know it’s a newbie mistake…:(

The contract’s drawn up for the new IP and I’m out of time… Don’t know if I can stall for much longer..

I was hoping to get some quick help on this forum…

Absolutely, slowly but surely… that is the plan.

Cheers,
Cartman

KRudd… What a joke!  But do we have an alternative…. really….???

KRudd… What a joke!  But do we have an alternative…. really….???

roman9 wrote:
" it is like investing in the future gains of a pirate ship on the high seas". hope you got the message.

LOL!  reading that loud and clear.  Roger that… Cheers Cartman

Yes. I know all of what has happened and is happening there.  We have relatives still there .  Despite all that,  the biggest and most prominent investors in Fiji are foreigners. How are they doing it, is what I want to know?

Banker:  What you've said contradicts what others are saying on this forum. However, what you're saying seems plausible and quite likely reality.This is the first time I have heard, the term Cross-C (being new)  and splitting lending was recommended to me by some very credible people / brokers, on this forum. So are they all living in fairyland ?…[Read more]

v8ghia wrote:
Hi Cartman – and welcome to the forum. Now……They can (in extreme situations) and its called 'The All-Monies Clause'. Cheers 

Thanks, glad to be here…  Learnt more in a month here, then I have in the 32 years of  my life…. Cheers,Cartman

duckster wrote:
WhyBecause if you had different loans with the same bank and default they can still seize your other properties to pay back what you owe them.

Hello all,  (New to the game)  Is this 100% confirmed ?  The loan contract you sign says what property secures what loan. So how can they go against that,  (in a default situation) , even…[Read more]