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damitrx2

  • Profile picture of damitrx2

    damitrx2 replied to the topic Redraw to pay interest and expences on IP in the forum Help Needed! 9 years, 8 months ago

    Yes I thought as much.

    I am also not sure on this situation

    Can I at least use the loan no 2 / borrowed funds to pay expenses (excluding loan no 1 interest) and claim the interest on the loan no 2 for repairs / rates etc.

    Expenses could be $5-10,000 a year and that money could be better off reducing my PPOR

    Interest on that may be $500 and…[Read more]

  • Profile picture of damitrx2

    damitrx2 started the topic Redraw to pay interest and expences on IP in the forum Help Needed! 9 years, 8 months ago

    I’m sure this has been done to death somewhere on the web before, but I`d like some knowledgeable opinions please.

    I have a 2 loans secured by the same IP

    I want to start a family and use all possible funds to fund lifestyle / pay down PPOR and not the IP.

    I am currently using Salary funds / credit card to pay expenses and rental income goes…[Read more]

damitrx2

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