Hi David,

thanks for taking the time to reply. I have still not moved forward on this as I am concerned that my serviceability may open up a can of worms with the lender.

My finances have been affected by the downturn although I feel I am now in a good position to move forward with my investing due to my recent property renovation. I am in a position where I can work when I like, as and when I need the extra cash but due to really not enjoying my job I tend to work on side projects more than my main income producer, my trade.

what’s your thoughts?

Hey guys

sorry I should of explained better. I cannot get a new loan At the moment due to income and job keeper, so keeping the existing loan open, currently at 3.3%

By holding costs I mean I will still have to repay the loan while not receiving any income from the old property, I was wondering if anyone has experience changing the loan to interest only, or owner occupied etc before transferring in the term deposit? To keep the cost of the repayment down?

thanks again for your help, still working on my investor education 👌