Elizabeth replied to the topic Locking in equity? in the forum Finance 8 years, 9 months ago
Thank you for all your replies. I am learning a lot here and loving it. I did not know about the difference between equity in your IP and accessible equity so thank you Corey for defining that.
The $20-30k equity I mentioned does turn out to be accessible equity (yay!). My bank has a feature in my online banking that shows the amount of equity in…[Read more]
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Elizabeth started the topic Locking in equity? in the forum Finance 8 years, 9 months ago
Hi everyone, rookie investor here,
Does this make sense? I have one investment property with approx $20-30k equity, IO loan with offset. If I increased my current loan to gain access to the equity and leave that money in the offset account – the amount of interest I would be paying is the same as what I am paying now (pre re-financing, assuming…[Read more]
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Elizabeth became a registered member 8 years, 11 months ago
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