First timer replied to the topic Setting up finance for IP that will become PPOR in a year in the forum Finance 8 years, 6 months ago
Thanks very much for the reply.
Some additional information for concideration.
Im not going to be able to avoid LMI. So can I borrow to say 88% of my current PPOR thus setting up a seperate split loan of:
500k x 88% = 440k (less 320k owing)
So $120kThis way I will be able to achive the new IP loan at 80%.
Then in a years time move into the…[Read more]
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First timer started the topic Setting up finance for IP that will become PPOR in a year in the forum Finance 8 years, 6 months ago
Hi all,
Just looking for some basic advice on how I should structure a new loan for a new investment property that I plan on buying and moving into in a year or so. I understand that I should be be keeping my IP debt high and my PPOR low. However unsure of how this will work if I swap my ppor and IP.
Current PPOR value $500k with $320k owing. Do…[Read more]
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