gaurav66 replied to the topic purchase vacant land, build houseand movein; lease out the current house for renting? in the forum Creative Investing 13 years, 5 months ago
Thanks heaps Terryw !
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gaurav66 replied to the topic purchase vacant land, build houseand movein; lease out the current house for renting? in the forum Creative Investing 13 years, 5 months ago
Thanks Terryw,What is IO loan with a 100% offset, can the current loan be converted into one.The current loan is variable home loan premium. I can do one thing i can first buy the land and then after 2 years build the new home with new loan.Regards,-Gaurav
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gaurav66 replied to the topic purchase vacant land, build houseand movein; lease out the current house for renting? in the forum Creative Investing 13 years, 5 months ago
Thanks Terryw & Elea!The question is how should i go about the loan?.I have current home loan with westpac which i have almost paid off. Now i need a bigger home which i intend to build which is going to cost me 450k. The current primary loan i can top-up to 200k, however i think i need to create another investment loan!The scenario is i want to…[Read more]
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