htopg replied to the topic Redraw facility abuse! What are the implications for future investing? in the forum Legal & Accounting 12 years, 8 months ago
I am in a much worse situation.My PPOR homeloan only has redraw facility but no offset account.I made extra payment to make the balance 0.If I turned my PPOR into IP, tax deductibility will be 0
BankWest told me that I have too much equity (600k x 80% = 480k) and I can only afford to have only one more IP with their loan.
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BankWest told me that I have too much equity (600k x 80% = 480k) and I can only afford to have only one more IP with their loan.
