J Moloney replied to the topic Moving existing IP into a trust – yes or no? in the forum Help Needed! 17 years ago
Thanks tysonboss! so basically what you're saying is having you're Investment Loan set up as interest only with a 100% offset account is the way to go? Again with the 100% offset acount do you only make the normal repayment required or do you pay more than the set repayment amount??Cheers Janie
J Moloney replied to the topic Moving existing IP into a trust – yes or no? in the forum Help Needed! 17 years ago
Hi all, Thanks for all the feedback it's much appreciated. I have lots more questions to be answered though!! Firstly what does PPOR stand for? Personal Place Of Residance?? and once you have a loan on Principle & interest can you change it to Interest only? How does an offset account work, can it be set up with any lender??I'm currently with NAB…[Read more]
J Moloney replied to the topic Moving existing IP into a trust – yes or no? in the forum Help Needed! 17 years ago
Hi I'm Janie I'm 20yo. i am really new to the property investment game. I bought my first home November last year with the aid of the first home owners grant with the intention to turn the property into a rental. My decision to by a property so early has stemmed from fear of 'missing the boat' rising interest rates etc. So i had little or no time…[Read more]