Joe2030 replied to the topic a separate loan account for the portion of drawn out funds (deposit)? in the forum Finance 10 years ago
Thank you for the details. I will be careful about that.
Joe2030 replied to the topic a separate loan account for the portion of drawn out funds (deposit)? in the forum Finance 10 years ago
Thank you, Terrw.
“Do not redraw funds and place into an offset as they will not longer be borrowed funds.”
Sorry, I am not clear to me this. Can you elaborate about this?
Joe2030 replied to the topic a separate loan account for the portion of drawn out funds (deposit)? in the forum Finance 10 years ago
Thank you everyone,
Please correct if i am wrong. Based on your suggestions, I may ask my broker as follows:
Loan account 1. the refinanced home loan (P&I) against PPOR.
– 450k re-value (current home)
– 270k outstanding
– 90k funds outLoan account 2. an new equity loan (90k) (I/O) against a new IP.
– 90k funds out from the loa…[Read more]Joe2030 started the topic a separate loan account for the portion of drawn out funds (deposit)? in the forum Finance 10 years ago
Should I make a separate loan account for the portion of drawn out funds (deposit)? so that we can deduct the Tax money from a new invest property?
Is the Draw funds 90k as a equity loan, right?I am currently discussing with a broker….
1. Draw funds out of existing property increase after refinance my home loan (P&I).
450k re-value…[Read more]Joe2030 changed their profile picture 10 years ago
Joe2030‘s profile was updated 10 years ago
