Joe2030 replied to the topic a separate loan account for the portion of drawn out funds (deposit)? in the forum Finance 9 years, 11 months ago
Thank you for the details. I will be careful about that.
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Joe2030 replied to the topic a separate loan account for the portion of drawn out funds (deposit)? in the forum Finance 9 years, 11 months 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?
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Joe2030 replied to the topic a separate loan account for the portion of drawn out funds (deposit)? in the forum Finance 9 years, 11 months 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 9 years, 11 months 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 9 years, 11 months ago
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Joe2030‘s profile was updated 9 years, 11 months ago
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