Thank you Richard.

Might the mortgage insurers decline a application with the applicant being a property developer as his income from the sale of properties is based on speculation and as a result they may lose money on the sale of properties if their is a market downturn ?Please advise.Thank you.

How would mortgage insurers view applicants if they were working in the property development field ?

Thanks Terry.So its correct to say for a interest only loan you could redraw up to the original loan amount as the balance does not change since your only paying the interest charged and  for principal and interest loans you could redraw up to the scheduled balance which reduces as you are paying some of the principal. In this way it works like a…[Read more]

You would need to provide to the solicitor organising the current mortgage documents on the current refinance loan the loan agreement from the original loan in order to pay the stamp duty only on the increase.

Please advise how you would go about borrowing money to buy unit trusts ?Is it just through a personal loan or if you get a loan secured against a property for say future investments.

Just reading the book 'How to Legally Reduce Your Tax' by Tony Melvin and Ed Chan and they advise in their book nobody owns a trust – it is controlled, not owned. Does this mean you can't own part of a trust ?Please advise ? Thank you.

Alternatively you might be able to do a loan advance to say cover the stamp duty on the transfer and have the title transferred into the sole name at the same time at settlement. Please check with your current lender.

Please advise why people would choose to pay interest only for owner occupied loans if they are not tax deductable ?Thank you.

Interest only repayments are usually for investment property loans so the interest paid is tax deductible against their personal income.