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  • Profile photo of kyanfablekyanfable
    Member
    @kyanfable
    Join Date: 2010
    Post Count: 7
    March 2, 2010 - 9:26 am

    THanks Sprirro however I'm not sure I understood that.

    How are you able to borrow against Property 2 when it's loan is more than it's value?

    Profile photo of kyanfablekyanfable
    Member
    @kyanfable
    Join Date: 2010
    Post Count: 7
    February 27, 2010 - 12:45 am

    THanks guys for the excellent info. I appreciate it very much :)

    I will definatley be avioding crossing as i see far more benefits in avoiding it, and it will siut my purposes more.

    J

    Profile photo of kyanfablekyanfable
    Member
    @kyanfable
    Join Date: 2010
    Post Count: 7
    February 26, 2010 - 10:12 pm

    Thanks guys, both of your comments have been very helpful.

    I think I will seek a broker who will refinance my current loan to:

    1. Interest Only
    2. Into a structure that allows me to draw down equity through a line of credit or similar
    3. Draw down on the LOC and borrow funds from another lender for the purchase of IP2

    Can anyone reccomend a broker in SYDNEY who thinks this way?

    Thankyou all

    J

Viewing 3 posts - 1 through 3 (of 3 total)