Hi all!

I finally met up with a mortgage broker yesterday. He recommended me to go for the I/O loan to pull out my equity.
One thing he mentioned is the involvement of my wife in all the loans to draw the equity out of my current house because the house is under my wife’s name only. So she has to guarantee all the loans (Technically I don’t have…[Read more]

Hi Terryw,

Thanks for your reply. I don’t have any personal debt at the moment so I think I will weight out if I should pay off the LOC slowly or have the spare cash in the offset account attached to the IO loan.

Thanks again!

Hi Terry,
I thinking of getting the LOC under my name. What will be the pros and cons of using my name and not my wife’s name? My initial thoughts were to start my investing journey solely under my name/trust.

Good to know the LOC will be tax deductible. If I use the LOC loan for my deposit, I understand that I will be charged a higher interest.…[Read more]

SOLD!!

2 tickets booked.

Andrew