matt7428 replied to the topic Converting PPOR into first IP in the forum Help Needed! 12 years, 3 months ago
Hey guys,
thanks for the advice
I got in touch with my bank and they suggested i set it up the following way:
Extent original loan to the maximum amount (not exceeding 80% LVR ratio), convert to I/O loan, and then using released funds for a deposit for the next PPOR. I had i thought for the next PPOR of setting it up with an I/O loan with an…[Read more]