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Ourdreams

  • Ourdreams replied to the topic Line of Credit in the forum Help Needed! 13 years ago

    Sorry Luke but when we took on a mortgage, we did not know if we would be taking up an investment property 5 years down the line and that line of credit is not a great product for mortgage. We did speak to an accountant then and are speaking to one now!

  • Ourdreams replied to the topic Line of Credit in the forum Help Needed! 13 years ago

    Thanks Jamie. We are Seeing an accountant soon so should help. The fixed expires a couple of months before our house will be ready to move in. So the break costs are not a concern.

    It sucks because my understanding is that you can claim tax deductions on an offset account. Our banker has advised us to refinance our current property and release…[Read more]

  • Ourdreams replied to the topic Line of Credit in the forum Help Needed! 13 years ago

    Thanks Jamie. We are Seeing an accountant soon so should help. The fixed expires a couple of months before our house will be ready to move in. So the break costs are not a concern.

    It sucks because my understanding is that you can claim tax deductions on an offset account. Our banker has advised us to refinance our current property and release…[Read more]

Ourdreams