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  • Profile photo of peter_craigpeter_craig
    Member
    @peter_craig
    Join Date: 2011
    Post Count: 3
    November 10, 2011 - 6:14 am

    I may have made a poor decision by paying the IP off. To be honest I don't know much about investing – probably why I have since signed up a Financial Advisor!

     Appreciate all the advice, but all I really wanted to know from this forum is whether three weeks too long to be waiting for advice.

    Profile photo of peter_craigpeter_craig
    Member
    @peter_craig
    Join Date: 2011
    Post Count: 3
    November 10, 2011 - 4:32 am

    Sorry for the confusion!

    A bank has said that they are prepared to lend me 800k.  I'm thinking a place around the value of around 600-700k would be sufficient to live in. I know where I want to buy and what type of place, so not looking for advice on those.

    Specifically what I want advice on is:

    – whether I would be financially better off to sell my investment property, or to hold onto it and borrow a larger sum.

    – what amount he thinks I would be comfortable borrowing (taking into account my lifestyle, expenses etc.)

    Are those queries not the realm of a Financial Advisor?

    Cheers,
    Peter

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