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  • Profile photo of pjstewpjstew
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    @pjstew
    Join Date: 2011
    Post Count: 3
    November 24, 2011 - 10:20 am

    Catalyst,
    Thanks for your comments. In terms of your LOC – is LOC able to be obtained from a different lender to my current home loan? I’m trying to avoid re financing.

    Do you use your LOC to make up the shortfall ( rent in V loans interest)?
    I guess my concern with this kitty method is what Stefk is saying – you never get out of a hole until the home becomes positively geared.

    Profile photo of pjstewpjstew
    Member
    @pjstew
    Join Date: 2011
    Post Count: 3
    November 24, 2011 - 5:43 am

    Richard if it makes things easier I have a home worth 500K and outstanding loan of 300K.

    i look forward to your comments.
    Paul

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