paul scara ,property lawyer in newtown sydney

hi guys

i am going to have to disagree on this one.
Just took and adelaide bank loan with me on
title and both me and wife on loan (no guarantor
scenario either)

Thanks Guys

i have been speaking to Adelaide Bank and they
are telling me a different story.

They say that if i took a loan for 200k interest
only and repaid 100k at settlement even though
the interest will be charged only on the 100k, if i didnt make my repayments based on the 200k my
100k which was available for redraw will reduce
every…[Read more]

Thanks simon

Does that mean that with the repayments set at
the 200k loan size i am paying off principal
but not increasing the size of my 100k redraw?

What if the IP was valued at 380K ?

Thanks Stu.

Owner Occupied
Coogee nsw 2034

The loan is for 1 property valued at around
1700K in sydney.
This is where i am finding the hurdles.