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  • Profile photo of Priz7780Priz7780
    Member
    @priz7780
    Join Date: 2011
    Post Count: 4
    January 10, 2011 - 10:44 pm

    Hi all,

    I'm glad I found this website :) This is helping me a lot. Ryan I do not mind at all. So basically what you are all saying is that I can switch my loan to an interest only loan even though I will still be living there for a while until we find the right place and by the time that settles and we build etc…?

    Cheers
    Pri

    Profile photo of Priz7780Priz7780
    Member
    @priz7780
    Join Date: 2011
    Post Count: 4
    January 10, 2011 - 11:03 am

    Hi Jamie,
    Thank you for your advice. Everything makes more sense now. Will be in touch with my lender to see what they say. Would you recommend having both loans with the same lender or does it really depend on what we are after?

    Thank heaps everyone

    Profile photo of Priz7780Priz7780
    Member
    @priz7780
    Join Date: 2011
    Post Count: 4
    January 10, 2011 - 4:03 am

    Hi j900,

    Well we have been trying to find a fairly cheap block of land and we bought ours for $140K for a 500square metres now they sell for $300K+. So i have asked the question if that meant that my block of land was worth the same and every answer I got was yes. I will get the bank and a real estate to assess my house and land and see what they come up with. We are in the Tarneit west of melbourne.

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