Thank you duckster, Terryw, Scott No MatesWhat I got from above is If I can get the settlement and rent out before June 10. I can pay the pre interest and and show these as an expense for deduction.Few info about my situation As per my calculation my property will not be -ve geared. It will be either +ve or neutral. And I am planning to get IO…[Read more]

Thank you both. I don't have any debt yet, this is my first IP, current renting and not any defaulter to any payment. And having good salary. I believe I have good credit report. Is the above rate is good for 95% + LMI and they charge $15/mth for offset a/c ? How is the exit policy of Bankwest ?Do you have any recommendation for any home loan…[Read more]

Thanks Richard. In my above post. I got wrong understanding that suncorp will give IO only. I came know that they will not on 95% specially. Anyhow, you didn't them useful either way. Can you suggest on Bankwest pros and cons. And specifically how is exit process of bankwest ?BankWest95% + LMIInterest Rate – 6.5530yrsLMI on top – $10,000Monthly…[Read more]