Forum Replies Created
Thank you duckster, Terryw, Scott No Mates
What 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 only loan with 95% + LMI with 100% offset a/cNow, few question
1. How many months interest I can pre pay ? Any limitation or it all depends on how much money I have for paying.Terryw, suggested I can only calaim "slightly as the costs claimable will need to be proportioned on how long you have owned the property during the financial year"
duckster, Scott No Mates – Suggestion provide by both you looks same. Can you please put lights on Terry's suggestion.
If any information is needed about my situation to help, pls ask.
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 product, based on my needs to get 95% + LMI. And any suggestion if my requirement is wrong or so.
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 ?
BankWest
95% + LMI
Interest Rate – 6.55
30yrs
LMI on top – $10,000
Monthly repayment IO – 1910$
Establishment Fees – 700$
