Sorry..this is a good point, what is the reason for wanting to have the two loans as stand alone facilities? Seems on the surface of it you would be best to keep things as they are1)Avoid possible Mortgage Insurance2)Avoid possible early termination penalties or break cost3)Why would you want to take money from owner occupier loan and put lump sum…[Read more]

Hi ThereThis is not professional advice, but, what you are seeking to do in my expierence is not possible. It is the purpose of the origional loan which determines that it is tax deducible or not. You may be better of selling your current home and using a cash deposit (as much as you can afford) to buy your new home. Then, you take out a new LOC…[Read more]

Hi ThereWho did you apply to for your deposit bond? What are the figures you are working with?If you want to let me know I will look into it for you.Maggie SmithBroker & new member

Hi ThereIts Maggie Smith, from Ripe Property finance in Perth here, (licenced broker since 2002) could you please tell me how much your investment property got valued for (or your estimated current value), and what the current debt that you took out to buy the investment property is a present.The main risk of seperating the securities as I see it…[Read more]