Terry, is IO Interest Only? What is PPOR? Thanks.

Thanks Terry for your reply. Seems that our only option to upgrade is to sell our home….

Thanks Terry and Simon for your replies. What do you mean by ‘restructuring the loan’? Is it like refinancing? Can we refinance the home and get a new loan so there’s no redraw in the new loan?

Otherwise do you think it’s an option that my husband sell the home to me (as both the property and the home loan are under his name)? Our home is worth…[Read more]