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 less than $400,000 which I understand will not trigger any stamp duty (I heard that now buying properties under $500,000 will not need to pay stamp duty). So the only cost will be bank fees when I apply for a home loan, and legal fees. Then we can invest under my name.
