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  • Profile photo of STUART WILSONSTUART WILSON
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    @stuart-wilson
    Join Date: 2010
    Post Count: 3
    September 29, 2010 - 5:04 am

    Yeah i was planning on contacting someone thanks

    Profile photo of STUART WILSONSTUART WILSON
    Member
    @stuart-wilson
    Join Date: 2010
    Post Count: 3
    September 29, 2010 - 2:29 am

    Thanks for the info,

    So if the units value is 200,000 and i owe 130,000 it would be best to use that equity for the deposit on the new PPOR but have the 60 odd thousand as a seperate loan and then another loan for the remainder of the PPOR value of around 250,000 which will be an IO loan.

    Forgive my ignorance just the mention of three lots of borrowing threw me off, from my understanding would it be advisable to keep the units loan as an IO loan for maximal tax benifits

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