you could sell and buy a new IP, or I've heard that you may be able to buy or sell your half to a joint owner and increase the deductible amount

Thanks Richard,are you saying it would be better to set up a separate loan for the 20% deposit secured against the PPoR rather than refinance the PPoR to  a line of credit with a split option (separating the interest costs from th home and the IP)?In the example used in the API article, the investor has a PPoR worth 400k and owes 150K. the…[Read more]

I ordered the issue and read the article today. Most of the important info that is in the article has been covered in this thread. It got me thinking about how I would get in the best position to remove cross security with our loans. The bank conveniently for them valued our home which is being constructed at the purchase price of the land + the…[Read more]

break costs would be the main point of interest.

Friends of mine are considering this loan, I couldn't see any terms and conditions on their website. has anyone looked into it further?

just looked on the API site, was un aware that back in the day they used to spread an issue across 2 months

Hey Carlin, which is it?The 2004 Feb or March (or both) issue of API?CheersBen

excellent! I will try to get my hands on it. I'm confident that we will be able to refinance or swap to a line of credit when our home is complete, plus the IP is sub dividable, so there will be instant equity when that is done.

cheers Carlin, I may be confusing it with articles about using borrowed funds to service loan repayments.I wish that I found this forum two months ago.. We purchased our first IP cross collateralize with our PPoR, which is under construction. I was under the impression that it was the only way we could do it without outlaying a big deposit. A…[Read more]