Total Members: 159,401

westsubshuttles

  • westsubshuttles replied to the topic Redraw conflicting advice in the forum Finance 10 years, 2 months ago

    Hi Benny ,You are correct the setup for refinance will be 3 separate loans not x colled.
    Existing IP loan 100k
    Topup loan against existing 100k
    New ppor loan 400k
    All loans i/o and offset against ppor

    The existing IP loan has 50k in redraw . So i have a choice of payout 100k (consolidate redraw) or 150k ( and use redraw money for investment…[Read more]

  • westsubshuttles started the topic Redraw conflicting advice in the forum Finance 10 years, 2 months ago

    Hi My banker and mortgage broker say that consolidating a redraw when refinancing does not contaminate the original loan.
    Another MB says it contaminates.

    Situation is IP worth 350k.
    Mortgage owing 150k.
    Redraw 50k.
    Want to refinance to buy ppor, keeping IP . Banker and first mb say consolidate redraw, so refinance 100k.
    Second mb says that will…[Read more]

  • westsubshuttles‘s profile was updated 10 years, 2 months ago

westsubshuttles

Training Centre

Visit The Forums

Own one of Steve's Books? Unlock Your Free Gifts Here!

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
159,401

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!