Forum Replies Created
Thanks for the responses. We just want to get the structure right from the start and avoid any messy complications later.
Where can I find the most competitive investment loans? We have been looking for a financial adviser/broker who specialises in property within Melbourne but haven't found any as yet.
Hi Richard,
Just on this topic again (you must be quite sick of it!)
My husband and I have a situation where, we have a PPOR and IP, both with stand alone loans through different lenders and have very low debt. We are looking at opening a LOC to fund the deposit for another IP. The question I have is, which security should be used for the LOC? Ideally it should be the IP, except I am not fond of that lender as they have high fees. We would like the next IP loan to be with the same lender as PPOR, however, I am uncertain whether it is a risk, having the PPOR, LOC and 2nd IP all with the same lender, isn't this similar to cross collateralisation, even though it technically isn't? Sorry hope this is making sense.
Thanks
