All Topics / Hotch Potch / loc is it a benifit for me?

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  • Profile photo of gazzaagazzaa
    Member
    @gazzaa
    Join Date: 2003
    Post Count: 15
    December 6, 2003 - 11:48 pm

    hi all
    advice from some of the mortgage brokers please
    at the moment have loan with cba PPOR and 1 IP with what they call wealth pack where if total holding is over 200k then you get .5%disc of varible rate also both props stand alone .my question is would IT be advantages to set up line LOC on the PPOR and what cost may be involved ?
    PPOR loan 18k val 300k
    IP ” 190K val 340k
    all replies will be appreciated
    tks GAZZAA

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    December 7, 2003 - 3:07 am

    Hi Gazzaa,
    You have some equity in your IP, and only $18K left to pay down PPR debt, as both are stand alone have you considered a LOC on your IP ?
    Kind regards
    Steven

    [email protected]
    http://www.mobilemortgagemarket.com.au
    Ph: 0402483216

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