All Topics / General Property / Discharging Loan on PPOR
I have a question that I hope forum members can help me out with.  Later this year, (approx Oct), I am going to be putting my PPOR on the market. I have a LOC loan on the property, which is due to be "paid off" by August. In fact, the balance will be going into credit.  Is it in my best interests to discharge the loan completely, before putting my PPOR on the market, so that the house
is being sold totally unemcumbered ?  What are the advantages to me of doing this, or does it make no difference when selling the house ?  ( After I sell my PPOR, I already have somewhere to live, so I won't have to buy another PPOR).To this point in time, I have only ever bought property, and have never sold a property, so I welcome as many tips on selling as possible.
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I can't think of any benefit of discharging the loan a bit early.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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