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Hi im a uni student studying a bachelor of property.
Just a quick question on equity. When you use equity from a PPoR/IP to fund another IP is the equity just added to the principal of you orginal loan or is a new loan set up?
Cheers Brad
New loan is set up if the property is revalued to release the new equity. Otherwise equity release should be in the form of a redraw against the equity in your existing loan on your PpoR or IP
Thats my experience anyway.
Thanks heaps for clearing that up
Viewing 3 posts - 1 through 3 (of 3 total)
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