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We're just about to purchase our 2nd IP. I'm thinking of taking out an extra some of money on the new loan to pay down some of our business loan (lower interst) is this a good idea?
Certainly if the interest rate is cheaper and you dont use up your equity in doing so then certainly worth considering.
Probably want to split the loans to apportion the interest.
Many lenders wont lend for Business Purposes so structuring the loan wiith the right lender is important.
Richard Taylor | Australia's leading private lender
Viewing 2 posts - 1 through 2 (of 2 total)
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