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Selling and buying a property on the same dayReno Queen [52 Posts] Not sure if this is the correct forum to post this info. Recently I bought a property and a few days later sold a property. This was purely coincidental. As it turned out both contracts were dated the same date. When I applied for finance the bank manager said I could just transfer the loan from one house to the other. He told me this is cheaper than taking out a loan for the new property. I hadnt known this before that you could do this MrFairGo [82 Posts]  If you have a purchase contract that is within about 30 days, most banks will transfer the security as you describe. Cheers .   |
User loginIn The NewsRBA Rate Drops Rate The RBA has just announced a 100 basis point drop to its benchmark cash target rate. Developers Expectant The Federal Government's $1.5 billion first-home package has stimulated the development market. RBA Rate Cut RBA delivers investors an early xmas present by cutting its benchmark by 75 basis points to 5.25% Today's TipYou should never pay more than 30 cents in the dollar in income tax <more> Active forum topicsCarly Crutchfield Home Study DVD Course Author: Paulyp What price do i need to declare to tax office ? Author: World Changer Who's OnlineTake The Test
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