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damitrx2

  • Profile picture of damitrx2

    damitrx2 replied to the topic Redraw to pay interest and expences on IP in the forum Help Needed! 10 years, 10 months ago

    Yes I thought as much.

    I am also not sure on this situation

    Can I at least use the loan no 2 / borrowed funds to pay expenses (excluding loan no 1 interest) and claim the interest on the loan no 2 for repairs / rates etc.

    Expenses could be $5-10,000 a year and that money could be better off reducing my PPOR

    Interest on that may be $500 and…[Read more]

  • Profile picture of damitrx2

    damitrx2 started the topic Redraw to pay interest and expences on IP in the forum Help Needed! 10 years, 10 months ago

    I’m sure this has been done to death somewhere on the web before, but I`d like some knowledgeable opinions please.

    I have a 2 loans secured by the same IP

    I want to start a family and use all possible funds to fund lifestyle / pay down PPOR and not the IP.

    I am currently using Salary funds / credit card to pay expenses and rental income goes…[Read more]

damitrx2

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