PropertyInvesting.com | deadlast | Activity https://www.propertyinvesting.com/members/deadlast/activity/ Activity feed for deadlast. Wed, 08 Apr 2026 01:09:58 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e4edacac3323c93a94ec7b6325e2c6a9 deadlast replied to the topic Advice on how to proceed in the forum Help Needed! https://www.propertyinvesting.com/topic/4391251-advice-on-how-to-proceed/#post-4576357 Thu, 01 Nov 2007 22:09:46 +0000 Hi guys, given i'm in an investors forum…. lolI'm sure there is a wealth of experience with costs involved with Investment Properties.for a 330,000 investment property, after taxes and rent (assume $350 a week/Canberra), how much out of my own pocket a fortnight would I be paying on an IO loan for 330,000 over 30 years @ 8% fixed?The miss's…[Read more]

]]> a2b11b23962c0bfd0cb616240aaa8533 deadlast replied to the topic Advice on how to proceed in the forum Help Needed! https://www.propertyinvesting.com/topic/4391251-advice-on-how-to-proceed/#post-4576355 Tue, 30 Oct 2007 22:27:05 +0000 brc wrote:
Given you can't get out of the current mortgage, and you aren't planning on doing anything for 3 years anyway, I"d consider paying the maximum amount off your mortgage.   Many mortgages now allow a small number of redraws per year of built up principal above and beyond the payment schedule, so you could always pull it back out if n…[Read more]

]]> 3438fcf9bc7801113629a97b7a9b57e0 deadlast replied to the topic Advice on how to proceed in the forum Help Needed! https://www.propertyinvesting.com/topic/4391251-advice-on-how-to-proceed/#post-4576353 Tue, 30 Oct 2007 04:51:04 +0000 BANK says I can't change it to and IO Loan.  So i'm locked for 2.5 years, given I don't want to fork out for LMI again.So am I better off paying down the loan with the extra money I have (<10kr, 10k a year limit on additional repayments) or paying absolute minimum on the loan and saving the rest in an interest bearing account.Thanks guys

]]> 1b85412cb6e70ec66cecaa9cff89c751 deadlast replied to the topic Advice on how to proceed in the forum deadlast wrote: As a https://www.propertyinvesting.com/topic/4391251-advice-on-how-to-proceed/#post-4576352 Tue, 30 Oct 2007 01:18:39 +0000 deadlast wrote:
As a sidenote, are there any pros/cons for the Investors Club??

Hi guys, totally forgot about this information, are there any success/failure stories concerning the Investors Club?Also, how does the offset work on an IO loan?  do you pay less per fortnight because of the offset?Thanks againDEAD

]]> 2af38577c07fd8811371e3eceb81cec7 deadlast replied to the topic Advice on how to proceed in the forum Help Needed! https://www.propertyinvesting.com/topic/4391251-advice-on-how-to-proceed/#post-4576350 Thu, 25 Oct 2007 22:53:53 +0000 Qlds007 wrote:
Hi deadOn the basis that it is a IO loan you are being charged less interest with a 100% offset account.Other consideration in refinancing is the cost of the LMI again. Unlikely you will get more than a 40% refund from ING

Well based on that, I may keep it as it is, pay minimum payment till the end of the loan, which puts the l…[Read more]

]]> 202cf575e03bd3a5037e2098ca1f1190 deadlast replied to the topic Advice on how to proceed in the forum Good Morning guys, thanks https://www.propertyinvesting.com/topic/4391251-advice-on-how-to-proceed/#post-4576348 Thu, 25 Oct 2007 21:31:06 +0000 Good Morning guys, thanks for the info.Do you think its worth 1500 at this point to refinance? (loan break fee)In addition, how does the offset work with an IO Loan, i understant 100,000 loan, 5 grand if offset, pay interest on 95,000.Does this pay off the principal if you are paying less interest? not sureThanks

]]> 3140f3f3b7a3e59ac3625eaf136ee696 deadlast replied to the topic Advice on how to proceed in the forum Help Needed! https://www.propertyinvesting.com/topic/4391251-advice-on-how-to-proceed/#post-4576346 Thu, 25 Oct 2007 06:05:28 +0000 Terryw wrote:
I would say since you are going to be moving out and renting it, you should make it IO immediately. Try to get a 100% offset account lined and put all spare cash in there – this will be the same as putting it in the loan in terms of interest savings.

Hi Terry, thanks for the prompt response.Currently with ING, is it worth the…[Read more]

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