PropertyInvesting.com | denny500 | Activity https://www.propertyinvesting.com/members/denny500/activity/ Activity feed for denny500. Wed, 15 Apr 2026 05:18:37 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 74188b4766a6f6c6cfacb96cf490df8a denny500 replied to the topic Using equity to invest of buy another IP in the forum Finance https://www.propertyinvesting.com/topic/4397469-using-equity-to-invest-of-buy-another-ip/#post-4610089 Mon, 12 Oct 2009 01:51:03 +0000 Qlds007 wrote:
Wow denny 6.21% is a shocking rate of interest even with the loan amount you currently have.

yes, I know. I meant, before discount.Is there any broker from Melbourne CBD?

]]> 9afe3aab052c09a7bb8d4c6c42fe7d7e denny500 replied to the topic Using equity to invest of buy another IP in the forum Finance https://www.propertyinvesting.com/topic/4397469-using-equity-to-invest-of-buy-another-ip/#post-4610086 Sun, 11 Oct 2009 22:23:35 +0000 Terryw wrote:
It is called the equity access loanhttp://westpac.com.au/internet/publish.nsf/Content/PBHLRF+Home+Loans+Fees+and+Charges

Thanks Terryw. If I setup a seperate loan for the invertment, will I pay the interest rate as LOC or the same as home loan?Currently the home loan is 6.06% and LOC is 6.21%, a 0.15% difference.

]]> e8e1fa3d0f5f73e013940f49aa5b7a99 denny500 replied to the topic Using equity to invest of buy another IP in the forum Finance https://www.propertyinvesting.com/topic/4397469-using-equity-to-invest-of-buy-another-ip/#post-4610084 Sun, 11 Oct 2009 20:23:31 +0000 Terryw wrote:
Also you don't really need a LOC, you could just have another separate loan for the new portion. make sure it is IO though. ANd, yes Westpac for have one too. If you are borrowing to invest, then the interest should be deductible on this borrowing. It doesn't matter what the security is.

Thanks Richard and Terry. I didn't find the…[Read more]

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