[cap] Dear Gramyre and mysa,
Thanks for going to the trouble of posting some positive news!!!!
Regards Gatsby.

Many thanks MobilMortgage,
Yes, it is a fixed IO rate of 8.15%
Also, one question I forgot to post. With the equity I have, is it possible to borrow the full amount for a loan for an investment property? Any ideas as to what rate of interest this may attract? (both for a IO fixed or variable or either a P+I). Many thanks for the advice.
Any other…[Read more]

Dear Enlad,
Thanks for the reply. I’ve been stuck for nearly 4 years on 2 IO loans (after which they convert to P+I). One property (the first one I purchased secures both properties and the second property secures itself (these terms used are where I get lost!!). I want to break to the lowest rates possible and I’m currently with Adelaide bank. If…[Read more]

Dear MortgageHunter, many thanks for your reply and advice! Cheers! Dear Jaffasoft, don’t be so JaffaHARD! I think a touch of humour in something that is as serious as investing should not be seen as mutually exclusive. It may even prove to be beneficial to some? If you read this thread “out of boredom” then my only wish would have been to cheer…[Read more]

[biggrin]I won’t call myself ‘MASTER’ so I obviously won’t call everyone ‘LITTLE GRASSHOPPER’! My point? As to ‘was the seminar worth the $1000?’ Stupid comments like that only reflect on how ‘stupid’ I was spending ‘THOUSANDS’ on my Uni education! All of that money only served to deny me the best education, ‘FINANCIAL EDUCATION’!!!! For all those…[Read more]