PropertyInvesting.com | holo | Activity

holo replied to the topic Best way to manage a St George Portfolio loan (Line of credit) in the forum Finance

Thu, 03 Jan 2008 22:43:24 +0000

thanks guys duckster, yes I do have a single annual fee. I will set up an auto redraw ( I assume you mean a scheduled transfer) to cover the payments.Thanks for your help

holo replied to the topic Best way to manage a St George Portfolio loan (Line of credit) in the forum Finance

Thu, 03 Jan 2008 00:56:56 +0000

Hi MarcThanks for the reply.As you recommended I have manually transferred an amount from sub account 1 to cover the debit interest taken from sub account 2 and 3. These are now back to the original amounts.So,you have answered one of my questions, I have to pay the minimum amount, ie interest only for sub accounts 2 and 3 whilst I pay as much as…[Read more]

holo replied to the topic X Collateralising in the forum Finance

Mon, 25 Jun 2007 11:48:30 +0000

sorry to drag up this old thread, however I just wanted to say this thread has been very useful in helping me understand why X Collaterising is so bad, especially as I am getting my head around some options at present. Perhaps another noob (like me) might also benefit.Cheers

holo replied to the topic Suggestions needed on our position and intentions in the forum Help Needed!

Thu, 05 Apr 2007 12:41:13 +0000

thanks for the replies all , much appreciated. I understand that increasing the investment mortgage (interest only) and using the proceeds for my own home is not tax deductible as the prime reason for the loan is not as an investment but rather funds for my own home. Therefore that option gives no real benefit.You are right Derek, the main reason…[Read more]

holo replied to the topic Chan and naylor Financial Health Checks in the forum Legal & Accounting

Wed, 16 Mar 2005 01:13:23 +0000

Thanks for taking the time to reply Derek. I will give the health check a go.