PropertyInvesting.com | learning_to_fly | Activity https://www.propertyinvesting.com/members/learning_to_fly/activity/ Activity feed for learning_to_fly. Sun, 12 Apr 2026 09:12:25 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 87bea9cd08d231b6e253763afb8b10fc learning_to_fly replied to the topic Refinancing for Deposit in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401967-refinancing-for-deposit/#post-4636717 Tue, 23 Nov 2010 23:38:31 +0000 Jamie M wrote:
Or just set it-up as a second IO split on the variable product. If it's set-up as a second facility you'll be able to easliy identify the deductable debt from the non-deductable.

Thanks Jamie. Yeah, I found out from my bank and I am actually able to set up a separate account for the new IP mortgage. Cheers.

]]> 87953b5556360ffc47452f7644016dab learning_to_fly replied to the topic Refinancing for Deposit in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401967-refinancing-for-deposit/#post-4636716 Tue, 23 Nov 2010 23:37:36 +0000 Terryw wrote:
If you deposit money from a loan into a savings account it is no longer borrowed money, so you may not be able to claim the interest at all. Also sounds like you are just increasing a loan which can be dangerous if you are mixing a home loan with an investment.For this reason I would suggest a LOC.

Thanks for your reply Terry.…[Read more]

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