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  • Profile photo of lukootlukoot
    Participant
    @lukoot
    Join Date: 2010
    Post Count: 6
    February 3, 2016 - 8:17 pm

    Thanks corey… i have just been made redundant so i have decided to invest my time and money into IPs… just wondering if the bank would possibly just change the loan over to an investment loan rather than having to go through the whole process of paying the existing loan out only to get the same amout as an IO loan? Eliminating the need for getting pays slips and employment letters.
    will having alot of equity in my PPOR help this situation(double the maximum amount i want to borrow) or will they still need a source of income?

    Profile photo of lukootlukoot
    Participant
    @lukoot
    Join Date: 2010
    Post Count: 6
    February 3, 2016 - 3:27 pm

    Hi,
    I own my PPOR.. but i have kept a 400k loan open with 400k in the 100% offset account. Would it be more benifical to use this money to buy IPs or save up some cash and go into a trust with a partner so i keep everything seperste from my personal stuff?

    Thanks in advance
    luke

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