True you do but when the loan is in one how are you going to calculate which interest each month relates to your PPOR and whay relates to investment.It is a lot cleaner to use a LOC or a separate account and then you can clearly identify the different interest charged.

Yes the interest rate would be slightly higher than your standard Professional Package but often it is well worth it to free up capital and move forward with your investing.

Yes the interest rate would be slightly higher than your standard Professional Package but often it is well worth it to free up capital and move forward with your investing.

Just make sure you dont redraw on your PPOR loan but separate the loans so you can easily identity what is what when it comes to the annual interest time.

Just make sure you dont redraw on your PPOR loan but separate the loans so you can easily identity what is what when it comes to the annual interest time.

mixedup I dont think it is that important at all however i do think it is opreferable to have the loans separate and not cross collateralised.Structure is the most important part of the financing exercise.Only reason you would switch lenders for you future IP's is if you had reached a servcieability limit with one lender or an alternative lender…[Read more]

It will all depend on how old the building is as to the rate of Building Write off you can claim.It could be Nil / 4% or 2.5% of the original construction cost.

Yes 90% is available depending on where the property is it should be quie doable.

All you would need to do is deposit the extra funds into the offset account and this will save you interest.

RobOk from what you mention all of the properties have rental income coming in.Most lenders take between 75-80% of the rental income into consideration when working out your borrowing capacity however there are lenders that would take 100% of the income from your existing properties which would obviously enable you to borrow a lot more.Other…[Read more]

Yes as long as you have never purchased a PPOR previously.

For non capital cities or regional towns their is a 0.25% rate loading.Might be 75-80% LVR.

Not necessarily depending on the age of the building and the Council.

Hate to say Airlie Beach is probably not going to be acceptable. Townsville is the only town other than Brisbane / CG & SC that is acceptable.They may consider it on a reduced LVR but may also charge a higher rate  as it is a outer post code.

Most mortgage insurers would not accept "border" income however in saying this i think you would have sufficient to service the debt from the information provided.

Sorry in answer to your previous question yes interest only is available.

JoshAs Mike mentioned these loans are post code orientated.I have just settled one today for the Sunshine Coast but in the main it is capital cities and regional areas.If you let me know a post code your are considering i can check whether it is acceptable.

For over a Million you may get 0.9%. Remember not all lenders have the same variable rate. 0.8% off may only actually be 0.7% off the Banks SVR is higher than most.

Have a look at http://www.lawcentral.com.au/CreateDoc/createlink.asp?docId=60 it might help.

Ok would need some details before i could tell you whether we could assist.