Hi You LotIve used the toolbox resource and found it excellent. As long as you are thorough in ALL your costings and keep to budget (the 2 golden rules of reno's)  then it will guide you to exactly the outcome you set yourself, unless you of course get a better sale price than anticpated.The exact same principle applies to any house be it 200k o…[Read more]

You have probably moved on from this predicament by now, but I suggest get a money partner to overcome your finance limitations and accrue your cash resources as fast as possible.Alternatively MyRate have some very competitive rates now. Standard at 7.19%. I just secured a LoDoc with no fees no LMI at 80% loan for 7.4%. Dont know what they do for…[Read more]

Hi Sk2

I just wanted to say that Terry ‘s advice is spot on ! I wish I knew this before I started using my re-draw to pay personal credit cards etc.

In the end, the calculation of interest became extremely tricky and I received a huge bill from my accountant for the time it took him to work through the investment portions vs personal.
For me…[Read more]