https://www.propertyinvesting.com/members/tommygun/activity/ Activity feed for Tommygun. Mon, 13 Apr 2026 18:15:05 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 6f74ad4aa524d3f2b095d5d77d128533 https://www.propertyinvesting.com/topic/4396474-which-bank-io-loans/#post-4605259 Wed, 17 Jun 2009 12:44:49 +0000 Thanks Richard. Appreciate your comments. Came down to melbourne today from Brisbane to check out a property and I'm booked in with a bank tomorrow. But as I won't be buying this property because it was nothing like it was described on the internet  ( along with a bunch of Dodgy photographs!) I will probably have time to find a broker.

]]> 22e830732a8b2e56bb0a22105f82ec54 https://www.propertyinvesting.com/topic/4396474-which-bank-io-loans/#post-4605257 Wed, 17 Jun 2009 12:11:21 +0000 What about borrowing 100% of the purchase price, but using equity on the original PPOR as collateral? So as not to pay LMI…. Will any of the major banks come at that?

]]> 51fd66e09c9c5272fa6c6e2be188331a https://www.propertyinvesting.com/topic/4396474-which-bank-io-loans/#post-4605253 Tue, 16 Jun 2009 11:45:03 +0000 Thanks Maree, Will require 80% of the loan…

]]> 289a255d2295238da1b2f7cb4ccbd158 https://www.propertyinvesting.com/topic/4396398-first-home-buyer-finance-structure/#post-4604838 Mon, 08 Jun 2009 07:34:58 +0000 Mr leumy, Would the Bendigo bank provide a 100% offset account on an IO loan with an 80%LVR??

]]> d24aa1c021e33b1c31430d89fd8f07a7 https://www.propertyinvesting.com/topic/4396403-the-next-mortgage/#post-4604877 Mon, 08 Jun 2009 07:13:56 +0000 So you agree to make both loans IO and have an off set account for the new mortgage? And pay the minimum on the Melbourne Property? (Making this an IO loan aswell… )Sorry, I just wanted to Clarify.

]]> 54e311d7183f9f0f74fd695cdc26f319 https://www.propertyinvesting.com/topic/4396401-need-help-at-a-crossroads/#post-4604865 Mon, 08 Jun 2009 01:39:03 +0000 Phlang, I moved from Emerald about 6 months ago due to mining cutbacks. I believe there were up 600 people that lost their Jobs from Emerald around that time (all mining). It may have picked up again and as you say it is quite a diverse town.They have been talking about bunnings for quite some time now – I'm not sure when exactly it will go ahead…[Read more]

]]> 688cd6564e1725d1a16f772f7b09f4a5 https://www.propertyinvesting.com/topic/4396403-the-next-mortgage/#post-4604874 Mon, 08 Jun 2009 01:15:55 +0000 Thanks, I Can  see the benifits of using an offset account linked with an IO loan on both properties. Is this possible with fixed aswell as variable interest rate? It would be alright now @ 5-6%, but what about when they come up again? If I was to keep the IP for say 10 years, would you ever look at paying the principle off?

]]> ae933a6ac3d8bc004ba51169fb36f3d3 https://www.propertyinvesting.com/topic/4396403-the-next-mortgage/#post-4604871 Sun, 07 Jun 2009 21:34:57 +0000 Thank you both for your comments, Unfortunately no I do not qualify for the FHOG as the first property is in my wifes name. (Unless I could get around this  Can someone explain the benifits of using an IO loan? I realise you are paying more tax when you pay the loan down but atleast you are getting somewhere with the property as far as gaining…[Read more]

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