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westsubshuttles

  • westsubshuttles replied to the topic Redraw conflicting advice in the forum Finance 9 years, 6 months ago

    Hi Benny ,You are correct the setup for refinance will be 3 separate loans not x colled.
    Existing IP loan 100k
    Topup loan against existing 100k
    New ppor loan 400k
    All loans i/o and offset against ppor

    The existing IP loan has 50k in redraw . So i have a choice of payout 100k (consolidate redraw) or 150k ( and use redraw money for investment…[Read more]

  • westsubshuttles started the topic Redraw conflicting advice in the forum Finance 9 years, 6 months ago

    Hi My banker and mortgage broker say that consolidating a redraw when refinancing does not contaminate the original loan.
    Another MB says it contaminates.

    Situation is IP worth 350k.
    Mortgage owing 150k.
    Redraw 50k.
    Want to refinance to buy ppor, keeping IP . Banker and first mb say consolidate redraw, so refinance 100k.
    Second mb says that will…[Read more]

  • westsubshuttles‘s profile was updated 9 years, 6 months ago

westsubshuttles

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