Hey do banks look down on giving loans for IP’s if you have only just bought a PPOR?
If the equity and income supports it – then no problems whatsoever!
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Originally posted by Mortgage Hunter:If the equity and income supports it – then no problems whatsoever!
hmmm I doubt there will be equity for a while..
Hey in my position, would you just continue paying down the 25k debt I have whilst paying the new mortgage or would you combine the debt into the mortgage somehow?
If you consolidate the debt you will tie up equity plus you may end up paying down that debt over 25 years and it will cost way more.
What do you wish to do. Buy another place or get rid of the debt.
Remember to always consider these questions after identifying your goal – then the answer is usually obvious.
Cheers,
Simon Macks
Residential and Commercial Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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