25 Jul Serviceability

Serviceability If your serviceability was okay they’d try to do as maximal amount of lending as they could in this particular property. Do a 95% loan or around that, therefore minimising the amount that comes out of your line of credit. Therefore by doing that, it...

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18 Jul And you lose your tax deductions?

And you lose your tax deductions? You lose your tax deductions and if you pay any debt off it’s actually on a pro rata basis and it’s a real misery. Keep your investment debt and your owner occupied debt separate. What you would do here normally is...

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11 Jul The split

The split Say you have your $500,000 house, and want to buy a $330,000 property, what are you going to do? The maximum lending you will get will be 80% which is $400,000. What you would do is set up a line of credit with a split...

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04 Jul A Sad Reality

A Sad Reality The larger banks decide for instance as in the case of one of my clients, that they no longer wanted to have loans extended to roadhouses or service stations in Central Queensland. Consequently, all service stations in the region that were banking with...

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