Finance and Lending

Welcome to Finance and Lending. Talk loans, lenders, brokers and structures, and share what worked for you. Good posts here: borrowing power, offset and redraw, fixed and variable, refinancing, and...

Hannah B. · 3 Sep

Interesting interview: abc.net.au He says it hangs on the next inflation numbers. Is anyone holding off on a purchase until then?

Daniel K. · 3 Oct · 3 replies · Last reply 3 Oct · abc.net.au

With the Reserve Bank raising again and warning there could be more (theguardian.com), I'm rethinking my buffer. I hold six months of all repayments in offset. Is that enough with two properties?

Sarah M. · 30 Sep · 6 replies · Last reply 1 Oct · theguardian.com

Our broker suggested interest only on the investment loan and paying down the home loan as fast as we can. Is that still the usual setup? Edit: thanks everyone. Booked a call with our accountant...

Priya S. · 25 Sep · 4 replies · Last reply 26 Sep

Quoted around 9k in LMI to buy at 90 percent instead of waiting a year for 20 percent. Has paying LMI worked out for you?

Ben C. · 19 Sep · 6 replies · Last reply 21 Sep

My bank gave me a decent rate on the first loan. For the second, is a broker worth it, or do I just go back to the same bank?

Jess T. · 14 Sep · 5 replies · Last reply 16 Sep

My accountant says to keep savings in an offset, not as extra repayments with redraw. Can someone explain why it matters for an investment?

Ahmed H. · 8 Sep · 7 replies · Last reply 11 Sep