Home loan Structure

Discussion in 'Loans & Mortgage Brokers' started by rajmalik, 1st Oct, 2010.

Join Australia's most dynamic and respected property investment community
  1. rajmalik

    rajmalik New Member

    Joined:
    1st Jul, 2015
    Posts:
    1
    Location:
    ACT
    Hi,

    I am disappointed with COMM bank on the structure of my existing loan. I am wondering if you people are in the same situation or if any of you have been able structure it in a better way.

    I have PPOR and one IP in Melbourne. I would like to have the IP loan on interest only and PPOR on principal+Interest.

    Currently my IP has about 80K in VLOC
    Rest of the IP loan (200K) is on Variable rate (principal interest)
    Equity on IP which I took to buy my PPOR in ACT is separate (under the same umbrella) is on variable loan (Principal + Interest)

    PPOR is on variable loan (Principal + Interest)

    I will appreciate your valuable suggestions, which will help me make it bit sensible loan structure.

    Cheers
     
    rajmalik, 1st Oct, 2010
    #1
  2. BillV

    BillV Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,555
    Location:
    Sydney
    What you want is not complicated or unusual and the best way to tackle this is by talking directly to your bank.
    call 132224 or go to their website and have an online chat
     
    BillV, 4th Oct, 2010
    #2
Financial Advice – Do you need help