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Discussion in 'Real Estate' started by rajmalik, 1st Oct, 2010.

  1. rajmalik

    rajmalik New Member

    Joined:
    1st Oct, 2010
    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
     
  2. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    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