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Basically what I'm hoping for and think it's a chance it will go...

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Hittman

3,747 Posts.

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28/01/23

16:18

Post #: 65924977
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Originally posted by sholtz ↑

Looks like the TBC will move to $1.9m from next FY, who knows what it will be by the time you move into pension phase.

If by then you are getting the returns you hope to get and the increase in the total balance then you should be right. If you can stump up 50% or so on the deposit and your pension (4% of $1.9 is $76k) can cover repayments and living expenses with ease then I reckon you wouldn’t have an issue getting the loan. It’s all about risk for the banks so if substantial equity is in the home and proven ability to service the debt then should be a no brainer.

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Basically what I'm hoping for and think it's a chance it will go that way. Never know with banks though.
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