I have a variable loan,interest only with a bank for $200,000, value of property is a lot higher. I want to borrow money for:
underground power $1000/year over next 4 years due with rates
carport (possibly build within the next year or may not bother) $5000
new fence/gates $3000 - $5000?
What would be the best type of loan to take out? Would I have to take out a whole new loan for all amounts or just additional to be able to claim interest?
underground power $1000/year over next 4 years due with rates
carport (possibly build within the next year or may not bother) $5000
new fence/gates $3000 - $5000?
What would be the best type of loan to take out? Would I have to take out a whole new loan for all amounts or just additional to be able to claim interest?