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 Refinancing your property for cash, and credit consolidation

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e-lite
post Dec 30 2018, 03:58 PM

On my way
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692 posts

Joined: Oct 2006


QUOTE(nakedtruth @ Dec 28 2018, 04:39 PM)
What info you need? I approached tiger bank mortgage consultant for refinance. She asked me reason for refinance. I told her is to offset the rental income since it is fully settled then i need to declare full rental income.
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You cannot use refinanced property's bank interest to offset rental income. Speak to a certified tax consultant or accountant

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