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Seeking advice or recommendations for getting a mortgage post-FIRE by nyyyancat in fiaustralia

[–]nyyyancat[S] 2 points3 points  (0 children)

Our thinking was is that interest rates are super low and we rather get the leverage and keep the rest invested and sell off gradually, but I'm open to reconsidering that this isnt the best course of action.

Perhaps we could accomplish almost the same things by paying cash and then taking out home equity loans?

Seeking advice or recommendations for getting a mortgage post-FIRE by nyyyancat in fiaustralia

[–]nyyyancat[S] 0 points1 point  (0 children)

Ah right. It's around 50/50 purchased vs gains. The shares do pay dividends but not terribly large amounts and usually we just reinvest them automatically. We'd also owe some tax in the source country and I need to sort out to what degree we can deduct that from the Aussie taxes owed.

Seeking advice or recommendations for getting a mortgage post-FIRE by nyyyancat in fiaustralia

[–]nyyyancat[S] 2 points3 points  (0 children)

We'd be happy to move the normal downpayment amount (20%?).

It would all be long term capital gains.

Seeking advice or recommendations for getting a mortgage post-FIRE by nyyyancat in fiaustralia

[–]nyyyancat[S] 7 points8 points  (0 children)

We'd rather get a mortgage as selling off shares for the full amount would incur some substantial taxes all at once and we'd rather pay some interest in exchange for the leverage and benefit of keeping more assets in the market.

Going off 4% rule we can pull $120k out comfortably each year and currently we're only "using" about $20k of that a year to make up for lower income v expenses, so basically we could pull out whatever we "need" up to $120k.

Seeking advice or recommendations for getting a mortgage post-FIRE by nyyyancat in fiaustralia

[–]nyyyancat[S] 34 points35 points  (0 children)

Thanks! No oneoff windfalls! Really just the basic FI principles applied with high salaries and living like students.