With the interest rates rising for house loans, why can't we use our superannuation funds to he
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I was just thinking about this today and thought it might be a good idea so that people can use to make their home loans smaller and have them paid off much quicker. I think only for people with one house and owner/occupied.
Your thoughts.
With the interest rates rising for house loans, why can't we use our superannuation funds to help out?A good idea. The Singaporeans do exactly that. We can't do it because our legislation says no.
Try to convince your local member.
With the interest rates rising for house loans, why can't we use our superannuation funds to help out?You must be Australian. We don't have that in the US.
With the interest rates rising for house loans, why can't we use our superannuation funds to help out?its a good idea in theory...... but it leaves it open for abuse, homeowners who will use their home loan to withdraw funds and spend it on other items e.g. new car, Wide Screen LCD's etc, this will defy the purpose of having a Superfund
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