So I've been looking around to at margin loans to take advantage of some dividend momentum strategies currently doing greatly with CFD's in which the only downside is if I was to hold for the dividend I do not receive the franking credits. Thus looking for actual ownership. Only thing is LOC's are much better interest rates and no margin calls!, yet, being in my young 20's don't have the ability to actually draw from a mortgage.
Does anyone know, if parents willing I can get the LOC from their mortgage (95% paid off) but in my name and interest payments oaid by me? (and thus tax deductibility)