Hiya
Just curious to know in the last 30 years during which some years there were property values falling, whether there had been any "margin calls" on your property (investment property or PPOR)?
Ie where for eg. your LVR was 90% or higher and subsequently your valuation dropped and the bank asks you to top up the difference?
If it had happened to you, can you care to share the experience?
Reason for asking, is i may be buying a few more IPs and i'll like to calculate my SANSF?
Just curious to know in the last 30 years during which some years there were property values falling, whether there had been any "margin calls" on your property (investment property or PPOR)?
Ie where for eg. your LVR was 90% or higher and subsequently your valuation dropped and the bank asks you to top up the difference?
If it had happened to you, can you care to share the experience?
Reason for asking, is i may be buying a few more IPs and i'll like to calculate my SANSF?