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Hiya PM Nah HUGE difference ! Most INVOLUNTARYdefaults occue because of a 3 to 6 mth loss of income ( though I dont have any "proof" of those numbers). If you buy a place at say 350 k at 80 % lvr and spend al ur cash in doing so, you are quite exposed to loss of income. If you go...

Hiya LMI at 95 % is more likely going to be 1.8 to 3 % of the loan value depending on lender etc 2.5 % of the loan value amortised over the life of the loan isnt a lot of money when you understand that you are transferring BIG risk from yourself to the mortgage insurer. ta rolf

Hard to answer.............. need a lot more soft data, so one can make a risk assessment. Certainly would not put away all the cash into the properties and hld some back ta rolf