After unlocking some equity from PPOR, many elite brokers in this forum mentioned about using IO redraw and LOC. Could anyone please highlight the pros and cons between these two?
Extra question: is LVR 80% is the way to go for 1st IP when using the equity from PPOR? Somehow I read other thread that said 88% LVR is ideal if LMI is involved. I guess this depends in the risk tolerance, yes? Or is it better to stick at 80% so that it wouldn't cause so much issue for in acquiring 2nd IP?
Thanks again for the enlightenment
Extra question: is LVR 80% is the way to go for 1st IP when using the equity from PPOR? Somehow I read other thread that said 88% LVR is ideal if LMI is involved. I guess this depends in the risk tolerance, yes? Or is it better to stick at 80% so that it wouldn't cause so much issue for in acquiring 2nd IP?
Thanks again for the enlightenment