Thanks for the info Terry. Certainly a lot to think about as you say!
I was not aware of this but I will definitely keep it in mind. Cheers!
Ok that's good to know.
So would the lenders only consider the entire mortgage when looking at the serviceability of the new loan?
If we all...
Due to a growing family my wife and I are planning to sell our existing house and pool our funds together with my mother-in-law to upgrade to a new PPOR for us all to live together in.
Once moved in my wife and I are keen to look at purchasing our first IP (separate from...