Think CBA is also one of the cheaper ones for LMI as well. so if you have to go into LMI territory, they would be the best option to go for. and definitely dont cross collateralise if you have to go into LMI
I would agree to not mix your savings with the equity release. Keeping the funds in the redraw is best as you are reducing your interest repayments on it until you need to use it. A line of credit although convenient is a higher interest rate. Unless you want to use it as a revolving facility it...
Wow, Stay away from LMI but if already paid then pro rata could be applicable.
Looks like you have some more equity to use on the IPs which is fantastic. I would not recommend a cross. keep them separate and pull equity while limiting lmi costs as much as possible.
Just thought i'd...
because its mind boggling that people like this still exist in this part of the world! I'm lucky to have had strong women as examples in my life and a partner who is proud of my strength and inspires me to be more. not everyone is that lucky:)
I'm in WA and would be happy to help if you havent found someone already. I'm new to the forum but here is my linkedin profile http://lnkd.in/bXj3RA9. I'm in the middle of negotiating a joint venture with a real estate office so that's why my current post is a little vague. Still working though...