Search results

But, Dragon, what if I have 2 different loans set up against 2 different properties. That is...when I buy the second IP: I will have the cash for the initial deposit and therefore I wouldn't need any extra security or anything related the loan of the first property. Would in this case...

Many thanks for your quick replies! It is very rewarding to get help you quick! Qlds007: Correct me if I'm wrong but If I buy a second property that would be a different loan and therefore I would be putting 2 securities in 2 different loans. So I think that is not the case. Finally...

Hi all, Is it possible to set up a professional package and include more than one security without having them cross collaterised? To be more exact, I'm think of signing for St George pro package for my first IP (I'm actively looking for it now) and then I'd like to buy my second IP in the...

Thanks PT_Bear, that makes more sense (at least for me!) :p by the way, I guess the maximum term fo I.O. is 10 years, so after that I would need to go into P&I... or refinance... right?

I see... but in case they are happy to extend it, would it be considered as a new loan (including the payment of a new LMI)?

One thing... Rolf said in the second post: I'm considering Homeside as my lender so I asked my broker and he told me that after the inital 5 years they would review your personal case and if there's no problem and you still can service the loan, they would extended it for another 5 years...

Thanks Richard/Rolf. Looks like there is no big difference (apart from the numbers) between the big and the small fish, then. Regarding going 95%... I think it is not worth paying that extra LMI right now and looks like since no many lenders offer it, the final product might be more...

Hi, I’ve been saving for a while and now I’d like to start investing in properties. My plan is to ask for a 90% LVR loan for my first property because in this way I should still have some cash remaining for another 90% loan in the near future and be able to get a second property. So, being...