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Ah no worries, another broker acronym to add to my list.

Thanks Colin. What's an AIP?

That's definitely something to keep in mind!

No luck involved! ;) No, there has been a bit of dumb luck along the way. Ah that's right, if you pay LMI you're kinda stuck with that lender or it's wasted. Yeah, trying to decide the best way to go, pay LMI and add it to the loan over 5 years or keep using 20% - or a combination with...

Well spotted Jamie, IP1 loan is under $250k. We started small :)

Sounds like a good plan. Do I pay for valuations with different lenders? Planning is restricted by how much we have tied up in IP1 and 2 at the moment, but if we can get an approximate idea of how much we can get out to use on the next one(s) that would be really good. Would like to start...

1. Buy IP3. In an ideal world, would refinance/restructure to get back some of both deposits and try to fund IP3 AND IP4. But still not sure how it all works :) 2. We do have equity in IP1, just a matter of getting a realistic valuation. 3. Partner started a new job about a month ago (3...

Thanks for the reply Redom. I've spoken to St George on the phone a few times, they wouldn't reduce the rate. It's supposed to be variable, but hasn't gone down. Not feeling any loyalty towards them, quite happy to refinance with someone else if it's more flexible.

Hi guys, I had a similar question to JT87 in '80% LVR to 90% + 1 IP', thought about posting my question there but didn't want to hijack the thread and make it messy. We bought IP1 with 20% deposit through St George, variable at 5.29%. Really didn't know what we were doing, but bought at a...