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90% or 95% LVR?
From munchies first post. "The LMI for 90% is $4500 and for 95% is $10000" that $10k would be capped so 95% plus lmi so in reality paying $5500 to keep back $16.5k which is half the deposit for the next one and a buffer beforehand. so it means u can buy 3 properties at 95% with the...- Bigtone
- Post #13
- Forum: Property Finance
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90% or 95% LVR?
good luck munchie, the way the market is going u will be at 90% by settlement anyway!- Bigtone
- Post #10
- Forum: Property Finance
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90% or 95% LVR?
Rixter as you know it becomes easier to borrow at 80% when you have other property and can borrow the 26% against another property and 80% against the new one. In this case munchie does not have any other property. Rob I say going 90% and putting in all cash is a bigger risk in terms of...- Bigtone
- Post #7
- Forum: Property Finance