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Thanks guys , I am in touch with Shahin & he has been very helpful. But it seems my situation is becoming more tricky. I dont think I can get any top up from CBA as I recently picked up a contract via my ACN and CBA wont service my top up request. I am thinking of selling my existing PPOR...

Left a msg for him . And told my existing broker to cancel valuation even though he said its free and suggested me to do it.

Sounds good , If Shahin does not mind I would really like to get his opinion my situation.

Hmm.. I am not getting a good vibe about my broker here.. but thanks again Shahin. Another option I was thinking was borrowing 45Ks from wifey business and repaying her in next 6-12 months. That shall help with new loan.

Make sense.

Yes , Broker is suggesting to get both loans from BW.

Just curious Jamie , Why to have top up loan as 2nd loan with CBA , why not top up existing one ?

Thanks Shahin and Jamie . Make sense what you guys are saying , Broker has already requested BW to do a valuation so I am expecting this to happen in next 2-3 days.

That's the thing , I don't have any cash sitting with me for new property.

1. What is the value of the existing property? $400,000 2. What is the loan against it? $315,000

Hi Jamie , 1. Equity - Approx sale price in mkt atm , Current loan amt - $315,000 , Property value - $400,000 2. CBA 3. Yes , I did when got the loan 6 years ago.

Thanks Cotey, I did not thought of this. - I think it was 91% LVR Thanks Shahin . 1. I will keep that in mind. 2. Pardon my lack of knowledge , what do you mean by that in simple terms ? 3. Yes , I did paid LMI when we got it . Its with CBA.

Hi guys, Just stumbled across this forum and what a good place this is. I need some help\advise with following scenario ; We will complete 6 years in our residential property and with family growing we have decided to jump in mkt and buy a new one and rent this one out. I will be...