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Cheers Colin, raised this with the bank and the LMI like you said is around the 10k mark - I am rather on board with the idea until.... the bank told me that the difference in interest rate equates to .30% The plus side is I retain equity but the downside is having to pay almost $4000 more...

I thought a lot about LMI last night and in going through my previous postings; I realised a fundamental flaw about my decision making process. I am making decisions on buying an IP as if I was buying a PPOR. Thanks again to Colin for pointing out the very obvious. In addition to limiting...

Very valid and sensible point Colin, thank you for pointing that out. Incurring LMI does however impact on interest rates and whilst all these costs are tax deductible; the flow on effect is probably larger than I can grasp right now. I probably need more time to understand more and to change my...

Thanks Rolf - I consider myself to be risk adverse and I am unlikely to be venturing beyond property investing. Having said that, I never really considered property investments until fairly recently. My future views may change but I am more likely to forgo an "attractive" investment if it...

Good advice Terry. Certainly something to consider. I think that with my loan sizes and overall reluctance to have to manage multiple loans with different banks; I'll probably stick with CBA until I try to buy a third IP. :)

Cheers Redom. If I understand you correctly, I shouldn't need to consider someone else until I hit a brick wall? Loans are separate; 80% pegged to IP, remaining 20% plus purchase costs pegged to PPOR. Banks did tell me that it is a good idea to cross-securitise them both in the one loan :D

Hello everyone, I?ve been a selective reader of the forum for the most part of the past two years and would like to start by saying ?thank you!? to all of those who have been very generous in sharing their knowledge. I have relied mostly on the ?search? function and never really had to...