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Thanks again, it certainly is a steep learning curve, lol.

Thanks Y man, that does make sense. Is it compulsory to have a reval/refinance? We will only be wanting enough of a deposit for an approx 300k property, ie 30k or 60k based on 90% lvr or 80% lvr + costs.. Thanks again.

Isn't available equity based on 80% of value of property?? So if value is 600k 80% of that is 480k we owe about 180k So thats 300k. Is that how its worked out:confused:, lol, or de we have 420k in equity, hehe i'm confused:p Cheers Jas.

Hmm...As i said in my 1st post, we did not want our PPOR used as security against PI. And again... as i said in my 1st post, we wanted to access our equity as a deposit for PI. Am i missing something?

We thought we had an understanding with the MB early on that NO.2(as you have it) was the way we were going to go, and then that call yesterday!!:confused: The main issue is, that he told us yesterday that we HAVE to use the same lender for the PI as for the PPOR. This is either a lie so he can...

Thanks! Might just give Steve a call....:D

Doesn't $300k in equity equal "withdraw cash from you're PPOR :confused:

Our situation. PPOR, $600k Owe, $190k Available equity, $300k Ready to purchase 1st PI, so off to finance broker. Our home loan is with the NAB, we told the broker from the start we didnt want our PPOR secured against PI, just use the equity in PPOR as a deposit. Broker finds us a good...