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  1. JP888

    IP2 Purchase - Cash Buffer vs LMI??

    As Brady mentioned, it's a Professional waiver up to 90% LVR with no LMI.
  2. JP888

    IP2 Purchase - Cash Buffer vs LMI??

    Hi Brady Cash buffer is $105k pre any pay down. Saving approx $20-30k a year (post purchase). I'd like to continue accumulating in the next 1-5 yrs but that obviously depends on growth and cash flows/buffers, etc. That's why I'm wondering if it is common to take on greater LVR's and LMI's to...
  3. JP888

    IP2 Purchase - Cash Buffer vs LMI??

    Hi Jamie I'd like to keep a minimum of $50k buffer, so Option 1 would place me right on that.
  4. JP888

    IP2 Purchase - Cash Buffer vs LMI??

    Hi All I'm currently organising finance for my 2nd IP purchase. Budget is $450k - $500k. I'm using equity for my deposit, but to do so, am paying my PPOR mortgage down using cash buffer funds from my offset account. I've narrowed it down to a couple of lenders with the help of my broker...
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