Yep - that allows enough for a 12% deposit plus costs.
Lots of banks are reducing their IP loans to 90% (which is pretty much 88% + LMI added on top).
88% is generally the sweet spot for LMI too (it's less costly compared to 90%) and credit scoring is usually less harsh as well.
Cheers...
Hi Tyrone
It all comes down to your strategy and risk tolerance.
If you're looking to buy multiple properties quickly - then you'll need to go down the smaller deposit route. You'll be up for some LMI but that's not the end of the world - it enables you to buy more with less.
Having...
