Search results

Great! I understand. Would I be better off obtain the LOC on the PPOR for the largest amount possible (eg. 80% PPOR value - outstanding mortgage amount), or just for the amount needed, assuming that debt serviceability was not an issue? I'm thinking for the future that if we haven't spent...

Hi Rolf, Can you please explain why I would not have to xcoll? I mean, won't the lender _want_ my PPOR as security for the IP because I don't have a deposit for the IP. Or is finance structured in such a way that it alleviates the need for xcoll. eg. On $250K property. LOC of...

I raised this question as a side-issue in another thread, but it seems like a good question to ask. I am in Melbourne. Our house is valued $290K by Council Rates but the house next door is going to Auction soon and their expectation is $350K, so I think that is a reasonable estimate. Our...