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Hi Kim, I went with HSBC. My work does my banking with them so I dont pay any fees through the life of the loan, except for valuation when refinancing :) When i brought my house the bank valued it at $385,000. The purchase price was $340,000 but because the valuation was $385k it allowed...

I dont think thats true at all I brought my 1st IP in Feb 09 for $340,000 yielding over 6.5% straight away without any improvements on a $50,000 wage. Had it valued last week by my bank for $427,000 after a minor $5000 reno. Taking out the equity and buying another 1 in the next couple of...