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Rolph, Excellent information, this was the missing piece of the puzzle I needed to see my investment future. I think I will amend my evil ways & implement a non-collatoralised structure for the future.

Rolph, ppor LOC $121,000, Value $185,000 IP IO $147,000, Value $147,000 Proposed 2nd IP IO $190000, Value $180,000. or am I heading into troubled waters..........:confused:

Currently both existing properties are with Bankwest.

Rolph, The new loan would be below $200k, would be IO & the total LVR between 87-89%. I thought the maximum LVR was 90%, yet you mention 95%. I understand that the LVR on this 3rd loan would be greater than 90% but the total LVR of all my properties is in the above range. Am I cross...

I have my PPOR & 1 IP and am keen to get a 2nd IP, however my LVR is approaching 90%. Is mortgage insurance calulated on a sliding scale & does anyone have this info so I can determine the damage. Also should I wait till my LVR is below 80% (avoiding Mortgage Insurance) or is this just a...