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It needs to be controlled funds...can not be cash out if you want us to pay or waive the LMI at 90%. Controlled funds = purpose need to be stated and proven....so if used to renovate need quote and funds will be paid directly to builders etc... if used for new purchase, need signed sale...

correct me if im wrong. ?? so your trying to take out $900k equity from your IP to pay down a PPOR???? hope you spoke to your accountant...

Yes for - Engineers - Natural resource service providers - Medical ( including nurse and support staff now) - Valuers - Tax accountant - Accountants - Financial planners - Lawyers/ Legal support staff - Real estate ^Min income level etc applies.

+ stamp duty. Variable rate 4.95% Fixed 4.59% 1-2 years Fixed 4.69% - 3 years

Nobody stays with one bank for the full 30 years....it's rare to see the new loans stay for more than 5-6 year let alone the 1 decade mark...esp First home buyers... - Refinance after 3-5 years for a better rate or equity or better deal overall - Refinance as your situation might have...

EVen better :p

I presumed you refinanced at 80% + most likely for their low fixed rate... The issue with ING is poor cash out policy above 80% + most importantly their serviceability is one of the worst ; so even if you have equity you might not be able to take anything out ( Serviceability becomes a problem...

Agree....but not everyone wants to be an aggressive "investor" as such...so yep good for your set and forget First home buyers whos not going to buy again for a good 3-4 years or buyers whos looking to buy only 1-2 properties over a 5-7+ period. ING didn't set out to pick up all the 90%...

Already got 2 x 88% loan lined up ready to go tomorrow morning hahah :) But yea ING is a terrible "serviceability " lender...so good to use early up ie first 1-2 loans.