Search results

Yikes! Which lender is this? The loans may have had LMI on them originally, but from what you've mentioned previously, you're only looking at a 70% LVR at this point: Total loans: $276k Loan 2: $55k being moved from property 1 to property 2. Loan 3: $221k already secured to property 2...

Do a security substitution on loan 2 to change it to property 2 as the security. The loan probably has a 'portability' feature which allows you to do this. It should be a reasonably easy process, contact the lender to ask them for the paperwork.