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  1. R

    Settling my 2nd IP in May : Need opinion on Loan structure

    Hi ROlf, I was told that i stand no chance of doing any other arrangement if i was to avoid paying $10K LMI. If you add the nos it'll tell you my LVR. Wont my IP 2 be secured by IP1 & PPOR but IP1 & PPOR still be independent. I am happy to answer any other questions if you feel that...
  2. R

    Settling my 2nd IP in May : Need opinion on Loan structure

    Mortg Brokers & Finanice experts: Need Opinion Hi There, About to settle my 2nd IP at this end of this month. Going to see the mortgage Manager and sign the papers. The set up they have for me is PPOR Loan = $356K PPOR valuation = $530K Ip1 Loan =$414K IP 1 valuation = $578K IP2...
  3. R

    Settling my 2nd IP in May : Need opinion on Loan structure

    Thanks for your responses . Just after all the possible scenarios i was left with no choice but to go with ANZ to avoid $12000 in LMI My situation before: ( Numbers are illustrative but LVR's are accuarte) I had a PPOR loan of $81.8K with NAB valuation of $100K LVR 81.8% Another $75.9...
  4. R

    Settling my 2nd IP in May : Need opinion on Loan structure

    Hi, I wanted some opinions in relation to my loans. Currently i had 1 PPOR with NAB 1 IP with ANZ and i bought my 2nd IP in Chelsea Melbourne. really excited.... So i went back to ANZ and they advised if i bring over PPOR, my LVR would be 79.69% Phew!!! Avoid LMI and also 0.90...
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