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Reply: 1.2.1 From: Rolf Latham Hi Travis If you place is worth 200 and you have a 148 k mortgage then: Refinance to 90 % lend = 180 k - 148 to pay out exist loan plus say 5 k in Mortgage insurance and costs, leaves 27 000. A 200 k IP with a 95 % lend would be 10 000 in deposit, leaving a...

Reply: 1 From: Rolf Latham Hi Travis Get out from the bank and find someone that knows lending. Sounds really dumb, but most bankies cant work on the concept of refinancing your home to a 90 % lend and then using a 95 % loan to purchase the IP. If your serviceability is good and own or...