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Hiya Ok here is some issues you may want to think about. Bankwest is a great lender with some really nice products. They use one single mortgage insurer. That insurer will go to a maximimum of 500 000 in Brisbane at 90 %. So you are ok to this deal but what ya gonna do for the next one...

Hiya May we please use your situation as a teaching template ? I dont need any information about who you are or income etc , but would need individual loan and property values ? Ta rolf

Hi Quicken Certainly looks to me like youre going down the elastic path, cross collateralisation. Who is the lender ? ta Rolf

Hiya Quicken Hmmmmmmm, yes LMI is calculated on a sliding scale but has many variables. The actual amount of the loan Is it below 300 k btwn 300 and 500 or over 500 Is it P&I or Interest Only Is it for new or established property. etc Generally at 90 % expect to pay 1.5 ish % of the...