Search results

You get rich :) Seriously, how do you mean what happens ? I assume you mean the next IP As time progresses hopefully your PPOR is now worth a bit more, and the new IP is worth a bit more. So you top up the LOC on the PPOR, and create a new one on IP 2 and away you go again...

Assurances and verifications are always good. legally, and in reality, you can usually only rely on the here and now, remember that with ANY lender........................you are only as good as your last repayment. I dont care what people think of their bank or CU or BS, the loyalty will...

Nah, I think no LMI, coz crossed the LVR prob 50 % or so, hence why the lenders educate some brokers to get "maximum contribution" in the guise of convenience or simplicity. The concept of max security for your risk isnt new, and in general lenders will "try it on" whenever possible. ta rolf

Smells like you will be cross collateralised. Easy for the broker for sure, but right for you ??? Possibly not, actually very verly likely not. Id suggest you seek a second opinion on the structure ta rolf

Hiya DC The lower risk version is 1. Get the maximum reasoable loc or combo equity loan with offset secured against the PPOR. park spare cash in the offset 2. If you are very concerned with lender risk, get IP with an 80 % lend secured only to the new IP, with a diff lender. If lender...