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For that price range the valuation could be approx $1,000. You don't pay this in resi lending. App fee is also anywhere between 0.5% to 1.00% depending on the lender, structure, etc. Again its minimal with resi lending. I actually like CIP's but need to be aware of the fees and a shrink...

Legal fees would be the same - its the bank fees (including valuation fee, application fee, etc) that will hurt you more.

You lost me here bro.

CIP's are great but you will need plenty of cash to cover: 1. GST 2. Valuation Fee (not cheap but around the $1k-$2k depending on the security type) 3. Application Fee 4. Stamping 5. 30% plus deposit (may need more again depending on the security type) Also note that most lenders will...