Search results

A lot of people don't like borrowing against their PPOR but I think if you step back and see the numbers - it would definitely make sense using the equity (and leveraging) against the PPOR to fund the new purchase. I would also throw out there whether its best to use 20% deposit and forgo...

Ok why not do an equity release against either PPOR and use it as the deposit instead for the new purchase (without cross securitising) instead of using your own cash? Re borrowing capacity - you can easily go $800k using more generous lenders like Macquarie, NAB and AMP but whether you...

Be careful not to apply to multiple lenders as you run the risk of frying your credit file. Couple of ?'s: 1. Who is the current lender? 2. What is the proposed rental income from the 2nd IP? 3. Are you married and have dependents? 4. Where is the deposit coming from for the new IP...