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20%, 10% or 5% Deposit?
No not really. See you have x amount of equity to play with and your strategy is to purchase a few properties or even one property and develop it. So do you use all your deposit/equity and bring the LVR to 80% or do you go to 95% and have more deposit to "play" and the LMI is tax deductible for...- Shahin_Afarin
- Post #25
- Forum: Property Finance
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20%, 10% or 5% Deposit?
I will give the broker the benefit of the doubt - perhaps there is a policy reason for the switch that meet your longer terms objectives. If not then Aaron put it well in the above comment.- Shahin_Afarin
- Post #22
- Forum: Property Finance
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20%, 10% or 5% Deposit?
Why did they suggest this? What benefit do you have in giving up $10k in funds and refinancing?- Shahin_Afarin
- Post #21
- Forum: Property Finance