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Thanks people! It was a mistake, missed by the bank's lawyers and my conveyancer. Lucky for me I read things... :cool:

Hi all, I'm a newbie to this forum and to investing. Purchased my first IP a month ago and received the loan contract today. We're borrowing $310k for a property we purchased for $280k and we're using our main residence as security so at this stage I'm a small time player. My question is...