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Yeah, that's alot. No doubt Blue Card, you probably feel as I do. What a rip off. Some one is making some good money. Why does the insurance have to be on the entire loan and not just on the 20% deposit. We can insure our buildings for a fraction of the price, which are just as likely...

This is why it's a love hate relationship. I have loads of equity, and plenty of available funds in my LOC's for a rainy day. But I want to keep that there for just that and not have to use it for the next deposit. I'm not about to go broke any time soon. But to access my equity they require I...

Thanks guys. Rolf and Qld007, there was something else that came across as odd to me. I'll have to ask my MB again to make sure I heard him correctly. But he said something about that the banks don't like loan applications where the rental income is greater than your earnings. He said...

All was good a couple of months ago. CBA had changed their criteria as of the first of July. They now take the average gross income over the last two years. Not just the last financial year. Makes it hard to play when they change rules without telling you.

I have a couple of options, so I beleive ? What has been suggested to me is to start a new loc for $100k secured against three ip's with CBA. The total LMI would be approx $3500 with a total of $434,000 borrowings. Then apply for a pre-approval with W.pac for 280k with a low doc also. LMI...

Here we go again, looking for more money from the banks. Sure they say, but it will have to be a low doc. Which means not just insurance on the new loan, but also on the mortgage that I'm using to drew the deposit from. They hit you twice ! This will be the fourth time since 2005. So it...