Search results

Oh well, if someone is in his 20s and smart enough to do his own tax returns, doesn't need lawyers and 'knows' that he will never, ever buy another property in his life for the next 50+ years, who are we to question his confidence? For other newer people who might not be as supremely confident...

You're not exactly the best judge of what's a waste of money or not when it comes to property. If you don't see this by now..... put down your blinkers for one moment and at least approach this with an open mind. But you didn't understand what he said, or didn't understand what it means to...

To be honest, you don't have the knowledge to deal with the CBA banker, since you don't actually know what you want. I doubt you'll learn it all in one night. They're going to stitch you with because they know more than you do. The long settlement works for you here. You have lots of time to...

LMI is Lenders Mortgage Insurance. Usually when you borrow more than 80% of the value of a property (assuming the loan is secured solely against the property), banks require you to pay insurance. The fact that you are borrowing more than 80% (600k / 715k) but you haven't mentioned LMI (which...

I don't agree. If it's redrawn from the loan, it's a new borrowing. Used to purchase an IP, it's deductible.

Aaron, how do you infer that it's cross col? Because it's 85% LVR, doesn't require a val and there's no mention of LMI (which for this size loan should be big enough to send the OP's head spinning 360 degrees)? Or just because you know that's how CBA operates?