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Yeah, one of the Mortgage Innovations people...this is where they steer CBA staff for staff loans...he has worked hard for me so far and I've been happy but with the existing two purchases, and process to unlock equity I always intended to use CBA so wasnt looking elsewhere, nor did I have the...

Hey Rolf...fair comment and I don't intend in any way to catch out my existing broker... I will however pose to him the same 'general' questions in terms of what impact the third purchase may have when using cba...as he is a cba broker it will be interesting to see whether he provides all the...

Hey Guys, Thought I would provide a quick update on this one. So, property number 2 is coming up for settlement in a few weeks and I've decided to go with CBA and aim for 90-95% LVR. I'll be having a convo with my broker later this week on what is the best strategy for the approval whilst...

Thanks Brady, so total lending above 1Mill and under 90% can be done through CBA banking professionals package without CBA involving Genworth? I'm pretty sure I can actually work the numbers to put myself in this position when settling the third property so this is good to know if I decide to...

Thanks Rolf...If my total LVR is below 80%, but I am going above 1mill lend with CBA does Genworth even come into the equation or do they only get involved with overall LVR above 80%

Thanks Jamie, That makes sense re Genworth. In this scenario, regardless of whether I settled both properties with CBA, or just the Rozelle property, I would then be over the 1M lend with CBA anyways. This is good to know though! So: Existing property with CBA = 470k lend @ 85%...

So...as it's still on a DHA lease for another 3 years the local agents have all quoted sale price around 850-900k as only an investor can purchase it and the yield etc isnt that great at 900k so there was very little interest. All agents that reviewed it came back saying if it was not currently...

Thanks Jamie - This is good clear info. I actually don't think I would have any dramas getting both approved from a servicability perspective. My current property is at 85%, and I could settle blacktown at 90%, so if I was then to go ahead with Rozelle and could pick it up at 80 or 85% my...

Thanks Terry...so you are suggesting buying at Market val and then have the parents funnel that 200k back to me afterwards? I can see extra stamp duty costs, potential lmi costs and I may not be able to stretch my lending beyond 950K so I could be pushing the boundaries with that approach. I do...

Hi Guys, I'm keen for peoples thoughts on how best to proceed with finance on my next 2 purchases. FYI - I work for one of the big 4 (In IT, not finance or banking) and as such don't pay loan setup costs, receive a significant discount on interest rate and generally don't need to pay LMI...