Search results

LMI isn't so bad is it? I paid it on my PPOR I think it was about $4k? The increase in value over 18 months has been way worth getting in at the time I wanted, which I wouldn't have been able to do without a 95% LVR loan and LMI. So I can still use that $80k then? Another question, if it's...

Does this mean I don't have any equity to access?

Thanks for all the help guys you are awesome! Looks like I will call my broker at ANZ and negotiate a better rate for the $400K. I'm still a bit hazy on how equity is actually accessed on my PPOR. Let's say I got the green light on $80K in usable equity. How does this work? Would it be...

Hi, I bought a PPOR back in 2013 and have my mortgage with ANZ. I currently owe $400K on it and my interest rate is approx 5.2% ($100K variable and $300K fixed). I had a re-val done in December 2014 and it came back at $500K, meaning I have $100K equity ($80K usable). Anyway, I have...