Search results

I'm looking at buying another property at approx $210k & only wish to put in approx 5% + fees as a contribution & figured if I X-Coll against my PPOR I wont need to pay LMI, I have several other mortgages (Less than 80% LVR) for IP's but no credit card & no Line of credit, is there another way I...

When does the lender usually turn the "money tap off", if you have nothing X-ed and your "one" lender decides you are to risky, will other banks lend against your equity in the other properties?

I'm looking to X against a property to assist in my next 2 purchasers & I'm on the ANZ Breakfree package which allows me 3 free valuations a year, I am slightly concerned about X-ing from reading posts on this forum advising against, but I figured if I do X and then either pay down or wait for...

Sorry when the value of the property gives you a clear 20% equity in the property i.e. LVR 80% of the loan against the property including the portion X-coll.

Cant you just un-X by the way of a re-valuation as soon as the value of the property reaches 80% of the combined borrowing amount including the x-coll amount?

Q: Is there any negatives to x'ing if you never intend on selling any of your properties?