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Good tip. Thanks Marty

295k/400k LMI paid at 88% - Can draw out $40-45k with a fee of $1400. Anymore shoots up to ~$2k+ 365k/410k LMI paid at 88% - Can draw out $7k with a fee of $585. $8k shoots up to $1.5k All the premiums have supposedly gone up for LMI so I'm having to pay big fees if I'm looking to draw out...

Great thanks, thought the options were limited.

Hi Marty and Pete. PP $395k LVR: targeting about 86% as that's where the LMI drops to a reasonable level ~$4k Current equity: ~$50k LMI free. Additional LMI required for anything above $50k Cash investment: Balance necessary ~$20k Are these the figures you are referring too Marty...

Hi There, I have just put pen to paper on my 3rd IP. I plan on funding my initial deposit through equity from my first two homes. Is there a simple answer to how should I structure my loans now. I will need to use equity from both properties and therefore 'top up' each loan. Is it worth...