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Hi thanks for the info very helpful until yesterday in my ignorance i hadnt heard of cross collaterised loans. I expected when i bought this place that it would be secured against my present home I didnt think there was any other way to borrow more then 100% of the cost. I have done some...

Im new to this and struggling a bit to understand some basics. Ive looked around but cant find a definitive answer on LVR I thought you had to have a lvr of of 80% to avoid LMI so how do the banks calculate your LVR all debts against / value of assets. My home is valued at 450k loan of...