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Do you think the banks care? They are just abiding by regulations. Think about it. Interest paid on term deposit < rate on mortgage. Yeh keep it there long term, the bank wins either way. Also interest on term deposit is not paid out to you. So you might have difficulty servicing the loan...

You can only substitute with cash for the short term. depends which assessor you get. You will need to tell them you intend to substitute with another property in the short term. Sounds like Lmi is involved, in which case it would need to go through their mortgage insurance department if...