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  1. josko

    Can you use equity for a deposit for an IP without injecting your own cash?

    Hi devo, It depends how your loans are structured. If the security in question has an LVR of 95% then yes, you would pay LMI. Regards JO
  2. josko

    Can you use equity for a deposit for an IP without injecting your own cash?

    If you really want to buy another property, pay the LMI. Most investors here realise the cost of LMI is a means to an end. There are ways around keeping the LMI down and depending on how your loans are structured, you could possibly save $1000's. Please, research Cross-Collateralisation...
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