Search results

Thanks Michael. It's amazing what banks can do when you apply a bit of pressure! Managed to get the the loan proceeds (equity) credited into my account with a new loan set up for the additional amount 1 day after visiting my lender! The thing is, they money was credited into my savings...

Thanks for the replies guys, and thank you Mick C for the detailed response. I guess I knew the answer, just lacked the conviction to actually commit to that option as for some reason for a while I've just thought of using the cash money for deposit (and utilise LMI waiver where possible)...

Hi all I'm about to exchange on my 2nd IP for ~$500k and I'm having a think about the best way to finance this. For this deal, I can get a 90% LMI waiver from my lender (Lender B) so can borrow up to 90% LVR and can either: 1) Pay the 10% deposit + purchase costs with CASH (approx...