Search results

Hey Marty, just trying to understand: would this mean Westpac is now one of the preferred early IP loan aims then rather than later in the strategy? I've been quoted as between Adelaide and Westpac for first IP at 90+LMI, <500,000 loan. I'm not sure whether there is still a set of first-up...

Thanks! It still sounds like its better to take the aggressive strategy risk and go to 90% (if possible!) straight off (keeps money in pocket), reno using the saved funds, then either extract equity if still possible, or wait for life to change and CG and extract to 80%. Keep IO of course...

Can you explain a bit more please? I'm just starting on the journey, and was planning to - in the next 2-3 weeks buy a 400k property IO, 90% LVR, renovate, revalue back up to 90% after a year or so, and loop again. Given the changes in lending, is this now a bad plan? Or is it possibly a...