Search results

Thanks Tobe, So they are more comfortable with my intent being to blow the cash...rather than re-invest it....wow... thanks for the tips, Nath

So assuming we get a reval that makes it worthwhile....would we just pay LMI on the second mortgage portion....as we have already paid LMI to go to 90% for the first mortgage? If serviceability is non issue....can we then use these extra funds for anything we want ie deposit for another IP...

So.....does the option above not exist with CBA? Cheers Nath

Okay i get it :) Back in 2005 we had an 80% LVR loan secured against a property with ANZ. We then added what they called then a "supplementary loan" secured against the same property...leaving the original loan under 80%...but the "second" mortgage took the lvr in total up to 90%. So we...

Sorry Rolf, What do you mean by cash out? may be a dumbe question :) Nath

Thanks Guys, It's 90% LVR....it would only be a worthwhile exercise if the val came in 60-70k higher than purchase price. Which with comparables is not unrealistic. So maybe give it 6 months an then give it a crack...if the valuer is the biggest hurdle? Nath

Question for brokers experienced with CBA. We settled a place 2nd July, and by all market comparisons got a pretty good deal. How long do I need to wait with CBA to refinance and potentially pull some equity out to reinvest? 6 months, 12 months? Cheers, Nath