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  1. V

    LMI and Tax deduction

    Lmi Hi all Very interesting.....i am leaning towards Bank West atm but will lean more towards CBA if the LMI differential is big...my purchase price is only 250K and am borrowing 90%.... cheers
  2. V

    LMI and Tax deduction

    Lmi Hiya Thanks for the prompt replies; my mistake, just realise it is a redraw account which means when i take out 10% deposit,my PPOR loan will go up; however is it just a matter of printing out bank statement when that happens, keep it and show to accountant for interest deductibility...
  3. V

    LMI and Tax deduction

    Hiya Am in the midst of organising finance for my 2nd IP. Would like to borrow 90% on a property price of 250K Questions: 1)Have approached Bank West and Commonwealth and ANZ. Their LMI came to $6000, $2400 and $3400 respectively. PLEASE EXPLAIN! 2)Am going to cough out 10% from...
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