equity

Hi everyone, I'm sure this subject has been dealt with over and over, but my topic has more than one aspect to it. Let me first describe my situation. In January of this year, I bought my first home for $415,000 and borrowed 80% of that from NAB, while having a deposit of $83,000...

I bought an investment property about 8 years ago for $100,000 with 20% down. I refinanced recently so I could pull out equity to purchase additional properties. The property is valued at $300,000 & the bank said they can loan up to 80% of the value ($240,000). I did the refinance expecting to...