I have bought 2 properties off the plan, one maturing in 2003 and the other in 2004 secured by deposit bonds. I would like to finance these at 90% and pay MI if necessary (though would prefer not to). Which banks will lend 90% and will any do so without MI? I can get the 10% deposit plus costs from lines of credit. Does MI get harder to get the more properties you have or do they see you as a safer bet if you have been covering all your loans?
Donna L
Donna L