Hi All,
I am currently making the decision to purchase either 1 or 2 additional IP's after recently revaluing my first IP.
My question is if I were to purchase 2 IP's where my LVR would need to be stretched to 95%, which lenders would be able to accommodate this while still offering a competitive rate along with the desired bells and whistles (Offset, redraw etc).
The purchase price of the new properties would be circa $220k each, with the loans totalling around $200k. Could anyone provide an estimate of the LMI for this type of loan?
Cheers,
CAFDS
I am currently making the decision to purchase either 1 or 2 additional IP's after recently revaluing my first IP.
My question is if I were to purchase 2 IP's where my LVR would need to be stretched to 95%, which lenders would be able to accommodate this while still offering a competitive rate along with the desired bells and whistles (Offset, redraw etc).
The purchase price of the new properties would be circa $220k each, with the loans totalling around $200k. Could anyone provide an estimate of the LMI for this type of loan?
Cheers,
CAFDS