Hello!
I'm having a look around for my 2nd IP atm and am not to sure if I need to inject any of my own cash.
My 1st IP
Loan amount - $307,000
Value - $440,000
Available equity - ???
If I wanted to purchase a place for around the $400,000 mark would I need to inject any of my own cash to avoid LMI? If so how much?
Thanks!
Oh let me know if you need any more info
I'm having a look around for my 2nd IP atm and am not to sure if I need to inject any of my own cash.
My 1st IP
Loan amount - $307,000
Value - $440,000
Available equity - ???
If I wanted to purchase a place for around the $400,000 mark would I need to inject any of my own cash to avoid LMI? If so how much?
Thanks!
Oh let me know if you need any more info