i've got 2 properties on my name (1 PPOR and 1 investment) and 1 more 50% equity with a friend. all my loans are with CBA, all up close to 1 million. on my recent prep-approval application to buy another investment property, CBA referred my case to genworth because of my 1 million portfolio. i'm trying to argue my point through the mortgage broker to consider my wife's income for serviceability, but genworth wouldn't agree with the logic because she is not on the title.
i'm trying to buy in individual names so that we could avoid land tax and serviceability issue
what would be your advise for my situation?
1. look for another lender whose lmi insurer is not genworth? if yes, any suggestions?
2. look at some trust structure
3. etc?
feeback will be greatly appreciated
sam
i'm trying to buy in individual names so that we could avoid land tax and serviceability issue
what would be your advise for my situation?
1. look for another lender whose lmi insurer is not genworth? if yes, any suggestions?
2. look at some trust structure
3. etc?
feeback will be greatly appreciated
sam