Hi Everyone,
I went to see my new mortgage broker yesterday (Mr Ed for anyone's who interested) and he mentioned that he wouldn't be surprised if in a year or so the banks ended offering 90-95% IP loans and went to the NZ standard of maximum lending of 80% for IP purposes (sorry if I've misquoted you Ed, this is what I understood anyway).at 90%
What do you guys think of this? Should I worry that I'll only possibly have the money to fund one of my IP's on a 90% loan?
I went to see my new mortgage broker yesterday (Mr Ed for anyone's who interested) and he mentioned that he wouldn't be surprised if in a year or so the banks ended offering 90-95% IP loans and went to the NZ standard of maximum lending of 80% for IP purposes (sorry if I've misquoted you Ed, this is what I understood anyway).at 90%
What do you guys think of this? Should I worry that I'll only possibly have the money to fund one of my IP's on a 90% loan?