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From: Noel Griffiths
Hello to all.I am seeking some collective advice re: finance for 1st IP(havent purch. yet)
-Currently have a revolving LOC via Citibank on my existing house. 70K available for use.
-Do I use 10%of LOC as dep.on IP and borrow the remainder?Will need approx.210/230K
-Refinance totally to another bank putting both properties under the one umbrella i.e.,NAB "Choice" package if anyone knows it.
-Ultimately wish to own outright 1st IP(place for divorced sister to live)thereafter not fussed.
-Live in Aspendale,Melbourne.
Thanking you in anticipation
NOEL
Hello to all.I am seeking some collective advice re: finance for 1st IP(havent purch. yet)
-Currently have a revolving LOC via Citibank on my existing house. 70K available for use.
-Do I use 10%of LOC as dep.on IP and borrow the remainder?Will need approx.210/230K
-Refinance totally to another bank putting both properties under the one umbrella i.e.,NAB "Choice" package if anyone knows it.
-Ultimately wish to own outright 1st IP(place for divorced sister to live)thereafter not fussed.
-Live in Aspendale,Melbourne.
Thanking you in anticipation
NOEL
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