Hiya
Am in the midst of organising finance for my 2nd IP. Would like to borrow 90%
on a property price of 250K
Questions:
1)Have approached Bank West and Commonwealth and ANZ. Their LMI came to $6000, $2400 and $3400 respectively. PLEASE EXPLAIN!
2)Am going to cough out 10% from my offset account which was attached to my PPOR; accountant said this 10% is not tax deductioble??HUH???
How to go about solving this? PPOR loan is with Westpac.
Thanks!
Am in the midst of organising finance for my 2nd IP. Would like to borrow 90%
on a property price of 250K
Questions:
1)Have approached Bank West and Commonwealth and ANZ. Their LMI came to $6000, $2400 and $3400 respectively. PLEASE EXPLAIN!
2)Am going to cough out 10% from my offset account which was attached to my PPOR; accountant said this 10% is not tax deductioble??HUH???
How to go about solving this? PPOR loan is with Westpac.
Thanks!