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From: Matt Cho
Howdy
I have just purchased a house to live in
and I am trying to decide how to structure
the borrowings. I can go 95% LVR and
pay LMI -ouch! Or I can go 80, 85 etc.
As yet I don't have any IP's but I have been
'learning the game' for a few years and
intend to start buying for that purpose
soon. So looking at the bigger picture do
you think that it's sensible to wear the
cost of the LMI approx 5.5K and keep my
cash nice and warm reducing the interest
on my home loan and draw it down for the
dep. on an IP later......or not!
Reg Matt
Howdy
I have just purchased a house to live in
and I am trying to decide how to structure
the borrowings. I can go 95% LVR and
pay LMI -ouch! Or I can go 80, 85 etc.
As yet I don't have any IP's but I have been
'learning the game' for a few years and
intend to start buying for that purpose
soon. So looking at the bigger picture do
you think that it's sensible to wear the
cost of the LMI approx 5.5K and keep my
cash nice and warm reducing the interest
on my home loan and draw it down for the
dep. on an IP later......or not!
Reg Matt
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