bigfella966 said:Was thinking of using funds from a LOC at 6.64% (as per Rixter), but it would be looked upon as a loan to be serviced (DSR), also I gather it would encrouch on my LVR, which I want to maximize with loans for developing 2 vacant lots and reno another 2 IP's.
BF
BF , if the funds are coming from an already existing LOC then the bank has already accessed it as being fully drawn (even if its not) so it wont increase your existing LVR or DSR calcs, however I would use any existing undrawn funds in your LOC for expanding you asset base into more IP. And use their 100% loan with the 7.5% rate - the slight increase is a small price to pay but it lets you build IP & get into shares aswell.
Just my thoughts