Hi all,
Sometimes complicated world this property investment.
We have a LOC with seperate lines for our 3 IP's. Our simple understanding is to head to the bank shortly, re value and increase the credit limit for another purchase. More simple understanding - should we stay within our 20 equity / 80 loan ratio - can we not continue indefinately ( serviceability aside )??
The fact that we are with one lender, considering the above - would not hinder our process??
Sometimes complicated world this property investment.
We have a LOC with seperate lines for our 3 IP's. Our simple understanding is to head to the bank shortly, re value and increase the credit limit for another purchase. More simple understanding - should we stay within our 20 equity / 80 loan ratio - can we not continue indefinately ( serviceability aside )??
The fact that we are with one lender, considering the above - would not hinder our process??