Hi Guys
I am just looking for some opinions on what I should do next.
Income about 55k
PPOR Loan 1: 308k
PPOR Value: 400k
My plan:
Loan 2 LOC 90%: 52k
Loan 3 Mort 97%: Buy house #2
Loan 2 to cover LMI for loc & new loan, deposit, legals, stamps out of Loan 2.
How can I make this work?
I think I need more equity as it will be limiting my purchase price due to deposit size.
Cheers
Brett
I am just looking for some opinions on what I should do next.
Income about 55k
PPOR Loan 1: 308k
PPOR Value: 400k
My plan:
Loan 2 LOC 90%: 52k
Loan 3 Mort 97%: Buy house #2
Loan 2 to cover LMI for loc & new loan, deposit, legals, stamps out of Loan 2.
How can I make this work?
I think I need more equity as it will be limiting my purchase price due to deposit size.
Cheers
Brett