Hi,
A question for those who borrow 100% or as close as they can for IP's.....Could u pls tell me why and why u r prepared to pay the LMI?
(My aim is to grow with Residential property as quick as I can, but I am still hesitant in paying the LMI. I also figure that if I can buy say 15-20 years of a time buffer on my loans (eg via LOC) then the strategy is very safe, at least for one lifetime ).
Thx 4 your help,
JB
A question for those who borrow 100% or as close as they can for IP's.....Could u pls tell me why and why u r prepared to pay the LMI?
(My aim is to grow with Residential property as quick as I can, but I am still hesitant in paying the LMI. I also figure that if I can buy say 15-20 years of a time buffer on my loans (eg via LOC) then the strategy is very safe, at least for one lifetime ).
Thx 4 your help,
JB