'Topping up' loan
- Thread starter Munchkin
- Start date
Not really. Is this on a PPOR or IP?
Regards
Shahin
Regards
Shahin
Ok cool just checking as a lot of people do top ups on IP's which is not always the right way of doing it.
Shouldn't have any issues doing the top up. Are you under 80% LVR?
Regards
Shahin
Shouldn't have any issues doing the top up. Are you under 80% LVR?
Regards
Shahin
some lenders have a reval "embargo"
eg NAB doesnt like it within 6 mths unless u can prove there is significant improvement to the prop
AMP cant use their DUA for LMI if the loan isnt at least 90 day settled
etc
ta
rolf
eg NAB doesnt like it within 6 mths unless u can prove there is significant improvement to the prop
AMP cant use their DUA for LMI if the loan isnt at least 90 day settled
etc
ta
rolf
Yes it is under 80%.
Not looking to have a new valuation done at any time if we didn't have to, just top up to 80% of the valuation that has just been done this month, would be hoping to top up within 3 months if possible.
It is with CBA. I completely forgot to ask while I was in there.
Not looking to have a new valuation done at any time if we didn't have to, just top up to 80% of the valuation that has just been done this month, would be hoping to top up within 3 months if possible.
It is with CBA. I completely forgot to ask while I was in there.
providing servicing is OK that should fly
ta
rolf
ta
rolf
That will be fine then - they will take that valuation amount.
Regards
Shahin
Regards
Shahin
