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  • Profile photo of blakebuchananblakebuchanan
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    @blakebuchanan
    Join Date: 2007
    Post Count: 3
    September 27, 2007 - 5:03 am

    Mate you have crunched the numbers well. I can not see any problems however there is a gamble with regard to capitol gains over the net 3-5 years.

    Profile photo of blakebuchananblakebuchanan
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    @blakebuchanan
    Join Date: 2007
    Post Count: 3
    September 27, 2007 - 4:58 am

    I am a broker from the Parramatta area. I have 5 years experience and over 38 lenders on my panel.

    I should be able to help you if you are still looking

    Profile photo of blakebuchananblakebuchanan
    Participant
    @blakebuchanan
    Join Date: 2007
    Post Count: 3
    September 24, 2007 - 6:43 am

    Hey mate,

    yes it is very possible as well as common. You can increase your existing loan or cross-collateralise which means you don't have to increase your existing loan and simply borrow more against the investment. Sometimes it is a good opportunity to look around for a better deal or just see what is available in the market.

    Depending on what the current value of your house is verses the loan amount owing will determine how much extra you can borrow. All funders refinance to different LVR's. 

    Let me know if you need any more information

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