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  • Profile photo of doondoondoondoon
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    @doondoon
    Join Date: 2005
    Post Count: 4
    July 25, 2007 - 1:44 am

    Thanks for that very helpful information, Marc! My husband and I are paying off a 2-bedroom apartment a bit of a distance from the city (where hubby works) and we're considering renting it out and renting somewhere closer to the city. I didn't think it'd be a wise option (money-wise) but now I think I will look into it more  :)

    Profile photo of doondoondoondoon
    Member
    @doondoon
    Join Date: 2005
    Post Count: 4
    August 25, 2006 - 5:35 am

    Someone correct me if I’m wrong but LVR = Loan to Valuation Ratio meaning wealth4life does not like to borrow more than 50% of the property’s value.

    Profile photo of doondoondoondoon
    Member
    @doondoon
    Join Date: 2005
    Post Count: 4
    July 3, 2006 - 11:43 pm

    Thanks JHopper – we’re on the ground floor of our block but we’ll check with strata anyway….. I hate having to check with someone before doing something to my OWN place! Grrr….. :P

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