Not sure i understand the broker said i can only borrow $260,000

@Panina from the figures you emailed me i managed to get the deal to service for $260,000 so not sure who your TIC broker is looking at but seems to be a vast difference.

Cheers

Yours in Finance

I would love to do that! The loan only came out at $260,000 maybe the banks are starting to hold back their lending.

@Panina any reason you cant put in a 10% deposit as opposed to an 20% deposit. Yes you will cop some LMI but you will have held back some of your capital that can be placed in a offset account for the next purchase and/or a buffer.

@Panina any reason you cant put in a 10% deposit as opposed to an 80% deposit. Yes you will cop some LMI but you will have held back some of your capital that can be placed in a offset account for the next purchase and/or a buffer.