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  • Profile photo of R123edR123ed
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    @r123ed
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    February 22, 2013 - 4:17 pm

    Thanks Richard

    Profile photo of R123edR123ed
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    @r123ed
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    February 21, 2013 - 1:08 pm

    Thanks again guys, your knowledge is invaluable.

    Profile photo of R123edR123ed
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    @r123ed
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    February 21, 2013 - 2:26 am

    Lol Terry

    Thanks Jamie

    I was of the understanding that if you default on your loan the banks will come after you which is any assets you own not just the property you have with them.

    Are you suggesting use another lender for property 2?

    Profile photo of R123edR123ed
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    @r123ed
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    February 20, 2013 - 2:32 pm

    Thanks Terry

    I am not sure what you mean with Line Of Credit? Why is it important to not cross collateralise.

    Profile photo of R123edR123ed
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    September 10, 2012 - 11:36 am

    Thanks Tom and Terry

    Richard did you get my email i tried to send you my details on the weekend but am not sure if it went through. If not can you let me know and i will send it all again.

    Profile photo of R123edR123ed
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    @r123ed
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    September 7, 2012 - 2:03 pm

    Thank you for your replies every bit of info helps.

    My current property is principle and interest.  – Jamie M

    How am i able to find out how much equity i have in my home? Is it as simple as subtracting what is owed from what was paid or do i have to find the market value? If the later how do i find this answer? Would i just ask my local realestate agent or is there somewhere on line that can give me this answer? – Qlds007

    Sorry this is all a bit vague. I originally was thinking to use the $130k as deposits on the next property or properties but was not sure if this was the best idea or to pay my current property loan down. I am now realizing how little i know and it sounds like i need to research alot more.

    Thanks

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