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  • Profile photo of WING75WING75
    Member
    @wing75
    Join Date: 2010
    Post Count: 3
    Qlds007 wrote:
    Assuming you are happy to cop some LMI and based on the fact that you can service the loan then should be able to borrow in the region of 450K.

    Couple of ways of going around this but in the end boils down to level of confort.

    Cheers

    Yours in Finance

    Thanks Richard,

    Could you give me some rough numbers on how we could get hold of $450k for an IP

    Profile photo of WING75WING75
    Member
    @wing75
    Join Date: 2010
    Post Count: 3

    Thanks Sprio

    Not too fussed about LMI but $125k doesn't equate to much here in WA. We could service loan repayments up to $350k without any rent at all.

    We might be best to put some coin away and come up with some more deposit.

    Thanks

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