Howdy
So here's a scenario.
Property 1 loan 346 bank value 415
property 2 loan 344 bank value 439
property 3 loan 381 bank value 493
LMI paid on all loans.
How much funds could be extracted for investment.
The Figure 21k was reached for the two property's under 80% lvr, bringing them up to 80%
But having paid LMI, I believe It be can be taken it to 90% and only incur a small LMI fee ie around $700
Is this correct?
So here's a scenario.
Property 1 loan 346 bank value 415
property 2 loan 344 bank value 439
property 3 loan 381 bank value 493
LMI paid on all loans.
How much funds could be extracted for investment.
The Figure 21k was reached for the two property's under 80% lvr, bringing them up to 80%
But having paid LMI, I believe It be can be taken it to 90% and only incur a small LMI fee ie around $700
Is this correct?
Scenario
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