https://www.propertyinvesting.com/members/batgirl_617/activity/ Activity feed for batgirl_617. Fri, 17 Apr 2026 10:27:04 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 158acc32d28d9b25f8aeef331faa191a https://www.propertyinvesting.com/topic/4404419-getting-finance-for-1st-ip/#post-4653650 Wed, 10 Aug 2011 12:38:58 +0000 Thanks JamieM for your comments.I do have some questions:1. We have previously paid LMI in our home loan.  How much more LMI do we have to pay?  2. Can this LMI be capitalised on the top up loan?3.  Is the the top up loan a separate loan account?Thanks again for your help.

]]> b53780331de1f890b463eb95030160fa https://www.propertyinvesting.com/topic/4401025-coverting-existing-ppor-loan-to-io-with-an-offset-account-to-save-for-an-investment-property/#post-4630840 Sun, 20 Feb 2011 06:55:14 +0000 Thanks to everybody for their valuable input.After reading some related posts, there's going to be change of plans.  Won't rent out our home anymore (after some horrible stories I read) and will just stay put and pay interest only on the mortgage with the offset acct. Will try to build up our savings for our 1st IP. When the fixed period exp…[Read more]

]]> a23936007923690c6c6cb180a8a6c88f https://www.propertyinvesting.com/topic/4401025-coverting-existing-ppor-loan-to-io-with-an-offset-account-to-save-for-an-investment-property/#post-4630837 Sat, 19 Feb 2011 12:53:17 +0000 Do you know of a lender who can give us a better yield (valuation)?Actually, I already converted the variable portion into IO 2 wks ago. Need to wait until the 10/06/11 (Fixed loan expiry) before I can convert the Fixed loan (the bigger loan) to IO. I considered converting to IO as we are thinking of renting out our home and thus turning it into…[Read more]

]]> cd74177d744da170f2d45b6a5d4afc2a https://www.propertyinvesting.com/topic/4401025-coverting-existing-ppor-loan-to-io-with-an-offset-account-to-save-for-an-investment-property/#post-4630834 Fri, 18 Feb 2011 11:39:11 +0000 Thanks Jamie for the reply.Actually, CBA did a valuation August last year at 430K which we think is so low. I just based my estimate on the selling prices of same houses in our suburb. So we just accepted that maybe we can't tap on the equity as of this time. That's why we are thinking of ways to boost our savings for the deposit of the IP. That…[Read more]

]]> 91548fda200ca52b7ef0c1dff4d63e21 https://www.propertyinvesting.com/topic/4401025-coverting-existing-ppor-loan-to-io-with-an-offset-account-to-save-for-an-investment-property/#post-4630832 Fri, 18 Feb 2011 06:19:44 +0000 Hi, this is my first post. I think Pootie and I are almost in the same situation only with us, we don't have the equity.We bought the land and built a house on it in 2007. Total cost is 420K. Estimated value now is around 440-460K. Amount owing is 380K (286 Fixed and 94 variable). Paying P & I of 2,695/month.Got a balance of 5K in our Offset…[Read more]

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