Thanks for all your comments and its really very helpful…Coolboy

Its worth 560K (loan for 440k) and currently with Bank west.I have around 30k in hand but want to know whether i can put this in PPOR and go for LMI around 12k for IP.

in worst case, i will have to take up the loan with first bank with LMI….ThanksThiru

JacM wrote:
I'd be wanting that extension in writing, and I would not be parting with more cash to raise owner confidence.  It is not like this is the last  house available on the planet.  Life will go on if this deal doesn't work out for you.  Yes, I believe that any loan rejection goes on your credit file, which is a negative for future appl…[Read more]