[jon26Member@jon26Join Date: 2011Post Count: 5]

September 20, 2011 - 2:20 pm

Hi Ryan,

I’m very interested in Rick’s material. Saw him presenting just last weekend. Is the pack still available?

[jon26Member@jon26Join Date: 2011Post Count: 5]

June 1, 2011 - 1:53 pm

Hi wisepearl,

http://www.suburbview.com is one that I’ve stumbled on and used. I think it’s worth having a look too.

[jon26Member@jon26Join Date: 2011Post Count: 5]

May 26, 2011 - 2:09 pm

Thanks for that Michael. Clears up a little bit of misconception on my side. I take your point on not pumping into PPOR directly but into offset. Unfortunately, we opted for P/I with redraw.

On the question of cash+redraw, I would say not enough at this point in time. (or at least for the value of an IP that we’re after) Thanks guys. Will definitely consider all the points you raised.

[jon26Member@jon26Join Date: 2011Post Count: 5]

May 26, 2011 - 12:33 am

Hi Richard,

My mistake. I meant Owing NOT Owning.Yes, we are also looking at converting our PPOR to an IP; so probably switching to an I/O is the way to go.

Yes, I am quite concerned about forking out more for LMI; I would really like to try to avoid it if possible. As you said after REFI to a value of 400,000 and LVR 80%, 80,000 has already gone into avoiding LMI, leaving a measly 10,000. Is this how its calculated?

Perhaps I should be pumping more into the PPOR until there is enough there to cover LMI and raise enough (while reducing interest) for a DP after REFI?

Thanks Richard again for your prompt reply.