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	<title>PropertyInvesting.com | kevwa | Activity</title>
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				<title>kevwa replied to the topic A finance question - Have AMP stolen $8k in equity? in the forum Finance</title>
				<link>https://www.propertyinvesting.com/topic/4405594-a-finance-question-have-amp-stolen-8k-in-equity/#post-4661796</link>
				<pubDate>Fri, 13 Jan 2012 04:01:30 +0000</pubDate>

									<content:encoded><![CDATA[<p>Valuation = $340k x 0.9 = $306,000CBA Loan = $283kCurrent Loan AMP = $306, 000LMI Paid was $8000 Correct ?so you paid off the CBA loan with the $306,000 leaving you with $23,000  (306,000 &#8211; 283,000)Take out the LMI you should have $15,000 in equity. (23,000 &#8211; 8,000)A loan account with -$306,000and an offset account that should have $1&hellip;<span class="activity-read-more" id="activity-read-more-191243"><a href="https://www.propertyinvesting.com/topic/4405594-a-finance-question-have-amp-stolen-8k-in-equity/#post-4661796" rel="nofollow">[Read more]</a></span></p>
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