PropertyInvesting.com | Lioness59 | Activity https://www.propertyinvesting.com/members/lioness59/activity/ Activity feed for Lioness59. Fri, 17 Apr 2026 11:27:42 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 dd9e18ed49c796c7c0b41629122e52ed Lioness59 replied to the topic Advice please.... in the forum Help Needed! https://www.propertyinvesting.com/topic/4380072-advice-please-7/#post-4514698 Fri, 06 May 2005 03:24:15 +0000 Originally posted by Mobile Mortgage:
Hi Lioness,
I would not suggest using the unencumbered property as security on the new purchase,there is no need,
Instead, you could access your current equity and use this as a deposit on 80/20 finance; this will avoid giving the lender 2 properties as security over One loan, (cross colaterisation)

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]]> f417234b67beb048a1fe1578c5536966 Lioness59 replied to the topic equity in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365169-equity-2/#post-4413001 Mon, 17 Feb 2003 10:59:17 +0000

quote:
Hi Lioness,

Another advantage with a LOC, is the fact you are able to split your account in to sub-accounts which will help keep in clean when tax time comes around. This way you can montor cash investment and interest paid on each loan.

Some of the banks will allow you to have up to ten sub accounts for no extra fees ( excluding your…

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]]> bedea2de7b36f4bede1f3c53482fce92 Lioness59 replied to the topic equity in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365169-equity-2/#post-4413000 Mon, 17 Feb 2003 10:56:51 +0000

quote:
I fully agree with Birdman on this one. Setting up an LOC also gives you some bargaining power too. If you can go in and offer a cash transaction and buy the property out of your LOC then refinance after. This enables you to move quickly and offer agressively.
Hope this helps.

Enjoy
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]]> 5e840dcfe7e447c8c433f1cbfa02fcec Lioness59 replied to the topic equity in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365169-equity-2/#post-4412997 Sun, 09 Feb 2003 13:51:06 +0000 Hi Birdman,

Thank you for the information. Much appreciated.

Rissa

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