Tigerstripes

Tigerstripes replied to the topic Home equity confusion – please help clarify! in the forum Finance 8 years, 9 months ago
Thanks for the responses. Still scratching my head though :/
Nobody has told me that I can’t service an investment property. What I’m saying is that – from what I understand – the maximum sized loan I can afford repayments on is $380k, so would that not mean I could only afford to access $380k of my equity rather than the full $600k for my…[Read more]
Tigerstripes started the topic Home equity confusion – please help clarify! in the forum Finance 8 years, 9 months ago
Hi all,
I’ve yet to purchase an IP, but am looking to get started.
I have a lot of equity in my PPOR ($600k at 80% LVR), but if I was in a situation where I didn’t have any equity (i.e. renting) and went for a straightforward home loan, I’d could probably afford around $380k max.
Now, even though I could potentially access $600k worth of home…[Read more]
Tigerstripes became a registered member 8 years, 9 months ago

@tigerstripes