Hi all,
Have searched, but to no avail...is this the correct way of working out how much I can borrow:
Loans: 1,049,000
Current value of properties: 1,510,000
Current LVR: 1,049,000/1,510,000 = 69%
Assuming bank will lend 80%:
0.8*1,510,000 = 1,208,000
Minus current loans...