Hi All
The last couple of weeks we have been reviewing the way our loans are setup as they are all Xcoll all of our investments are buy and hold and they are all positive cash flow.
Our current situation is that we have run out of equity. so i have beeen doing lots of research plus asking questions on the forum about loan structures. I was sitting here tonight and just seeing how different it may have been if in the beginning we had taken out our equity from our PPOR and had a LOC
So what I was asking was if we used LOC to purchase could we have bought some houses using 20% deposit and others using say a 10% deposit paying LMI on that purchase.
Also if you pay LMI are you paying this only on the purchase you are making at the time ?
Thanks
The last couple of weeks we have been reviewing the way our loans are setup as they are all Xcoll all of our investments are buy and hold and they are all positive cash flow.
Our current situation is that we have run out of equity. so i have beeen doing lots of research plus asking questions on the forum about loan structures. I was sitting here tonight and just seeing how different it may have been if in the beginning we had taken out our equity from our PPOR and had a LOC
So what I was asking was if we used LOC to purchase could we have bought some houses using 20% deposit and others using say a 10% deposit paying LMI on that purchase.
Also if you pay LMI are you paying this only on the purchase you are making at the time ?
Thanks
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