Search found 3 matches

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Fri May 31, 2019 7:03 pm
Forum: Home Loan Forum
Topic: Lawyer looking for an equity cashout of 200k with no LMI
Replies: 6
Views: 12207

Re: Lawyer looking for an equity cashout of 200k with no LMI

Thanks for the info. I’ve filled up your form, please email me for a suitable time to call.
by
Fri May 31, 2019 4:30 pm
Forum: Home Loan Forum
Topic: Lawyer looking for an equity cashout of 200k with no LMI
Replies: 6
Views: 12207

Re: Lawyer looking for an equity cashout of 200k with no LMI

My last two years tax returns show different incomes, will the lenders take the average of the two or the lower? My F.Y. 2016-2017 taxable income was $112,000, 2017-2018 figures were $182,000. Projected to be $190,000+ this year.
by
Fri May 31, 2019 2:26 pm
Forum: Home Loan Forum
Topic: Lawyer looking for an equity cashout of 200k with no LMI
Replies: 6
Views: 12207

Lawyer looking for an equity cashout of 200k with no LMI

Hi, I started my own private practice three years ago out of a small rented office space, before that, I worked for 5 years with a small law firm as an immigration lawyer. I’m looking to lease a commercial office space and hire support admins to manage the day-to-day. I’m looking to cash out equity from our investment property of at least $200,000 - $225,000. The property is worth $800,000 with a mortgage balance of $510,500. I’m looking for two things specifically, no LMI and a better interest rate. My current lender wants me to capitalise the LMI. Can you offer me something better?