439 John's 8 point property investing strategy
this is property
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Are You Using Cash or Equity?
Most mortgage brokers will look at it and say, are you using cash or are you using equity? And what is my serviceability? So the ability to repay the loan. Are you interest only or your principal in interest? Do you want to pay lender's mortgage insurance? Or are you more comfortable putting in a 20% deposit and avoiding the LMI? Personally, with my portfolio, I've always been happy to capitalise the LMI and put less of my money into the deal as possible. That means we're going to have a higher cash flow strategy or property to begin with.
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