You have been approached by a customer for assistance to purchase an investment property. They intend to

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You have been approached by a customer for assistance to purchase an investment property. They intend to access equity in their home for the deposit. As they do not wish to use LMI they will borrow 80% LVR on the investment property.

Investment property purchase price: $830,000

Home Value: $750,000

The LVR after refinance the current loan to accommodate the deposit for the investment property is 74%.

What is the current balance on their home loan using the info?

Related Book For answer-question

Business Research Methods

ISBN: 978-0073521503

12th edition

Authors: Donald R. Cooper, Pamela S. Schindler

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Posted Date: May 08, 2023 04:25 AM

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You have been approached by a customer for assistance to purchase an investment property. They intend to

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Business Research Methods

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