Loans more than 80% of the property price will generally attract LMI (usually a few thousand dollars).  However because he only had a small mortgage remaining on his own home, our mortgage strategist Mortgage Corp saw an opportunity to assist Luke to get 100% borrowing on the proposed investment – still without needing to pay LMI. This not only boosted Luke’s borrowing capacity but also created a more tax effective loan structure. Mortgage Corp also suggested Luke speak to his accountant to possibly get more out of his loan from a tax perspective in relation to his new investment loan. Increasing his borrowing power allowed Luke to secure the development opportunity he wanted.  Restructuring his loans also created more tax efficiencies and put him in a better position to purchase further investments in the future as part of his investment goals