The $250k Dilemma: "Pay Down the Mortgage or Power Up Your Portfolio?"
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In this listener-driven episode of TFS WealthCast, Pramu and financial planner Sonali unpack a scenario many homeowners face: a $750k mortgage on an $850k home (an LVR of about 85%) and a sudden $250k windfall.
They start by explaining how loan‑to‑value ratio (LVR) affects your borrowing costs and why dropping below 80 % can remove Lenders Mortgage Insurance and unlock better rates. They also discuss exceptions such as LMI waivers for certain professionals like doctors, accountants and lawyers, who can borrow up to 90% or more without paying LMI.
The discussion explores three…
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