Hi all, My first time posting here so please be nice to me Anyway, I am planning to buy OTP from mirvac where the land will only be registered by end of this year. However, I need to pay 5% of the land value which is roughly around $15k. Currently, I have a a loan amount of $400k where the property value is around $470k. We are having a baby by end of this year and my wife might take some time off from work (hopefully getting the parental leave pay). My salary is around $130k + super. I plan to use the equity of my current property for the next purchase. My broker told me that I need to have a pre-approval around 2 months before the land gets register. However, he is cautioning me the risk of depositing 5% as there is still a chance of the loan getting rejected. What are my chances of getting approved based on my situation? I can ask some smaller banks to lend me right? Basically, I just want to make a calculated risk based on your advices. Thanks in advance.