All Topics / The Treasure Chest / LoOkInG FoR AdVicE pLeAsE….

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  • Profile photo of bjozefbjozef
    Participant
    @bjozef
    Join Date: 2003
    Post Count: 15
    September 7, 2003 - 9:55 am

    [:D]I live in Adealide, i a have 15,000 for a deposite. i am looking to take my first home loan to start my investment portfolio..any advice??

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    September 7, 2003 - 10:46 am

    Polski,

    Lots of people would love to help but we need more specific info on your needs?

    Tell us your plans?

    Cheers,

    Simon Macks
    Mortgage Hunter
    [email protected]
    0425 228 985

    Profile photo of picja1picja1
    Member
    @picja1
    Join Date: 2003
    Post Count: 144
    September 7, 2003 - 11:06 am

    If it is your first home loan, why aren’t you taking advantage of the FHOG and buying a property for yourself?

    Then when the equity grows and your loan decreases taping into that, to start your IP’s.

    Anyway, you should generraly only allow 2 or 3 properties to one lender.

    Get an ABN. This will allow you to access Lo Doc loans. Meaning you can self-certify your income, although you need 20% deposit.

    With out any other details that’s about it.

    [email protected]

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