Hi
I have been investing in NZ this year but am getting frustrated by the 20% equity requirements with the banks. Obviously this is a double edged sword in terms of the protection it offers (esp. with rates likely to near 9% in 2005).. but I have pretty solid cashflow and I would be keener to secure finance at approx. 10% – anyone have any ideas – obviously I don’t want to go to extremes in terms of level of interest.
Thanks in advance
Are you saying you want to pay more interest so you can borrow higher percentages?
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdI have access to 12.20% for low doc at 90% and 11.20% for credit impaired at 90% in NZ. Unfortunately, I do not do standard borrowings in NZ as yet.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdThanks for the speedy response, although I was thinking that 10% down would equal about 8-8.5% pa in interest. I’ll keep looking.
BR
DKFChuckles
Sorry mate. NZ Finance is not something I dabble in a lot – YET!
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdHi there,
Yes you can get 90% LVR for NZ from here in australia. at lower rate than what you mention above.
Good luck.Cheers
PropertyGuRu [sultan]
Mortgage Consultant
[email protected]
MSN ID: amitash, Yahoo Id: bornguruNZ loan pre approval from OZ in 48 hours,Low Doc from 6.85%,Investment loan 95%+
I just hope you noticed that the rates quoted were for low doc and credit impaired at 90% LVR!!! They are good rates and set up in NZ – not here! Not sure what the best would be.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdI was saying about normal rates Rob so nothing to ontradict with your rates.
Cheers
PropertyGuRu [sultan]
Mortgage Consultant
[email protected]
MSN ID: amitash, Yahoo Id: bornguruNZ loan pre approval from OZ in 48 hours,Low Doc from 6.85%,Investment loan 95%+
Property “Guru” (what is your name as I don’t feel comfortable calling anyone a “guru”),
Are those loans you state at 6.85% Low Docs, 95% LVR and pre-approved in 48 hours sourced in Australia?
The cash rate in NZ is 6.5% so I hope they are.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdPropertyGuru is real “guru”. [biggrin] most people call him PG for short though…
Who took my MONEY[?]
Instead of “GuRu” you can call me “PropertyMasTer” [biggrin].
All different things Rob. There are commas in between.
Cheers
PropertyGuRu [sultan]
Mortgage Consultant
[email protected]
MSN ID: amitash, Yahoo Id: bornguruNZ loan pre approval from OZ in 48 hours,Low Doc from 6.85%,Investment loan 95%+
I think I will call you amit.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdWell spotted Rob!. but I will still call him GuRu! [withstupid][jerry][thumbsupanim]
Who took my MONEY[?]
Poitive, I really don’t care if YOU call him ‘Sugar Daddy’ mate.
Have a great New Year!
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdCool down guys! you can call me with any name doesn’t matter! some people call me GURU or PG and now they have another name Suger Daddy also. [cigar].
potive = p0sitive ( while we are talking about names)
anyway what was the topic of this tread! [biggrin]
Cheers
PropertyGuRu [sultan]
Mortgage Consultant
[email protected]
MSN ID: amitash, Yahoo Id: bornguruNZ loan pre approval from OZ in 48 hours,Low Doc from 6.85%,Investment loan 95%+
TYPO – my computer has never been the same since the car accident. Misses keys all the time!
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdIt was about financing NZ property investments… then it went [offtopic]
Who took my MONEY[?]
That’s right. I wonder what took it off topic.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltdfree publicity and advertising.
Who took my MONEY[?]
Can someone lock this topic please?
It has gone to the kids!
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd
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