Hi Everyone!
I have just paid off my mortgage and now thinking of an investment property but I have the below concerns:
My broker arranges my mortgage with the same bank where I applied my first mortgage and have the pre-approval for the second mortgage, however he looks after me more personally than the bank, he said regardless if I go with him or with the bank, it is in the same condition as he is paid commission from the lender and not the client, I still wonder whether should I apply directly through the bank or through the broker?
About 2 months ago I travelled to Queensland to inspect some properties (esp. home and land packages) with an agent selling for commission, I surprised to see that the area is all bush land, by the way I drove around and found some good suburbs only 12-16 km from CBD with plenty of property for sale
My problem is, I do not have enough confidence to buy a property in places I am not familiar with, would anyone please kindly help and advise me on how to overcome this dilemma and where can I find a property investment consultant (not an agent selling for commission).
Joe
hung
Hi Hung,
To me you are better off doing all of your financing through a broker (especially if they are investment savvy) as they will be able to help you structure things correctly from the beginning.
A good broker should be part of your team from the beginning along with an accountant and solicitor as you progress. Having these ‘experts’ in their field with you along the journey will be to your advantage.
Derek
[email protected]Property Investment Support Available. Ongoing and never stopping.
I appreciate your advice Derek
Hung
hung
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