Hi, Is it possible to access the equity in your home or investment property even if you have no regular income without selling your property?
Thanks , new to the property investing world.Yes it it.
Depending on the LVR you are after.
A 65% lend is always very easy.
Cheers,
Simon Macks
Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Thanks Simon, so does that mean if say the porperty is valued at $200K I can access 65% of that, less what I currently owe???
Your assistance is appreciatedExactly. Via a NODOC loan. The major requirement is a clean CRA.
Cheers,
Simon Macks
Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Make sure you can afford the repayments or it is goodbye house!!!
No doc loans usually attract substantially higher interest rates and must be for investment purposes so you will not have the protection of the Uniform Consumer Credit Code.
Robert Bou-Hamdan
Mortgage Adviser7.1% seems pretty reasonable Rob?
Also for regulated loans – means the client has the UCCC onside if it is a home.
Welcome back mate!
Cheers
Simon Macks
Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
7.1% is one of the good ones.
Thanks for the welcome. It has been a while. I actually missed the place this time.
Robert Bou-Hamdan
Mortgage AdviserThanks guys – will work on the situation and let you know what we come up with. Your knowledge is appreciated, have a great day! [biggrin]
You must be logged in to reply to this topic. If you don't have an account, you can register here.
