?
As mentioned to you in PM’s it is certainly doable although i cannot fathem why you would be willing to pay such an excessive amount when you could arrange a Nodoc style of loan for a considerably cheaper interest rate.
On the downside is the timeframe given. Most Solicitors are now closed until the first week in January and whilst i have many contacts who could help they would not be prepared to settle in time.
Cheers
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
Looking for life cover – We Guarantee to beat any quote you have in writing.Richard Taylor | Australia's leading private lender
I would be surprised if anyone could settle a deal that quick during the xmas period considering there will be at least 3 days where the lenders are closed. Depending on lender and location a sateilite valuation maybe achievable.
Next to establish the maximum you could borrow more information is needed to know the servicablility, you can email me with further detail if you like. Would need to know income, any loans you have credit card limits etc Also if this is going to be a rental what would the potential rent be?
Wayne Skewes
Mortgage Broker
Email [email protected]
http://www.eaussie.com.au/Mortgages/Aussie_Mortgage_Adviser.asp?ContentID=852280
Refinace, Loan Consolidation, Owner Occupied or Investment Finance. Free Service I come to you!Wayne,
McQuire is after a caveat loan so 3 days (even over Xmas) would not be a problem as the interest rate will be extremely high and no income verification, CRAA or even property valuation would be required.
At 8% Per Month private lenders work Xmas day i assure you.
Cheers
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
Looking for life cover – We Guarantee to beat any quote you have in writing.Richard Taylor | Australia's leading private lender
Yes I see, I miss read his request as 8% a year did note the per month until you mentioned it. I guess with those sort of rates you would work over xmas.
Wayne Skewes
Mortgage Broker
Email [email protected]
http://www.eaussie.com.au/Mortgages/Aussie_Mortgage_Adviser.asp?ContentID=852280
Refinace, Loan Consolidation, Owner Occupied or Investment Finance. Free Service I come to you!Could anyone tell me what a satellite valuation is?
Hi.
I have a similar situation as mcquire. Can anyone help me as well?
Some lenders do a valuation via satellite eg google earth its quicker than doing a drive by. Westpac use this at times however if LVR high this would probably not be suitable
Wayne Skewes
Mortgage Broker
Email [email protected]
http://www.eaussie.com.au/Mortgages/Aussie_Mortgage_Adviser.asp?ContentID=852280
Refinace, Loan Consolidation, Owner Occupied or Investment Finance. Free Service I come to you!Richard,
I have passed on the details to my uncle as he is the one whom owns the property. His ID is ghealey. So if you can you can get in touch with him at [email protected]
Thanks for all your assistance- and everyone else on this forum as well.[party]
There are solicitor funders that can settle quickly and only charge approx 8% pa. around 70% LVR, Valuations required though.
Terryw
Discover Home Loans
[email protected]
Send an email to get my newsletter.Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Terry,
I have been in discussions with Richard whom is going to fwd my application to a lender who can settle on friday. I just hope he is being realistic and is on the level-not that I have any reason to doubt what he says.
ghealey,
Glad you got in touch with Richard. He seems to know what he is talking about.
Three cheers for propertyInvesting.com[thumbsup2]
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