This questions for experience mortgage broker.
With the ASIC and APRA lending regulator putting a limit to all banks and sub-union lenders.
As a result many investor cannot borrow much funds since the change in rules.
Any experienced mortgage broker can tell me an alternative borrows available out there?
There’s still ways and means to extend your borrowing capacity as much as possible – we wrote a little bit about the APRA changes in this article a few months ago: http://www.precisionfunding.com.au/apra-the-evolving-lending-climate-for-investors-challenges-and-opportunities/
I can’t say I’ve had anyone come through that has had *zero* options available for borrowing moving forward thanks to APRA, it’s just required more finesse. For those who have substantial equity and limited income/zero borrowing capacity, commercial lending options are making it possible to continue investing:
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
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