Forum Replies Created
Hi
I used Avibe for financing a property I was wrapping. The recommendation came from Rick Otton’s office:
Danielle McMahon
Ph: 1800 284 230
Email: [email protected]
http://www.avibe.com.auMy rate is 6.9% for fixed IO loan and 7% for LOC.
Good Luck – I hope it all goes well for you.
Regards
Anzion [biggrin]Hi Stuart
one thing that has always gotten in the way of my excitement over a property has been the actual financing and what the LVR’s are for different types of properties and locations.
I would really like a general reference point and information for full doc loans versus low & no docs: for each type of loan:
– what the maximum LVR’s are for different types of purchases (ie. house, vacant land, blocks of units (blocks of 4, 6, 8 etc), commercial property etc..)
– and what effect the actual population may have on borrowing and if there are other location “issues” that banks/lenders may have.
Hope that makes sense – Happy Writing!! [thumbsupanim]
Hi Mel
thank you for that – I will contact him this week.
Happy Investing
I have been to a meeting of the investor’s club and don’t agree with their advice of buying 7 properties and borrowing against the increased equity each year. I thought the “advice” was very amateur.
I have read through some of the postings here, but has anyone mentioned how the Investors Club make their money? – They get a commission from the seller / developers on each and every sale – so, my advice – be careful! [V] And check out ASIC – they are interested in them!