Where are you located?

If you prefer face to face there’s likely to be someone on the forum that can assist.

If you don’t mind communicating via email/phone then you can select any broker from anywhere in the country.

Cheers

Jamie

If you’re keen on fixing – consider leaving a portion of your PPOR loan variable so you can still access flexible features such as an offset, etc.

Cheers

Jamie

Wow – $5.5k for that! and that doesn’t include the commissions they would have made on the property sale, the loan they arranged for you and whatever products the planner has set up.

Very greedy. I really don’t understand how some companies get away with this.

Most of those offerings are provided free by brokers/bankers and planners because they get paid a salary and/or commission.

The building inspection is prob worth $300 – $500.

ozdrjohn wrote:

i’ll be in contact with each of you early next year when we’re ready to do our next round of purchases.

Terry’s your man :-) No need to share the love – just contact him.

Cheers

Jamie

Agree with Corey.

Have you used the one lender for all your loans?

Even with the recent changes introduced by APRA – there are still lenders who are more generous compared to others when it comes to assessing servicing. Sounds like you just need an overall review of your current structure and some good advice to help move forward.

Cheers

Jamie

No worries :-)

Macquarie’s changes have now been announced. They’re no longer a generous lender when it comes to calculating max borrowing :-(

They’re also capping owner occ loans that are set up as interest only at 80%

Cheers

Jamie

Hi Anthony

Don’t focus on rate – it’s a sure way to bugger up loan structures and longer term plans UNLESS you’re content with your current properties and have no plans on releasing equity and buying more.

Cheers

Jamie

Hiya

4 properties isn’t just someone starting out :-)

Avoid cross coll – it’s a mess.

It’s not a bad idea to access equity now because as it’s becoming harder to do due to APRA’s recent intervention.

Cheers

Jamie

Yep – just found out too.

Damn – it sucks that the generous lenders are being knocked out.

I guess it’s just a matter of time for Nab?

It’s going to be very difficult for those on average incomes to get a few IPs under their belt.

If you simply replicate the same structure you have now with the next bank and you’ll avoid crossing.

Cheers

Jamie