In general, a fixed rate loan generally lacks the flexibility of a variable rate loan. The break costs that come with a fixed loan can also be quite hefty if you ever want to pay out the loan.

On the flipside, you’ll know what your repayments will be for the duration of the fixed rate – which can be good for budgeting.

Yep, sure can.

Cheers

Jamie

I’d be inclined to go for the larger block – it should do better over time.

Hi Rose

Try Pete Tersteeg from Sage Lending in Nunawading – I think he’ll be in the office tomorrow.

Cheers

Jamie

Yep, Alistair beat me to it. There’s just so many variables at play, seeing a good independent mortgage broker (particularly one that works with investors) will make life easier.

Hi Cathy

Lenders generally take into consideration 75% to 80% of the rental income received when assessing serviceability.

Cheers

Jamie

I agree with the posts above. Do your research, work out how much the property is worth to you and offer accordingly. At the same time, you don’t want to provide your final price up front. Instead, provide a credible offer that allows for some upward movement – hopefully you’ll meet the vendor at the price you’re willing to pay.

Cheers

Jamie

I think that’s that a very good point. I like to read Kiyoaski’s books for the investor mindset content- I don’t take too much away in regards to the property investing because I feel the market he operates in is very different to the Oz market.