Forum Replies Created
Hi Wallflower,
When you are looking at finance you need to consider your future investment strategy.
Mortgage Insurers add up your borrowing that they insure and you may find one day that you max out on what you can borrow from lenders who mortgage insure (whether you pay for it or they pay for it).
Interest rates are one area to consider, but here are other costs e.g. establishment fees, ongoing account fees and also the possibility that some banks offer professional package discounts for borrowings over a certain amount. This may change the interest rate and fees that you are being charged. Sometimes this is on a sliding scale depending on how much you have borrowed from them.
ciao
LoneHi Luke,
I am a mortgage broker and I work with a very experienced team of mortgage brokers who not only help property investors, but also invest in property regularly themselves. I would be more than happy to give you some information of what’s available.
Please contact me on [email protected]
There is a product for people living overseas (who are employed) to borrow in Australia for property in Australia at up to 70% Loan to Value Ratio (LVR). Sometimes there may be special conditions depending on the courty they live in, such as a Deposit Under Lien (DUL) which is a deposit taken by the lender as additional security by the customer. When a DUL is required the LVR is reduced to below 65%.
Ciao
Leonie
