Hi Brizza,
80% LVR based on end value is available for owner builders, cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi Dev,
The max is $1million for investment and $500K for owner occupied,
The lender is Pioneer, LMI is applicable but it’s not through Gemco or PMI, this may be beneficial to those who are maxed out or have high exposure with Gemco or PMI.

DEFs 2.5% 2.0% 1.5% in years 1 to 5
Companies and Trusts are ok, & up to $125K cash out, Chee…[Read more]

Hi leo,
The following may help, keep in mind the amount of equity you access will depend on the LVR, 95% 90% 80% etc.

Current property Value $200K
Current balance $135K

Equity available at 80% LVR = $160K less current balance of $135K = $25K available as a deposit on new IP.
Loan 1 with Lender XYZ, PPR used as security for this loan.
Split A…[Read more]

Hi Terry,
Its available for investment and owner occupied,
No monthly fees, up to 4 splits and has a redraw facility, Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial,…[Read more]

95% low doc 8.99% this rate reduces after 3 years.
P&I with 5 years interest only, Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi Pabbs
I have sent you an email with my contact details etc,

Weston & Simon, thanks for the kind words, Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or…[Read more]

Hi Andy,
I would suggest you discuss this further with Simon as he is aware of your circumstances/details, he is also a very good Mortgage Broker, Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as…[Read more]

Unfortunately without the FHOG cash outlay is still required on a 106% lend,
As the extra 6% will be insufficient to cover app fees, mortgage risk fee, legal and stamp duty charges etc, Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note…[Read more]

Keep in mind the LMI or in this case the Mortgage Risk Fee at 106% LVR is 2.5625% with an extra .76865% due if the loan is discharged in the first 5 years, this does not include the DEFs of 2.75% 2.25% 1.75% in year 1 to 3

The 106% is designed/suited with the FHOG covering the MRF and balance of stamp duty charges etc, I would question the use of…[Read more]

Hi Red,
St George, ANZ, Cheers

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi Jim & welcome to the forum,
There are 100% loans available at a much lower rate, if you have genuine savings you may qualify for a 100% lend at 6.79%

An alternative to a 100% lend may be a 90/10 non-genuine savings product, there are many options/products available, however the right product for you will depend on your current…[Read more]

Hi Karina,
ANZ may do it at residential rates on a lower LVR, approx. 70%. Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

If you intend to convert the PPR to an IP at a later stage then interest only with an offset will preserve the original debt.

BTW, you can have interest only repayments and an offset under a pro pack, cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483…[Read more]

The Family Pledge product with St George may be an option to consider,
It would provide your mother with a limited guarantee and there is no requirement for guarantees to provide income documentation.

This is not a low doc product and there is no LMI, Basically you would borrow 100% with 20% or 40% etc secured against your mothers property,…[Read more]

Hi Mighty Mouse & welcome to the forum,

I would suggest the following structure.
Have a split loan secured against your PPR with a 100% offset account linked to the non-deductible split.

E.g.,
Loan 1.
Split 1. Current non-deductible debt: $272.000 P&I repayments with a linked 100% offset account.
Split 2. Deductible debt: $48.000 interest only…[Read more]

Hi Caston,
The insurance your friend is referring to is LMI (lenders mortgage insurance) this insurance is applicable on most residential lending where the LVR is over 80%, this is not to be confused with landlords insurance, Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483…[Read more]

Hi kendo,
A 90% low doc based on value and not contract price will be very hard to get,
However another option to consider may be a 95% low doc based on contract price,
I have access to a very good 95%LVR low doc product at 8.99%
the interest rate reduces after 3 years and has free redraw and no fees, Cheers.

Regards
Steven
Mortgage…[Read more]

Hi PL
I think you are doing the right thing by looking at alternative finance on the boarding house, you may only get 70% elsewhere but I believe under the circumstances you will be much better off in the long-term, Good luck, Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483…[Read more]

Hi James
I would suggest you use the services of a good independent Mortgage Broker, make sure you divulge your current plans to sell in a short space of time, this will enable him or her to source the correct finance with minimal or zero break costs, cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483…[Read more]

Hi PL & welcome to the forum,
I don’t see the point in refinancing to another lender for 80% when you require 90%, talk to a Broker and see if you can get 90% and have your portfolio uncrossed at the same time.

I can’t comment on finance for the boarding house without the relevant info, but I suspect you may struggle to get above 80% for t…[Read more]