Thanks NABA, 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 Liz,
Australian lending institutions will not except USA property as security over a mortgage,
However you can use the equity from Australian held assets and purchase outright in the USA, leaving the USA properties unencumbered,
Or try and find a lender based in the USA who will finance Australian investors, but this is not an easy task.

I am…[Read more]

Yes I know Terry cheers,
I forgot to mention the 95% product I referred to require a portion of the security to be owner occupied, hopefully the new 95% product NABAM mentioned will be more investor friendly, Cheers.

Kerrie could you send me a product matrix when its released, Thanks.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph:…[Read more]

95% Low Doc.
Interest rate 9.45% $600 App fee, 3.5% for LMI
Break costs 3.5% year1 & 2 and 2% in year 3

More credit providers will soon be putting these products on the market, so as the competition heats up the rates and fees will become more competitive, cheers.

Regards Steven
Mortgage Broker

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

Hi Bonnie,
I have sent you an email, 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 N.S,
Are they strata titled or all on the One title?
If they are on the 1 title then unfortunately most lenders will class it as a commercial deal,
However, St George may look at 4 units,
The size should not be too much of an issue unless they are inner city apartments or motel conversion etc,
I will need more info regarding title details,…[Read more]

Hi Maximus,
Many lenders offer low doc LOC products, The lending institutions will assess your ability to service/qualify for the loan based on the income that you state in the self-certified application.
Lending institutions will provide up to 80% LVR of the value of the unencumbered IP, Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage…[Read more]

Five units on One title, in that case you will need commercial finance.

I doubt you will get 80% LVR on a commercial low doc, possibly 65% to 70% LVR depending on the deal, be prepared to pay higher rates, approx. 10% to 11% and set up costs of approx. 1% to 2%
Cheers.

Regards
Steven
Mortgage Broker

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

Hi MrVip,
Regarding paying the default and getting approval for the loan, this will be subject to your credit provider’s policy concerning defaults.
At the moment it is classed as an unpaid default, and defaults either paid or unpaid will hinder your scope of available lenders.

Unfortunately you cannot pay a fee to clear your credit rating of d…[Read more]

Hi Mcubed
If you have been employed on a contract basis with the same employer for 1.5 years, have 20% deposit plus closing costs, stamp duty etc and you meet the lenders serviceability requirements there should be no issues, Cheers.

Regards
Steven
Mortgage Broker

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

Hi Indigo,
Have you tried a Mortgage Broker? As Derek mentioned the problem may be LMI related, I will need further information, post code, loan amount etc, you can call or email me if you prefer not to disclose the post code on the forum, Cheers.

Regards
Steven
Mortgage Broker

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

Hi JewelAngel,
There are a few lenders who offer low doc products to a trust, however the appropriate choice of lender will depend on the required lvr, post code, loan amount etc etc, feel free to email or call me with these details if you require assistance, cheers.

Regards
Steven
Mortgage Broker

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

If your aim is to purchase multiple properties in Melbourne I would suggest a higher LVR of 80%, this will stretch your capital further and possibly allow you to accumulate a larger portfolio providing you can service the debt. Cheers.

Regards
Steven
Mortgage Broker

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

You should have no problems using the increased equity providing you meet the lenders criteria, servicing etc.

You should look at the benefits of a split loan, as part of the increased loan will be used for investment purpose, Cheers.

Regards
Steven
Mortgage Broker

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

Hi Brahms,
Allco provide LMI for 95% low doc through Mobius lenders, AFIG etc, the applicants pay the premium. 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 Francis,
As Terry mentioned you will need to keep the 2 loans separate,
I would suggest a split loan; this will help in keeping track on repayments of deductible and non-deductible debt.
You should also consider an offset linked to the non-deductible portion of the split. This can help reduce the term on non-deductible debt.

Use the funds in…[Read more]

There is no offset available with the Bank West Lite home loan or Lite investment loan product,
6.65% with no ongoing fees and $45 per redraw,
Interest only terms are not available on the Lite Home loan product, and a Max 5-year IO term on the Lite Investment product.

Depending on amount of finance required, you may want to consider a pro pack…[Read more]

No problem Collin,
Feel free to call or email me with the relevant info, I’m happy to crunch the numbers and point you in the right direction, 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 spec…[Read more]

Hi Colin,
If the equity is derived from your PPR then a split loan coupled with a 100% offset may be an option, 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 U.T
On the proviso you can service the debt, I would suggest you look at using your current equity, 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.