Hi kerry,
Regarding finance structure, It’s hard to be specific without being privy to your personal details and future goals,
I would suggest you contact a Mortgage Broker, there is no shortage of them on this forum,cheers.

Regards
Steven
Mortgage Broker
Mobile Mortgage Mark…[Read more]

Originally posted by brahms:
lumwood,

mate, ’04 was the year when rates were meant to rise to blah blah blah blah

12 months since the last move – prior to the november ’03 move I think the previous interest rate move was a further 18 months prior.

so 3 moves in 30 months. a total of 0.75%

WOW

you have more chance of having a baby in this…[Read more]

Hi Louis,
One option would be to arrange finance with One lender in both names, e.g. J Smith Trust and Fred Bloggs
Names on title would read the same, e.g. J Smith Trust and Fred Bloggs.
Purchaser names on the contract of sale could read e.g. J Smith Trust and or nominee,
or J Smith Trust & Fred Bloggs.

Regards
Steven
Mortgage Broker
Mobile…[Read more]

Hi Ajmish
Have you considered a split loan coupled with an offset? This structure can often be more beneficial than a LOC
Contact a mortgage broker and have him or her explain the various options based on your current situation and future goals,cheers.

Regards
Steven
Mortgage Broker
Mobile Mortgage…[Read more]

Good luck Ian, please let us know how you get on,
Cheers.

Regards
Steven
Mortgage Broker
Mobile Mortgage Market

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

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

Hi Ian,
This should not be an issue, Providing you can service the loan and you have the deposit and funds to complete the deal on finance at 95% LVR.

Regards
Steven
Mortgage Broker
Mobile Mortgage Market

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not…[Read more]

Hi Nico,
You should have no trouble obtaining finance,
St George will finance non-residents up to 80% LVR, Normal fees and interest rates apply.

Regards
Steven
Mortgage Broker
Mobile Mortgage Market

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

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

Hi Alf, you don’t need an LOC

Why not consider this…
Set up a split loan
$140.000 PPR split A (non-deductible debt)
Investment split B $100.000 (deductible debt)
Place the $100K into a 100% offset account attached to your PPR split; use these funds as required for deposits on investment etc.

Regards
Steven
Mortgage Broker
Mobile Mortgage…[Read more]

Hi Kate,
Yack has offered some good advice,

Regarding speaking to a financial planner, please be aware that some of these may try to steer you into a completely different investing direction, If you decide to consult with one make sure they offer unbiased advice, Good luck.

Regards
Steven
Mortgage Broker
Mobile Mortgage…[Read more]

Hi Martine,
Try Dale G at Gatherum-Goss & Assoc in Kilsyth,
http://www.gatherumgoss.com/

Phone: (03) 9723 7699
Fax: (03) 9723 7202
Postal Address: 1 & 1A, 87-89 Colchester Road,
Kilsyth, Victoria, 3137

Regards
Steven
Mortgage Broker
Mobile Mortgage Market

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820…[Read more]

Hi Alf,
If you intend to convert your PPR into an IP at a later stage, then I would suggest you look closely at the benefits of a 100% offset attached to your PPR portion of the loan.
In many situations an offset can offer greater benefits over a LOC,

Hi Byronent,
You are correct, there is no need for a LOC regarding this…[Read more]

Hi Kabe & welcome to the forum,
I have access to this type of finance, however the rates and establishment fees etc for this type of finance is high, around 8.99% on 106% LVR,
I suggest you contact a mortgage broker to explore the possibility of cheaper alternatives, good luck.

Regards
Steven
Mortgage Broker
Mobile Mortgage…[Read more]

Hi Wendy & welcome to the forum,
It is a good idea to have your long term goals in mind when structuring finance, as Derek suggested your exit strategy should also be considered,
A good structure will not restrict you to the one particular lender, but allow you the freedom to finance each investment/purchase with the lender of your choice and…[Read more]

Low Doc Finance is available to ABN holders and in some cases PAYG applicants, competitive rates are currently being offered on this type of lending,

Regards
Steven
Mortgage Broker
Mobile Mortgage Market

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not…[Read more]

Some States have abolished mortgage stamp duty, Victoria July 2004 for instance, while others have concessions in place, 1st Home buyers/owner occupied etc.

Regards
Steven
Mortgage Broker
Mobile Mortgage Market

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made…[Read more]

Hi HR,
A few months ago you were having problems with your lending institution refusing to release equity from your x-colled portfolio, as posted here,
https://www.propertyinvesting.com/forum/topic/10129.html
I think your case outlined in the above thread is a prime example of the pitfalls of cross colaterisation.

Regards Steven
Mortgage…[Read more]

Hi KP1 & welcome to the forum,
As Sonja mentioned, your best option would be to contact a Mortgage Broker and have him or her crunch the numbers to ascertain your maximum borrowing capacity, Good Luck.

Regards
Steven
Mortgage Broker
Mobile Mortgage Market

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820…[Read more]

Hi Collie,
If you don’t have the required funds to complete the renovations then finance based on the value of the completed project may be the best option in this case, good luck.

Regards
Steven
Mortgage Broker
Mobile Mortgage Market

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500…[Read more]

Hi Collie,
If you have available funds to cover relocating the house and the renovation, then consider getting finance for the land only,
upon completion of the renovation you should have a fair amount of equity to continue investing,

Regards
Steven
Mortgage broker
Mobile Mortgage…[Read more]

Ho Minxii,
$30K is an adequate amount to get you started on a purchase of approx. $200K,
Extracting your current available equity at a higher LVR may give you a higher deposit; this option will involve LMI,
Talk to a mortgage broker to see what options are available to you, Cheers.

Regards
Steven
Mortgage Broker
Mobile Mortgage…[Read more]