Hi Dman,
Your accountant is correct,

Outlined below is One option to help minimise non-deductible debt on the purchase of the new PPR,

Please note, this is depending on individual circumstances, and assuming you intend to purchase more investments in the future.

Step 1 (option A)
Refinance current PPR soon to be an IP, with a split loan at 80%…[Read more]

Stuart,
I have sent you a pm, with info on a couple of lenders who may be able to assist,
good luck.

Regards
Steven
Mortgage Broker

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

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek…[Read more]

I agree with you Rod,
Structured correctly, a 100% offset offers less risk & can be more economical when compared to a LOC.

Regards
Steven
Mortgage Broker

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

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

Hi Stuart,
I have a couple of specialty lenders that may do this,
I will check with them tomorrow and let you know.

Regards
Steven
Mortgage Broker

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

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice.…[Read more]

Hi YC,
How much deposit do you have, 20%, 10% or 5%?
A 20% deposit is the usual amount required for low doc finance,
you will also need approximately 5% of the purchase price to cover associated costs.

Regards
Steven
Mortgage Broker

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

PLEASE note comments…[Read more]

Great work Simon,

Well done Mad Cat, This instance highlights the benefits in doing your due diligence.

Regards
Steven
Mortgage Broker

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

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek…[Read more]

Originally posted by Mad-Cat:
I’m all sorry if i asking a question thats been asked 100’s of times before. i’ve been wanting to get into this for a while, so i talked to westpoint who happened to come by my door and they where talking about getting a line of credit loan, i’m only 24 have have no exp in this field i have 100k in equidy and not…[Read more]

Hi Louise,
I would suggest that you acquire finance from an NZ lending institution,
This will allow you to use the NZ investment property as security over the loan, with a 10% or 20% deposit.

I have access to New Zealand lending institutions/Banks who will finance Australian investors for this purpose.
Feel free to call me for further…[Read more]

Hi Dangermouse,
I have replied to your PM,

Regards
Steven
Mortgage Broker

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

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.

Hi Dangermouse
Feel free to call me anytime on 0402483216.
Regards

Steven
Mortgage Broker

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

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.

Hi Conley & Welcome to the forum,
Talk to a Mortgage Broker with access to a wide range of products/lenders.

Regards
Steven
Mortgage Broker

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

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please…[Read more]

Most Credit providers these days don’t have a problem with Trusts,
Companies can be tricky, In a lot cases director’s guarantees will be required,

When choosing an accountant, make sure he/she is Trust Savvy.
Talk to Dale G at Gatherum-Goss & Assoc,
http://www.gatherumgoss.com/

Regards
Steven
Mortgage Broker…[Read more]

Hi Bear,
Depends on your capacity to service x amount of debt,
Eg, will the repayments on a PPR loan make it difficult/impossible to qualify for an investment loan?

If the answer is yes, then I would suggest an investment loan first; the return on your investment will increase serviceability on the PPR/non deductible…[Read more]

Hi Hagget,
A few suggestions,,
Organize a split loan when releasing equity from PPR.
Split 1: Debt on PPR = non-deductible.
Split 2: Debt on Investment = deductible debt.

Consider a 100% offset attached to PPR portion of split loan.
Place the funds raised from equity (investment split) in the offset account until required for deposits on future…[Read more]

Hi Dangermouse & Welcome to the forum,
Depending on your circumstances and your investing criteria both now & into the future I’m not sure if using the $50K is such a great Idea,

need more information regarding, current lender/rates/product, Current or any planned future non-deductible debt etc.

Regards
Steven
Mortgage Brok…[Read more]

I agree with Simon, Don’t Xcoll, I would only suggest a refinance in the case of a better rate,structure, etc,

On the proposed new loan amount you would qualify for a discount off the SVR,

Regards
Steven
Mortgage Broker

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

PLEASE note comments made shou…[Read more]

Hi Karyn, & welcome to the forum,

If you are fairly new to property investing, then I would suggest you delay organizing your finance with a Mortgage Broker,
Instead, spend some time reading and researching all things P.I,

Formulate a plan, what is your investment strategy? What are your long term goals? Then start with the end in mind,

When…[Read more]

Hi Trisha,
I can highly recommend Westan and the service that he offers,
He & his brother Alvin, have sourced some fantastic NZ properties for a large portion of my Australian based clients who are investing in the NZ property market.

Regards
Steven
Mortgage Broker

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

Low Doc finance is also available to PAYG applicants,

Regards
Steven
Mortgage Broker

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

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.

A LOC is secured, Terry’s point is in relation to how a lending institution would assess a customer applying for finance with an existing LOC, fully drawn or not.

E.g.: $100.000 LOC @ 7.00% 10 year period I/O Repayments = $583.00 per month,

Credit providers calculate serviceability on a proposed loan application using there own specified benc…[Read more]