To add to Dels comments,
Weston has been an enormous help for a number of my clients who have purchased in NZ,
His help and guidance has been nothing short of fantastic.
Regards
Steven

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,…[Read more]

Hi Cameron,
You may qualify if you can service the loan with current and proposed future rental income along with unemployment benefits,
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…[Read more]

Line Of Credit,
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.

Originally posted by happytrace:
Hi everyone
I have a question sort of on behalf of my parents because I really want to help them in their current situation. They are currently renting but looking to buy a home soon to live in for retirement. I was wondering if being on the wrong side of the hill (don’t mean to offend anyone here just having a…[Read more]

Interest only loans can vary in length, 10 to 15 years,
Upon conclusion of the interest only period you may negotiate another Interest only term or refinance with another lender,

Contact Simon (Mortgage Hunter) he is also in NSW,
Regards
Steven
Mortgage Broker

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

Here is a link to a site with a Capitalisation Rate calculator,
http://htwresearch.com.au/commercialproperty.html
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 PenguinJr,
Capitalisation rate is the income divided by the purchase price as a percentage,
The lower the capitalisation rate, the higher the value.

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,…[Read more]

Hi Felicity,
I think the Agent is bound by Law to submit all offers to the vendor,

I would be inclined to put an offer in writing and present this to the Agent, If the Agent declines to forward your offer to the vendor then contact the vendor direct with your offer, Good luck,
Regards
Steven
Mortgage…[Read more]

Hi Kreman,
11% is a very high rate,
Give me a call or Send me your contact details and I will see what I can do,
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]

HSBC will lend to 80% LVR for IP & PPR with no LMI
And up to 90% LVR with the borrower paying the LMI insurance premium,
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 Jay
At times there may be benefits in paying interest in advance,
E.g.: To minimize tax and maximize cash flow over a certain period, (speak to an accountant for specific details and advice)
However, if the loan is regulated (funds for personal use, not for investment purpose, under the UCCC) the interest on this loan MAY not be tax…[Read more]

Hi Casey,
Congratulations, You have done a fantastic Reno,
I love the polished boards and the verandah; the bathroom looks great to, dont mow that turf to short,,
An excellent transformation, well done,
Steven.

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

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

Hi Ozzienite62 & Welcome to the forum,
Borrowing more funds will depend on the LVR of your portfolio,
I would suggest you contact a good mortgage broker, and discuss the best way to structure your borrowing both now and in to the future,
Regards
Steven
Mortgage Broker

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

Hi Alf
HSBC Acceptable income,

Rental income 100%
companies, Trust 100%
Investments income 75%
Part time/Casual or 2nd job, 1 year continuous 100%
Bonus/Overtime 50%
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…[Read more]

Marty
It may be a good idea to consider spreading your debt with a couple of 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 seek professional,…[Read more]

Hi Gemmagirl,
You could withdraw the equity and use this as a deposit on your next IP,
Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Victoria

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

Currently the ANZ & Westpac standard rate in NZ is 7.50%
I source finance at 6.85% and no account fees,
on a $200.000 p&i loan that’s a saving of $84.00 per month,
Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Victoria

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

Hi Westan
I have contacted the lending institution for a list of the valuer companies they use in NZ,
As long as you use the valuer on the list then what you sugest will be fine, I will e-mail the list to you as soon as I receive it,
Kind Regards
Steven
Mortgage…[Read more]

Some more info, In response to the high level of inquiries I have received regarding finance for NZ,

Standard Rate 6.85%
Standard Application Fee $330.00 (Aust $)
Legal Fee (1 Property) $425.00 (NZ $)
Valuation Fee $500.00 (NZ $)

Regards
Steven
Mortgage…[Read more]

Eternity,
I have sent you a PM
regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Victoria

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