Hi Liz,
You are absolutely correct, U.S based finance is a much better option, this method would help free up available Australian based funds/equity for deposits etc on more properties, Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
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 currently in the process of trying to source finance in the USA for a number of my clients who are investing in the USA, if I am successful I will let you know, Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

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

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 483 216
[email protected]
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, p/code, standard or low doc finance etc,

BTW, I wouldn’t use the unencumbered block as part security, by all means use the equity in the block for the deposit or the shortfall in LVR but no need to x.coll the 2 properties over a single loan, cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

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

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 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

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

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 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

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

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 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

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

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 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

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

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 the investment split for future deposits on separate loans, this structure will help avoid cross colaterisation issues on future investments.
Feel free to contact me if you require clarification or help in setting up this structure, Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

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

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
[email protected]
http://www.mobilemortgagemarket.com.au

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