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  • Profile photo of nrhillnrhill
    Member
    @nrhill
    Join Date: 2003
    Post Count: 3
    April 6, 2003 - 9:42 am

    The best place to start is give your council a call, speak to the person in the Dual Occupancy section and they will be able to give you the inforamation you need.

    Nathan

    Profile photo of nrhillnrhill
    Member
    @nrhill
    Join Date: 2003
    Post Count: 3
    April 1, 2003 - 1:48 am

    Thank You everyone for you replies, they are very helpfull. I will definetly keep exploring the different options as you said, I do have a bit of time up my sleeve, so I will use it to my advantage.

    The broker doesn’t charge any fees, but she doesn receive a percentage depending on the lender.

    I am meeting with St George next week, and another broker at the end of this week. So, I will keep you up to date with my progress.

    thanks again for all your help.

    Nathan

    Profile photo of nrhillnrhill
    Member
    @nrhill
    Join Date: 2003
    Post Count: 3
    March 31, 2003 - 4:24 am

    Thanks for your feedback guys,

    The Ip is valued @ $340,000. I have more equity available but want to take the loan to 90%, so I can have more cash available for another IP in 6-12 months. On my current wage and rental income, I have the borrowing capacity of $500,000 +, so I don’t think risk should be an issue.

    The only other features I want in this home loan, is either a 100% offset account, or direct salary crediting with redraw (free), so I can save interest while saving for the next IP

    The above loan was through Sun Corp (I think), there were two other very similar loans the broker offered, one was from CBA, and the other from Home Line.

    Thanks for you help

    Nathan

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