Not sure i understand the broker said i can only borrow $260,000

I would love to do that! The loan only came out at $260,000 maybe the banks are starting to hold back their lending.

Thanks i don’t think i can justify putting so much into this apartment

Thanks alot ill email you both soon

Hiya no furniture in the house someone is already in there.
I was thinking that buying a established unit and furnishing ive seen units 100 meters away $100,000 less i travelled to the gold coast and viewed the properties but I’m told buy new buy new buy new!
I think the best option is buy my own home like corey said considering rates are so…[Read more]

Hi i was told because I’m not earning enough through work so i cant borrow as much and the banks are also cutting back on lending.
I spoke to the mortgage broker today it’s actually $90,000 now not the $100,000.
The loans are not xcolled this mortgage is with a new bank.
I’m not happy with the huge deposit the 90,000 is everything including…[Read more]

Thanks for the reply yes I’m going through a mortgage broker the thing is I’ve got 3 other investment properties in other states that are affecting my cashflow but they are all postive geared.
I’m not to keen on the putiing the $100,000 into the apartment even though im told it’s like putting your money into bricks and mortar not the bank.
I…[Read more]