Tasman

In regards to “These are base variable rates not discounted or honeymoon” I mean’t the ones that weren’t marked package were not a 12 month discounted rate which goes to a higher variable after 12 months.

I have just pulled some okay interest loans off the datebase that I have(This is updated daily”

There is basic variable loans out…[Read more]

Its depends where the property is and the size of the land. Lenders go on postcodes.

Expect a lower LVR anything from 50%-80%.

If the property won’t be accepted by conforming lendings (such as the banks) you most likely will have to go to the non conforming lenders so expect to pay a higher interest rate.

Financial Wellbeing Coach
W:…[Read more]

Also you might want to obtain a loan pre-approval before you go house hunting, just to make sure you qualify.

Before you sign any Purchase Contact for Real Estate, you might also want to put a “Subject to Finance Clause” on it to safeguard yourselves.

Kerri

Financial Wellbeing Coach
W:…[Read more]

You should be able to get a mortgage at 90%.

If you want a maximum borrowing cap, please let me know.

I need income details to do one.

Kerri

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:loans@pfsfinance.com.au
E:financecoach@optusnet.com.au

Development Finance Specialist

Some maximum borrowing caps for you.

Please note these are estimates only based on the information supplied and should only be used as a guide. This is not a approval of the amount to be borrowed, final approval rests with the lender.

Adelaide Bank $457,000
AMP Banking $463,000
ANZ Bank $490,000
Bankwest $416,000
Citibank $428,000
CBA…[Read more]

Need your gross income p.a. to do a borrowing cap.

Kerri

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:loans@pfsfinance.com.au
E:financecoach@optusnet.com.au

Development Finance Specialist

Hi Nat

Some IO Loans. These are base variable rates not discounted or honeymoon.

NAB LOC under package 6.47%
IO Base Variable Rate 6.47%
NAB Variable under package 6.37%

Suncorp: Elite Ready Access: 6.37%

IMB- Budget Investment Loan : 6.45%

Bankwest- Lite investment loan : 6.45%

ANZ: Breakfree package: Variable investment loan 6.47%

All…[Read more]

Are you living in Australia at the moment and are you employed?

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:loans@pfsfinance.com.au
E:financecoach@optusnet.com.au

Development Finance Specialist

Welcome Shelby

Debt can be a bit scary, but by structuring it correctly and not overcommitting yourself can save a lot of financial headaches.

Just take you time and don’t rush into anything.
Do heaps of research and figures on any property you are considering purchasing.

Also make sure when you do purchase an IP do get Landlords Insurance.…[Read more]

Most Lenders will take 80% of rental income towards servicing loans.

I have just done a quick borrowing cap and I think you can borrow a bit more than $300k.

If you want to message me, I can give some maximum borrowing caps for different lenders.

Kerri

Financial Wellbeing Coach
W:…[Read more]

Second mortgage is too expensive.

You might need to refinance or speak to your present lender about increasing your existing debt on your home by getting another loc/loan to access your equity.

Have you checked if you can service an increased loan?

How much are you looking at increase your borrowings?

If you don’t want to post any more…[Read more]

Question- What sort of loan is the one on your home eg: variable, LOC , 100% offset.?

Because you still have a debt on your own home you nedd to structure it so you investments are interest only and you are making principle reductions to your home.

Financial Wellbeing Coach
W:…[Read more]

I would do the figures and look at both options.

The grant is $7,000- no matter what you buy to live in. A couple of years ago there was a extra $7,000- if you built.

You might want to get a borrowing cap or a loan pre-approval for finance before you really start looking, as this will give you an idea on what property price range you can afford…[Read more]

Rob- Will check my PI Cover Tomorrow.

Any sanctions from lenders doesn’t worry me as I will just drop my name off our present company and leave it trading in my hubby’s name. He is nearly as qualified in finance as I am.

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:loans@pfsfinance.com.au
E:financecoach@optusnet.com.au

Development…[Read more]

I think I’ve got a brown thumb also.

Anyway off to bed. I have to adjust back to normal hours before my kids come back on friday.Then they’re back to school on monday.

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:loans@pfsfinance.com.au
E:financecoach@optusnet.com.au

Development Finance Specialist

It hailed in Melbourne between christmas & new years and even snowed on Mt Buller. Couldn’t wait to get back to the heat.

How can you survive with no air con. I know I couldn’t.

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:loans@pfsfinance.com.au
E:financecoach@optusnet.com.au

Development Finance Specialist

No Probs Rob. I’ll let you know.

So what’s happening with you and IFHL?

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:loans@pfsfinance.com.au
E:financecoach@optusnet.com.au

Development Finance Specialist

Hey Steph

How’s the property market in Geraldton.

I’d rather the heat than the cold anyday. was in Melbourne over Christmas and I’ve never been so cold in my life, and I used to live there.

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:loans@pfsfinance.com.au
E:financecoach@optusnet.com.au

Development Finance Specialist

He said they will contact me in the next couple of days as they are flat stick. He also said about flying to Sydney for accreditation.

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:loans@pfsfinance.com.au
E:financecoach@optusnet.com.au

Development Finance Specialist

I’m in qld so its only 1.15 here.

I thought that would be the case that they’d still get heaps of apps.

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:loans@pfsfinance.com.au
E:financecoach@optusnet.com.au

Development Finance Specialist