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 there where the rate is around the 6.45% mark.

All I have done is put some decent interest rate loans on here so Nat had something to start with. I could have posted every single detail about every loan on here but that would have taken too much time.

I have been in the finance industry for 20 years. So I think I know a little bit about finance.

If you want to question me about most loans in australia, I have access to all the information that doesn’t get released to the public.

Kerri

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:[email protected]
E:[email protected]

Development Finance Specialist

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: http://www.pfsfinance.com.au
E:[email protected]
E:[email protected]

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 $302,000
Heritage building society $434,000
HSBC $354,000
Homeloans LTD $453,000
Homeside $553,000
IMB $468,000
ING $433,000
Macquarie $443,000
Maxis $502,000
Rams $502,000
St George $505,000
Suncorp $379,000
Westpac $481,000

Hope this helps

Kerri

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:[email protected]
E:[email protected]

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 rates are indication only.

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:[email protected]
E:[email protected]

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. This can help if the property is damaged by tenants, do a runner or you have problems getting tenants.

Good Luck

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:[email protected]
E:[email protected]

Development Finance Specialist

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 personal details on here feel welcome to message me.

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:[email protected]
E:[email protected]

Development Finance Specialist

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 and how much the lenders will lend you.

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:[email protected]
E:[email protected]

Development Finance Specialist