I don’t see why you can’t get an investment loan if you intend on investing.

There are a few loans that you could fit into.
They would mainly be assest lend loans. You can borrow up to 65%LVR – 85%LVR depending on your preffered interest rate.

If you are looking to wrap this will decrease the available lenders.
Only to happy to…[Read more]

Like previously mentioned, need more info.

Post code of land
Size of land
Are you self employed, do you have an ABN?

picja@eftel.com.au

afghangirl

If, by chance, Mortgage Hunter is unable to assist, drop us a line.

Specialize in the hard loans.

Only to happy to help out.

picja@eftel.com.au

Mortgage Hunter

I’m sorry,as you seem like a great guy, but about St George I believe you are incorrect.

The 2.5% genuine savings needed is to cover LMI, which is 2.5%.

Also, you can use your FHOG instead of genuine savings. You just have to service at a higher rate, meaning less borrowing power.

There is another 100% product just released,…[Read more]

Mortgage Hunter

I’m sorry,as you seem like a great guy, but about St George I believe you are incorrect.

The 2.5% genuine savings needed is to cover LMI, which is 2.5%.

Also, you can use your FHOG instead of genuine savings. You just have to service at a higher rate, meaning less borrowing power.

There is another 100% product just released,…[Read more]

If worst came to worst. Do an assest lend. As stuart mentioned on another post an assest lend of 85%max LVR, but interest rate is high. 9.5% by memory.

picja@eftel.com.au

Assest lends LVR’s are generally 65 -75%

If you have had a ABN for 2 yrs no problem like Mortgage Hunter said. If you’ve had it for 1 yr still no problem, just higher interest rate.

But there is a loan where it is designed for people who are starting buisness. You only need to be applying for an ABN. You must have ABN by settlement. The max LVR…[Read more]

Just like Mortgage Hunter said.

Call a broker to see if you really are on the best deal.

There is the perception out there that you’ve been with your bank for so long and they will look after me, well, not totally true, when it comes to home loans.

There is probably better loans and rates etc.. So, worth while talking to a broker, just to…[Read more]

I doubt that they can stop you using your equity. For example; what if you went and got a second mortgage with another bank, they can’t stop that.

I would,Refinance and draw your equity out for the deposit etc… for your IP. But like Mortgage Hunter said when your ready to buy.

There are better rates etc.. than your current loan. So refinance,…[Read more]

You might be referring to one of the posts I posted to Sushi03, where sushi03 went to five different brokers before someone could assist. If it wasn’t this posting my mistake.

In this posting I simply suggested that why she went through five different brokers is because, some brokers specialize in A Lends and some in Non-Conforming. If you go to…[Read more]

I spoke to the State Revenue QLD, about two months ago. They stated; there is no set time frame you must live in the property, however you must live in it within 12 months of settlement date.

But if they are looking into it, that’s good. It’s designed to assist people to purchase their first home, people who generally need it, especially now with…[Read more]

If you have one lender for your PPOR (maybe a mortgage and a line of credit for deposits), this lender can not touch your IP’s if something was to go wrong and visa versa. If you use this strategy the lenders with the Investment properties can’t touch your home, if something was to go wrong.

If they are all together and let’s say your PPOR is…[Read more]

Hi,
Only to happy to assist.

Just send us some details. Purchase Price, Post Code etc…
I cover QLD and Some NSW

picja@eftel.com.au
ph: 1300 137 107

The reason you went through five brokers would be because they were brokers that don’t specialize in the non- conforming market. If you went to a broker who mainly deals with A Lends (ie major banks etc..) they generally don’t have a clue about the non-conforming loans.

I’m an orginator with most of the non-conforming and the A lenders. These…[Read more]

sushi03

Drop us an email. With, what and how much the default is for. And where the property is (just postcode is fine) Could get you a better rate.

picja@eftel.com.au

sushi03

If you don’t mind me asking what rate are you on?

If it is your first home loan, why aren’t you taking advantage of the FHOG and buying a property for yourself?

Then when the equity grows and your loan decreases taping into that, to start your IP’s.

Anyway, you should generraly only allow 2 or 3 properties to one lender.

Get an ABN. This will allow you to access Lo Doc loans. Meaning you can…[Read more]

There are lenders who will assist you.
What rate you end up on depends on your credit history and deposit.

If you have 20% and a couple of defaults, no problem. Rate would be about 6.6%. The defaults would have to be paid by settlement though.
If you have worse than this, to get the same rate you would need a higher deposit.

Also if you have…[Read more]

Keep your PPOR loan seperate from your IP loan, another words use two different lenders.

I’m not Newcastle, but quite free to drop me a line.

picja@eftel.com.au

Lo Doc’s are a good way to go, but in a lot of cases you need an ABN and for 2 yrs.
If you don’t have this, then a No Doc is the way to go, although max 65%lvr.

I gather you’re IP’s aren’t wrapped?
Are they with the same lender as your PPOR?

A good way to go is a line of credit from your equity to use for deposit’s on Lo doc loan’s. However,…[Read more]