Forum Replies Created
Firstly Bradely – have you had a look at Toowoomba or I hear Oakey (west of Toowoomba)is starting to go. They just have a new army or airforce contract in the place. Rentals are far and few in between. Investment properties – Prices average 70k. Investor’s are starting to move in. One bought ten properties their just last week. Whether this is your type or not, I don’t know
Are you aware of the 100% products introduced recently with interest rates of 6.87%.
One particular products requirements for this loan is:
Investor;
1)Min. income $50000
2)2.5% of own funds to cover costs
3) Min net assests of $175000Owner Occupied;
1)Genuine Savings of 2.5% to cover costs or FHOG
2) No requirement for Min Income or Net Assest position, However does need good income to service the loan.
P.S. there are different sorts of genuine savings than just saving into a bank account.ALSO I think Liberty’s rate is a bit cheaper than what Stuart said. It could be 8.75% for a 110% Loan and 8.5% for the 105% loan. However, I will post confirmation of the corect interest rates tommorrow.
AND, some other methods you may want use is Superannuation Funds – these funds will lend their superannuation on property.
Marcell,
Yes you can recieve a loan, however depends on a few things eg. location, purchase price and deposit rate.
If you would like to discuss your details
email: [email protected]
Harold,
You also may want to contact me as our Lo Doc loans have no ongoing fees and other benifits, also revert back to standard variable after 2 years generally.
