Probably best i dont comment on such organisations as the quality of staff and experience within these organisations is reflected in what they earn.

Most of these organisations would have no idea how to structure a loan properly and have no experience in dealing with investors. There are few organisations out there of which many of the Banks will not deal with due to the level or Professionalism.

Guess like anything you get what you pay for.

Gezza

No most lenders will not consider income from border or lodgers to increase your serviceability however like anything there is always one or two who will if the lvr is right.

Why not post what they recommend and we can comment on it for you.

Jen

Save you money and the stress and pain you will go through.

Let alone the bully boy sales tactics.

Read the previous comments in this post about people who have been ripped off by this organisation.

I have clients who almost feel into the trap of attending a seminar and then saw the folly of their ways…… just in time.

Shales

Q- Do you structure a seperate loan and a seperate offset account for each property? 

No need. As long as the loan amount is > than the offset amount you can maintain 1 offset account.

This assumes all of the properties are held in the same entity name.

You wont convince the lender to waive these as they are his economic cost of repaying the loan.

Terry can i answer that one for you ……………… NO

Hi Lucy

Not an easy answer on a forum but here goes.

I would be switching the current loan to an interest only loan with 100% offset and put everything into this account.

If when you come to purchase the new IP later in the year get the current property revalued and set up a LOC against the available equity.

Draw this down to proivde a deposit / acquisition costs and retain the cash in the offset account.
This way the interest is tax deductible yet you still have flexibility with the loan.

These funds can always be used once you find a new PPOR but in the meantime keep them liquid.

Interest will be charged on the land and then on the progressive stages until the loan amount is fully drawn and the property completed..

Nancy

Sorry call me old fashioned but how will a US loan modification workshop benefit an Australian client with all of his loans and securities in Australia when you consider the vary differences in lending policy between US and Australian lender?

Now if you are telling me you can arrange Foreign National loans for the US thats different and I will come myself.