All banks do a pricing when confronted with a better offer from another bank. A good mortgage broker knows how to play that game, although it doesn’t always work.

Yours sincerely
Rolf Schaefer
RJA Financial Services Pty Ltd
Accredited Mortgage Broker
Tel: 03 9753 9044
Fax: 03 9753 9055
Mobile: 0422 907 022
E-mail: [email protected]

Guys,
just a few additional hints:

Westpac
1. Westpac’s package is the most flexible product when it comes to Top-Ups and Loan Structure.
2. It is not limited to 5 loans (like you said), but unlimited number of loans.
3. Also, you say that owner occuppied and investment rates are different, that’s true, however only for 2 products namely the…[Read more]

Hwd007,
please also keep in mind, lending is not all about LVR but also about serviceability.
Experience shows that while you may be at the end of your serviceability with one bank another bank may stil give you a loan.

Yours sincerely
Rolf Schaefer
RJA Financial Services Pty Ltd
Accredited Mortgage Broker
Tel: 03 9753 9044
Fax: 03 9753…[Read more]

All,
lending in a hybrid trust structure is generally done by almost all lenders. The key to success are a few things:

Keep it simple, by that I mean to have the title in the trust name but do the borrowing under your personal name with the trustees signing as guarantors (yes, in most cases these people will be identical, but that’s the way the…[Read more]

Borrowing money to purchase/re-finance a property (investment or owner occupied) can be a challenge with same banks when the title is held in a trust (especially when the title is held in an incorporated trust = pty ltd).

Challenges are:
1. Getting professional discounts (Westpac and ANZ won’t give these discounts as per their policy)
2. You are…[Read more]

Hi ArchiZEN,
a good mortgage broker should be able to point out to you the pitfalls of lending (such as cross-collateralisation, offset vs line of credit, trusts, mortgage insurance, etc).
Don’t give up, the answer is always easier then one thinks.

Regards
Rolf Schaefer
Accredited Mortgage Broker
03 9753 9044 [][][]

Yours sincerely
Rolf…[Read more]

Hi Steve,
I really like the intro which sets the scene right from the word go for positive cashflow property investing. I myself have been badly burnt with negative gearing and can only say to my fellow investors: “Let’s be careful out there”.
Another scenario which is pushed by bad advisors lately is re-financing and debt consolidation, so let’s…[Read more]