Plenty of brokers out there just do your research on them and read p on their backgrounds.

Google, LinkedIn and websites always a good place to look =D

Thats excellent Richard, will keep you in mind if there are clients that fit this Niche.

Hi Gags327,

There are lenders who will accept a personal loan as a deposit, they would need to see that you can pay that loan and the new home loan as well.

I have usually stayed away from this as ideally I would to make sure I am not over extending my client financially, also we would want to see some commitment from the client.

In saying that…[Read more]

Compeltely agree with the Dark Knight!

SMSF have harsher restrictions on security, even more then normal lenders as they need to keep in mind doing the right thing for Super.

Agreed with the guys above, might look into a lender who can blend the loan, do the applications all in one residential and commercial, but keeps the rates separate.

Commercial lending is gagging for business so they rates in most cases are lower then residentials.

This means they can look at the scenario with both the commercial and residential…[Read more]

I have always been a strong believer of renting where you want to live (usually cannot afford to buy) and invest in places which can either give you potentially higher yield in rent or property increase in value.

If you cannot afford to buy in Sydney as everything is $1M, then have $1M in investments spread around works out the same. The main…[Read more]

Hi dana_c_83,

For a investment it depends what you are personally looking for, there are quite a few school of thoughts on the best ways to invest. Personally if you have enough money and income buy something to start and learn by buying.

My number one rule – take any emotion out of purchasing a investment property it has to be purely financial…[Read more]

Madd Loans in Brisbane
Is run by a excellent Broker George Samios.

Hi Jojo,

Any additional borrowing is always going to reduce your serviceability for future investments, the bank has already put in calculations that if you earn X you would be able to have the amount Y in funding.

You can increase further funds either on the current loan or a new split it can be used for a renovations as long as there is enough…[Read more]

Agreed with Corey.

As long as there is a ABN is setup, profits can be evident in the business account.

You would require 12 months minimum ABN and a tax return to support this income, the lenders can use this additional income with your current employment income.

Its a excellent way to boost your income and make some extra dosh on the side.

Hi Michael,

The replies above are spot on.

With the broker setting you up with a LOC i believe is a expensive version of standard loan with a redraw facility.
Line of Credit works well for business owners who need to usually multiple daily transaction.
LOC also allows no repayments on this loan and they just it can “capitalise” the interest on…[Read more]

Hi Michael,

With the broker setting you up with a LOC is a expensive version of standard loan with a redraw facility.
Line of Credit works well for business owners who need to usually multiple daily transaction.
LOC also allows no repayments on this loan and they just it can “capitalise” the interest on top of the loan until it is maxed out.

If…[Read more]

Hi Jprop,

Most lenders will shy away from Regional lending due to the low population numbers and sales. Also the prices are much lower and in some cases land size is outside their policy guidelines.

There is 2 lenders that come to mind that are happy to assist Australia wide with no postcode restrictions, this means there is no discrimination of…[Read more]