Forum Replies Created
I am may be niave here Redwing … but if investing within Aus on property, how is the retreating dollar going to affect us.
Not trying to be smart or anything .. hopefully maybe learn something that I wasn’t aware of
wejons1
how long can you service the debt if there is no tenant?
you have to look at that, you are not always going to have a tenant, your income must provide for it
that is why people have to stop at a few properties if the have negative geared them
wejons1
I believe it comes down to cashflow and I believe the banks look at worst case scenarios and sees if you have enough cash to cover all loans.
If I am right, let me know if I am not, then you need to improve your cashflow scenario.
wejons1
To me they are just being greedy … They signed a contract and our now asking you to help them gain money they weren’t going to get but without sharing any with you!!
Stick to your guns, you aren’t doing anything illegal and what garauntee is there that would actually resign??
wejons1
Hi,
I have one IP in Tassie, 1300 – 3 bed, one IP in Toowoomba, 1300 – 4 bed and one IP in western nsw, 1400 – 3 bed.
My PPOR in Wollongong, 790 – 3 bed, and I thought NSW would be the dearest … go figure!!
wejons1
Hi,
I have used both … initially i went through a mortgage broker. Everything was fine when I bought my own place, couldn’t ask for better service. I then however had major issues, using the same broker, when I purchased my first IP. I have since gone back to the bank directly and have had great service. Found a great mobile lender, lucky me.
The thing to remember is that you must shop around for a good broker, they are not all the same, just like the banks. The other thing to think of is that if you have any issues with your loan(s), the bank will usually direct you back to the mortgage broker since the loan went through a different department, this happened to me. So you now have a third party to go through.This can cause headaches, you have the bank blaming the broker and the broker blaming the bank (happened to me again), yet all you want is your problem fixed.
Everyone has had issues with either a broker or the banks, the important thing to remember is that regardless of who you use, find a good one. Makes life so much easier.
Good luck
