We are looking at buying our first home which will be for investment purposes. We are currently in company acccommodation and this will stay this way for sometime so are not in a position to buy primary residence. We have been searching for homeloans and am having a nightmare. We are hoping to buy in Perth area for max amount 220K, but hoping not to have to come up with anywhere from 25,000+ to secure a bank loan. We don’t have any credit rating problems and have been told by bank etc we can borrow up to 350,000.
Does anyone know any other good products?
What are your views on P & I loans or Interest only?
Any help whatsoever would be good.
Don’t focus too much on the exact loan. I think the effort at this stage shouldbe in identifying the type of property and the location.
If you qualify for finance the a good broker will point you in the right direction quite quickly.
I would be inclied to recommend IO, also a lender that will capitalise LMI so as to minimise the funds required up front.
All the best,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Hi Conley & Welcome to the forum,
Talk to a Mortgage Broker with access to a wide range of products/lenders.Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
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