Getting finance

Viewing 3 posts - 1 through 3 (of 3 total)

busta_
Participant
@busta_
Join Date: 2004
Post Count: 10
October 8, 2004 - 9:32 am
Hi there
I am looking for finance for rehab properties. I need creative finance in being after reno value based loans. i also find alot of deals and am flipping properties at the present. i need cash partners and 100% finance. If any one can be of assistance in any way with links or whatnot please talk as it would be very appreciated.[wacko][party][jerry]
Mobile Mortgage
Member
@mobile-mortgage
Join Date: 2003
Post Count: 913
October 9, 2004 - 4:05 am
Hi Busta,
There are a few lenders currently offering 100% finance, Pepper, Liberty, St George to name a few, certain lenders allow you to borrow over 100% to cover purchase costs, stamp duty legals etc,
These types of loans attract higher rates along with LMI or LEF fees, be aware of the break costs.
Regards
Steven
Mortgage Broker
[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA
PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
October 11, 2004 - 1:55 am
The best way to do renos is to get a LOC on other properties, so you can pay cash for these properties, do them up and sell them – avoiding high discharge fees.
Terryw
Discover Home Loans
North Sydney
[email protected]
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au