All Topics / Help Needed! / Multiple Property Mortgage Template

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  • Profile photo of Don NicolussiDon Nicolussi
    Participant
    @don
    Join Date: 2005
    Post Count: 1,086

    Hi All,

    Hopefully the mortgage brokers might know. I am looking for a template/spreadsheet/attachment suitable for investors who have multiple properties. The standard applicatiom forms have limited space. What is the generally accepted format?

    Cheers.

    Don Nicolussi | Property Fan
    Email Me | Phone Me

    Learning, having fun and doing it!

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493

    It is simply an attached sheet listing the following…

    Property Location, Property Value, Amount Owing, Interest Rate, Monthly Payment.

    If you are using them as security, write the address in the location instead of just the suburb & State and don’t include the amount owing, interest rate and monthly payment as this will be accounted for in the new loans being applied for.

    Has your broker not done this for you???

    The Mortgage Adviser


    http://www.themortgageadviser.com.au
    [email protected]
    Essential Links


    Profile photo of Don NicolussiDon Nicolussi
    Participant
    @don
    Join Date: 2005
    Post Count: 1,086

    Hi,

    I was hoping there was some template in the industry that deals with larger portfolios.

    Cheers

    Don Nicolussi | Property Fan
    Email Me | Phone Me

    Learning, having fun and doing it!

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493

    A template is not needed. Not many people have enough properties to require it. There is usually space for three or four properties on any application and most people don’t usually refinance more than this in one hit.

    The Mortgage Adviser


    http://www.themortgageadviser.com.au
    [email protected]
    Essential Links


Viewing 4 posts - 1 through 4 (of 4 total)

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