I’d like to know the best place to get a loan. Are they all basically the same? I always end up forking out 20% cash no matter how positively geared the property is. Interest rates of course are important too.
Any suggestions?There is no best place and not all lenders are the same.
Is like asking what is the best car for you? Without knowing your needs I couldn’t answer that one either!
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Hi Jefferson. The world is your oyster….. Seriously though, a lot would depend on whether it is for an IP or your own home. That said, there are many bank and non bank lenders that will lend up to 95% now, as long as you can service the loan, and that there is no problem with lenders mortage insurance, which as a general rule of thumb is required if borrowing more than 80% of the property price. Often what happens is in some areas, the lender will not lend over a certain amount of money at 90 or 95% LVR purely because of where th property is located, perhaps that is why you may have always had to borrow more? All the best.[strum]
you need a gun mortgage broker. The best broker will alwaysa be able to find you the best loan
Live, Learn and GrowLifexperience
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