Hi Guys I want your opinion. I’m looking for finance for an Investment property.
I would like to get an Interest only loans with an interest rate up to 6.25%
Is that a dream or do I have a chance to get this deal?I’m thinking of placing an Ad in the Age…but would like your Ideas first. [confused2]
Cyberman
Hate to be the bearer of bad news but considering the Reserve Bank Cash rate is 6.25% you will have absolutely NO chance.
Depends on what you are after variable / fixed rate , LVR, monthly / annual fees / full doc or lodoc, loan size etc etc.
Remember the lowest interest rate is not necessarily the best loan. There are many other factors.
Cheers
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
[email protected]
Looking for life cover – We Guarantee to beat any quote you have in writing.Richard Taylor | Australia's leading private lender
what state are you living in . I am in Victoria. You should be comparing the comparison rate as you should not go by the interest rate but rather the comparison rate as it takes into account fees you will get charged.
I can’t match 6.25% for a loan..Duckster Financial Services
http://www.ducksterfinancial.com
Helping to make the great Australian Dream come true !Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Hi, I’m in Victoria
I was hoping that I might attract a private Investor who would invest
their money into my property rather then a bank that would even pay them lower interest.I suspect it’s not all that hard to find a term deposit rate at a bank that is higher than 6.25%.
ScottTax Depreciation Schedules
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http://www.depreciator.com.auFor a Finance Broker in Melbourne try:
Cameron Perry
http://www.propertydivas.com.au/7ProfServ/Professionals.aspx?cmaid=1616e4b5-9bbf-4e0b-bd7d-ac23f83d55bd&cmstat=ProfallAmandaBS
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Originally posted by depreciator:I suspect it’s not all that hard to find a term deposit rate at a bank that is higher than 6.25%.
ScottTax Depreciation Schedules
Australia wide service
1300 660033
[email protected]
http://www.depreciator.com.auI think ING direct offers around 6.50% atm.
Terryw
Discover Home Loans
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I hear the tooth fairy pays 8%
Ring a MB.
[specool]
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