Hi people i have a property with some equity behind it , but i do not want to put that property as security to purchase the next property, like a mortage over the first ,
i would like to get 100% finance on a property worth 300k, also iam self employed and have alot of credit enquires due to a moron broker that shoped around. now can someone point me in the right direction thanks.
Line of credit on first property for deposit on second property to lower second property lvr to 70% and borrow from another bank .
Thus second property is not secured by first property
Do not sign privacy release until finance is approved thus no extra adding to credit reportIf credit rating is crook borrow from a non-bank lender
do a search in google for australia on
non conforming home loan
then if needed refinance when your credit rating ok again.
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