Hi all!
New here but I'm getting into the market again. I'm looking at aquiring my second investment property but is so hard dealing with the bank I'm currently with. So I just want to find a mortgage broker that can help me get the best rates and also help me so I can use the equity in my current investment property. My property should be worth around $260,000, loan of $155,000 remaining.
Hi Zenny
Dont want to be rude but if you only want to use a MB to get the lowest rate probably going to find you will be disappointed.
The lowest interest rate today will not be the lowest in a months time or a month after that.
A decent broker will help you structure the loan correctly to enable you to purchase what you are after and will provide you with a flexible loan product that works with you and not against you.
He also understands your needs as he works for you and not the lender.
In the current climate this can be critical.
Richard Taylor | Australia's leading private lender
We work with several mortgage managers who might look at wholesale rates
Thank you Hans,
We have given Hans and brokersite several candidates and they are very happy with your professional and experienced services … I will keep sending people to you …
Thank you wealth4life, we appreciate the endorsement
If only creating wealth was about the interest rate. Sorry it is not that simple. In who's name is the property- is a business structure appropriate?, Does your loan capitalise interest? , does yoor loan have offset account(s)?, what are the land tax consequences of your structures after further purchases, what about depreciation, CGT, and further loan increases for the astute investor????……. When someone has a focus on the interest rate questions have to be asked? I have many investment properties and although a nice rate is good, I cannot become wealthy if my loan capacity is nil due to the cheap arse loan that that cripples my investment moves…….. think structures and strategies……… http://www.birchcorp.com.au
I agree number 8, through clever structures one can acquire more properties than just buying in own name and killing servicability for further borrowings.
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