Finance for 2nd IP in VIC

Viewing 11 posts - 1 through 11 (of 11 total)

Jon
Participant
@wealthyjvd
Join Date: 2008
Post Count: 175
October 24, 2012 - 8:53 am
Hi all,
My partner and I currently have 1 IP in Vic and have made the decision to go for a second.
We are seeking finance for a property going up for Auction in about 3 weeks. We have a bank valuer going out to see our original IP to determine how much of a 'top up' we will be allowed on the the existing loan. With the intention of using those funds for a part deposit along with the funds we currently have.
Can anyone recommend a finance broker who does not charge up front fees ASAP.
John
Jacqui Middleton
Participant
@jacm
Join Date: 2009
Post Count: 2,539
October 24, 2012 - 9:24 am
Generally Mortgage Brokers don't charge fees. They get paid by the bank if and when the loan is approved and settled.
Two brokers who are well respected on these forums are Richard Taylor (userid Qlds007) and Jamie M. Either of them could tell you straight up if your timeline and objectives are achievable and assist as appropriate.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone Me
VIC Buyers' Agents for investors, home buyers & SMSFs.
Jacqui Middleton
Participant
@jacm
Join Date: 2009
Post Count: 2,539
October 24, 2012 - 9:25 am
by the way… you don't need your broker to be based in VIC. You just need them to be great at what they do. I am based in Vic, my investments are in Vic, and Richard is my broker, yet based in QLD. You have the power of phone, internet and, dare I say it, fax.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone Me
VIC Buyers' Agents for investors, home buyers & SMSFs.
Jon
Participant
@wealthyjvd
Join Date: 2008
Post Count: 175
October 24, 2012 - 9:56 am
Thanks for the advice. I might give Richard a call,
Jacqui Middleton
Participant
@jacm
Join Date: 2009
Post Count: 2,539
October 24, 2012 - 10:11 am
If he doesn't answer the phone, just email him. The man is always out and about somewhere, but is always on the job shoving mortgage applications forward.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone Me
VIC Buyers' Agents for investors, home buyers & SMSFs.
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
October 24, 2012 - 10:19 am
You'll be in good hands with Richard.
Location isn't an issue.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Jacqui Middleton
Participant
@jacm
Join Date: 2009
Post Count: 2,539
October 24, 2012 - 10:35 am
Ah there you go… there is Jamie M himself! Now you have both of them! Pick one and storm forward with your plan
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone Me
VIC Buyers' Agents for investors, home buyers & SMSFs.
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
October 24, 2012 - 10:58 am
Thxs guys appreciate the wrap.
Jac your Xmas pressie will be bigger than normal this year lol.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Jacqui Middleton
Participant
@jacm
Join Date: 2009
Post Count: 2,539
October 24, 2012 - 11:15 am
Hi Richard, let's just go shopping for bricks. It'll be the funnest shopping day ever. I'll show you my favourite investment suburbs
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone Me
VIC Buyers' Agents for investors, home buyers & SMSFs.
Jon
Participant
@wealthyjvd
Join Date: 2008
Post Count: 175
October 24, 2012 - 12:13 pm
Email sent to Richard. Thanks!
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
October 24, 2012 - 9:51 pm
Bricks to me sounds more fun than shopping for handbags.
Your on when i get back from the UK.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender