Lending options apart from big 4

Hi Dean,

There are some great options out there for investors especially if you are below 80% LVR. As Jamie mentioned before it always pays to ask your current lender for a better rate but in the current climate you may not like what you hear.

If your bank can’t help you out I suggest you use a mortgage broker that specializes in investment lending. Their services are free and will save you countless hours wasted trying to get a result from the banks. Our broker works mainly with property investors and has been achieving great results for clients.

Feel free to email me if you would like more info.

Not the worst interest rate out there, but likely to be able to be improved depending on how you would like to have it structured. With the right lender you could get a an IO loan in the low to mid 4’s, else if it suits your strategy there’s P&I options at sub 4% at the moment.

To get the best bang for buck – have a chat with a broker who will be able to let you know what your existing lender should be able to offer you without having to move, and then compare that against options which may be available elsewhere.

There’s quite a bit written about that product – in most cases you end up coming worse off than if you had an aggressively priced PPOR and IP debt. The big caveat is that you can only get as low as that interest rate if you have multiple times the amount of IP debt at a substantially higher rate to offset the interest saving.