Recent content by Excess Research

That is essentially what I was exploring. Of course it is ultimately dishonest, but I expect people will be exploiting it to get the best deal.

Does that mean you need to refinance if you ever decide to move out of a PPOR and start renting it out?

What is preventing someone from taking out a non investment loan against an investment property to get the better discounted rates that are no longer offered on investment loans?

I just refinanced 1.3M lending away from ANZ to another lender at 4.34% when ANZ wouldn't budge from 4.55%. They just were not interested in keeping my business. I had been a loyal customer for 15 years. It boggles the mind that they choose to let customers leave only to chase business at...

In my situation I chose to cross to avoid commercial interest rates on 20% of my financing as I was using a commercial property as a secondary security on residential property. I could have a) Paid the premium of a commercial loan on 20% of the lend b) Paid LMI up to a point eg 88% and...

Do you have any equity in property? This would allow you to borrow at home loan rates.

I'll definitely take your advice and keep following the forums. There is always more to learn. On the commercial / resi mix, the residential investment property was bought at auction for $850K and we have a commercial shop worth around $350K. The lending we are seeking is 900K to cover stamp...

Some excellent points, thanks for the feedback. Some further comments 1) 20 basis points on 2M is $4K per year which I'd rather have in my pocket than the banks. Most of it is tax deductible, but I'm pretty tight ;) 2) I don't ever want to be in a situation where my exposure is that high...

Thanks for the advice so far. I'll make sure to avoid cross securitisation of the new structure. What are the concerns with having all lending with the one bank?

Thanks for your reply Rolf. Any particular reason they are on the nose? I've read about some slow settlements, but I'm in no particular rush. There are 4 properties involved and whilst price is not the only factor, it is pretty high on the list. With my current lender I have everything...

We have recently purchased an additional investment property so are using it as an opportunity to refinance at the same time. Had a couple of brokers investigate options for us with the best being Bank of Melbourne @ 4.59% on 2.1M total lending with an LVR < 80%. Seems pretty good to us as it...