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Heya - there's two main sides to obtaining a loan, having the deposits available to purchase and the borrowing power to get the funds your require. Increasing your cash reserves addresses the deposits side directly and MAY indirectly impact the borrowing power side. Its likely that the cash...

You're welcome. I/O is definitely very important - i based the post on I/O loans only. Having a P/I loan will increase your contractual repayment you have to make to the lender. The extra funds that your paying will be considered in your servicing, and reduce the 'surplus' income you...

We don't get access to preferential treatment when compared to going to the lender direct. Nonetheless, most brokers have access to lots of information re pricing and can leverage that information to get the appropriate 'discount'/market rate. With that in mind, you should be getting a...

Howdy, good question. Yes it will. There are a number of factors that go into ones credit score/history. Different banks use different credit scoring models (Big 4), with many not using them at all (middle tier lenders usually). Summary of the factors: 1. Age of your file: The longer...

See above responses mate.

Thank you remingbi - glad its useful. It terms of 'foundation' lenders, I typically like to go to lenders that treat debts that you hold with them similar/the same as debts you hold with other banks. So: St George, ANZ, Suncorp. You'll also need to keep in mind their equity release...

Think of it as recycling the borrowing power you have for your first property for your 4th/5th property by switching lenders. If you purchase at 6% yields, you may be able to refresh that original $500k borrowing power by switching lenders to those that take actual repayments At todays...

Great advice Rixter, completely agree with your first line (as its how I view my own investing). Is there a Rixter interview available to read for the SS community? :) ;)

Haha quality line oc1.

Not at all mate, there's plenty of other ways to work it. As I mentioned in the post, over time as investors grow their portfolio, they work themselves to your lenders anyway. Perhaps get your broker to check your servicing with Westpac other middle tier lenders for your next deals - if...

Yep - can go well into the millions with a much lower income too, using the same principles outlined.

Hmm, it'll cost a bit less than $1k per property. Plenty of banks have refinance offers going on too. Given where your at, then going to NAB shouldn't matter at all for your overall lending profile. Cheers, Redom

Haha, that would've been one happy customer! Its not just CBA, the other majors are similar. NAB tend to consistently beat the others I find, or are willing to accept lower margins. Cheers, Redom

Hmm that's surprising they won't go down lower than that given competitors - did you speak to retentions? Perhaps give Brady a buzz and see if he can hook you up. I generally wouldn't suggest moving on price alone given they tend to fight it out. Are you <80% LVR? In terms of lender...

Lenders that have relatively conservative borrowing calculators. As Jamie mentioned, those that assess debts you hold with other institutions higher than your actual repayment. In relation to your second point, for a first time investor, the differences between borrowing capacities at the...

For those interested, I thought it was worth sharing some principles that allows investors on average incomes to grow multi-million dollar portfolios. The most common response I get when I talk about borrowing power with clients in todays low rate environment is a sense of shock/excitement...