Hi All,
I have a question about what options I have to fiance a 2nd property (first IP)
My Fiance and myself bought our first place Nov last year for 430k, we owe $409k on this now, a townhouse just in the same part as ours (exactly them same as ours) sold for around $490k (I need to get a valuation of my place), this was about 2 months ago.
I am wanting to look at getting my first IP, the problem is that I am saving for a wedding late next year (october) Am I best to wait till after the wedding to get a IP? Or can I used the equity in my place to get another? I have been reading about LOC to use for this as well, but not to sure on the workings of this?
So far I am thinking I am going to have to wait till after october next year....
Oh one more things, can anyone point me to a good Mortgage Broker in Melbourne?
thanks in advance for your help.
I have a question about what options I have to fiance a 2nd property (first IP)
My Fiance and myself bought our first place Nov last year for 430k, we owe $409k on this now, a townhouse just in the same part as ours (exactly them same as ours) sold for around $490k (I need to get a valuation of my place), this was about 2 months ago.
I am wanting to look at getting my first IP, the problem is that I am saving for a wedding late next year (october) Am I best to wait till after the wedding to get a IP? Or can I used the equity in my place to get another? I have been reading about LOC to use for this as well, but not to sure on the workings of this?
So far I am thinking I am going to have to wait till after october next year....
Oh one more things, can anyone point me to a good Mortgage Broker in Melbourne?
thanks in advance for your help.