Finance

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From: Mike .


Finance Question
From: Jason
Date: 6/2/00
Time: 12:38:28 PM

I've got my own home, my LVR is 80%, its a P&I loan.

How can I get finance for an investment property? Will I have to refinance my existing loan?

 

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Mick

Reply: 1
From: Mike .


Re: Finance Question
From: Mick
Date: 6/5/00
Time: 2:27:56 PM

You may have to be a little patient. If you are in the enviable situation of having great servicability level, you may qualify but will most probably have to pay mortgage insurance. Having found this website, have you read any of Jan Somers books or similar ones? It will give you the basic pointers.

If you're really keen and want to test the boundaries of possibility, get on the net to one of these e-commerce loan hunters like e-choice/wizard etc. Fill in your details and see what they send back to you. There are a heap of possibilities but it's a matter of being rational, researching and reading. Buy Jans book (claim it on tax). One of the best $15 I ever spent. Good luck and let us know how you go.

Mick