W
WebBoard
Guest
From: Robert Longmore
Ok the loan person has been and gone, and strangely it all made sense! and yes i did ask him if he owned IP's, he said yes, 3 to be exact, all in sutherland shire. and yes he did compare their products to other major lenders, all the banks and others such as Wizard,Rams and others i cant remember right now. they also had a few good options i have never seen before. one that interest me was the 100%lvr loan at 6.49 variable interest rate, and you only need 3% of the value of the property to qualify, and the 7K FHOG covers all setup costs. conditions are, property must be in the Sydney Metro area Only. and a max loan of $300,000 usual redraw facility, revolving LOC etc. all others were the same but varied from 75 to 95%lvr loans. i am going to spend the weekend comparing loan and probably sign on monday.
Now to start shopping! should i buy new and get the 14K FHOG? or should i try to find an established property and +ve gear? my thinking so far is to buy new and take advantage of almost immediate capital growth, the 14K and depreciation, and used the equity to buy another property within 2 yrs. hmmmm thinking...........hmmm yup......hmmm
Ok the loan person has been and gone, and strangely it all made sense! and yes i did ask him if he owned IP's, he said yes, 3 to be exact, all in sutherland shire. and yes he did compare their products to other major lenders, all the banks and others such as Wizard,Rams and others i cant remember right now. they also had a few good options i have never seen before. one that interest me was the 100%lvr loan at 6.49 variable interest rate, and you only need 3% of the value of the property to qualify, and the 7K FHOG covers all setup costs. conditions are, property must be in the Sydney Metro area Only. and a max loan of $300,000 usual redraw facility, revolving LOC etc. all others were the same but varied from 75 to 95%lvr loans. i am going to spend the weekend comparing loan and probably sign on monday.
Now to start shopping! should i buy new and get the 14K FHOG? or should i try to find an established property and +ve gear? my thinking so far is to buy new and take advantage of almost immediate capital growth, the 14K and depreciation, and used the equity to buy another property within 2 yrs. hmmmm thinking...........hmmm yup......hmmm
Last edited by a moderator: