Hi all.
I thought I could share some info that I have regarding my venture into gaining finance for an IP.
With today's technology, it was very easy. I knew what I wanted, so simply rang 3 different mortgage brokers in Australia and told them what I was after. This is alot simpler for me as I don't live in a city and travelling is involved, otherwise. One of the brokers was able to get me a 95% loan with a good effective interest rate. I fixed half of the mortgage for 3 years and left the other half variable. The easy bit... I have never personally met the broker. Everything necessary was done over the phone and all that was needed was my computer, phone, fax and scanner.
This is the type of shopping that I like!
Hope this is useful to others.
I thought I could share some info that I have regarding my venture into gaining finance for an IP.
With today's technology, it was very easy. I knew what I wanted, so simply rang 3 different mortgage brokers in Australia and told them what I was after. This is alot simpler for me as I don't live in a city and travelling is involved, otherwise. One of the brokers was able to get me a 95% loan with a good effective interest rate. I fixed half of the mortgage for 3 years and left the other half variable. The easy bit... I have never personally met the broker. Everything necessary was done over the phone and all that was needed was my computer, phone, fax and scanner.
This is the type of shopping that I like!
Hope this is useful to others.