Hi all,
I have 2 mortgages with St George. Basically a 1.3M home, split 60/40. 60% PPOR and 40% IP under my trust. The trust rents the 40% to my business and is currently cash flow neutral. I owe $880K on it so probably have access to $160K equity there. I also have $200K in available cash. I'm wanting to buy 4 properties over the next six months, then leave it for a couple of years.
I am self employed and have 08 and 09 tax returns done, showing profits of around $120K a year. I can comfortably afford to pay around $5,000/month extra on property. I have no bad debt on my records.
I've been waiting 2 weeks for an NAB business banker to call me. I bank with NAB and hold accounts with them to the value of over $1M in deposits (not all my money, cash I manage for others). You think I can get a call back??
I have met with St George and am awaiting an answer from them because I originally thought perhaps I'd get a better interest rate going direct but now I'm not so sure. Any suggestions?
I have 2 mortgages with St George. Basically a 1.3M home, split 60/40. 60% PPOR and 40% IP under my trust. The trust rents the 40% to my business and is currently cash flow neutral. I owe $880K on it so probably have access to $160K equity there. I also have $200K in available cash. I'm wanting to buy 4 properties over the next six months, then leave it for a couple of years.
I am self employed and have 08 and 09 tax returns done, showing profits of around $120K a year. I can comfortably afford to pay around $5,000/month extra on property. I have no bad debt on my records.
I've been waiting 2 weeks for an NAB business banker to call me. I bank with NAB and hold accounts with them to the value of over $1M in deposits (not all my money, cash I manage for others). You think I can get a call back??
I have met with St George and am awaiting an answer from them because I originally thought perhaps I'd get a better interest rate going direct but now I'm not so sure. Any suggestions?