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HashChing is Australia’s first online marketplace allowing consumers to access great home loan deals without having to shop around. Completely FREE to consumers, HashChing connects you directly to verified mortgage brokers who can further negotiate a better rate from the lenders and save you time, hassle and money.

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Sally

1 year ago

Hi Raaziya, Thanks for the enquiry. I could arrange an Interest only loan for your investment property and arrange a cash out from your Owner occupied property. The cash out will be upto $ 320,000 subject to the purpose, valuation and other criteria. Moving forward, we need to assess your employment/ business income and rental income, your short term, medium term and long term goals and organise the bank valuation. There are various products under different rates, With my expertise in Tax accounting, I would be able to organise you the most appropriate loan at the lowest interest cost and most tax effective manner. I look forward to hear from you.

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LEZLI

1 year ago

Hi Raaziya. Yes you can. I’ve got great rates from my lenders from 2.99% when you combine OO & Investment properties. Feel free to contact me via my Profile page please. Thanks. Lezli

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Chris

1 year ago

Hi Raaziya, Thanks for your questions. Yes, I/O rates are certainly possible for both owner occupied & investment loans. Getting cash out against your O/O home is also possible. You seem to have some equity there. Rates & fees will vary from lender to lender so please feel free to contact me & I can assist you with the lender & products that best suit your needs. Have a great weekend!

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Joe

1 year ago

Hi Raaziya, yes you can obtain interest only lending for your investment property and draw equity from your owner occupied property also. The properties are geared at 85% and 21% respectively. The next steps from here will be to 1) assess your income and rental levels, 2) understand what you are looking to do with the equity (further investment?) and to 3) obtain formal valuations on the properties in line with what you are looking to do as a next step. Please contact me via my HashChing profile. I look forward to helping you further Raaziya.

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Danny

1 year ago

Hi Raaziya, there are several great products with fantastic rates for clients in your position. Would value the opportunity to help or at least let you know what your options are, cheers. Danny

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Peter

1 year ago

Hi Raaziya, Thank you for your enquiry. I can assist you to get your loans set up the way you require. We must complete a fact find to assess your requirements and eligibility. Please contact thorough my profile page to have a chat and take the next step to explore all options available to you.

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Wladek

1 year ago

Hello Raaziya, smart move to come to HashChing to find a good broker to help you. The answer to both of your questions is yes. There are further questions that I would have to ask you and also need to understand how you have structured both these properties. I have been helping Investors structure their finances for over 15 years and would be happy to assist you with yours. My office is in Essendon so I am happy to come out and meet with you. Please click on my profile to get in touch with me. Regards, Wladek

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Suresh

1 year ago

Hi! Raaziya. Appreciate your enquiry through HashChing. As per your enquiry I do not see any issue but it is important to meet up and discuss that will help me understand your short and long term goals so as to help me tailor a solution, and during our meeting you will also understand what it means to you when you change your Principal and Interest loans to Interest only apart from the fact that there is a difference in interest rates but there are other factors that you will have to consider which may or may not impact your long term strategy, this way it will help you make a very knowledgeable decision, of which I am very passionate about to share and provide all the knowledge that I have over 14 years and having helped many clients with similar need, so that when you proceed you are 100% aware of pros & Cons. As mentioned in your enquiry you wanted to withdraw equity which should not be a problem and this can all be done when we meet up as I work with 35 plus lenders. Don't hesitate to give me a call on 04**** 831 or email me on s****@dbij****.au. Have a good weekend. Regards Sam

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Daniel

1 year ago

Hi Raaziya. Yes can be done. Although Interest only options are a bit more expensive than p&i. I’m based in the West. Happy to come and see you any time. Regards

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Jigar

1 year ago

Hi Raaziya, Yes, you could organize interest only repayment for your investment property loan, however, rates for interest only repayment loans are higher with most banks compared to principal and interest repayments. So important to do the calculations to see if changing to interest only has merit or not in your specific situation. A good broker will be able to do that with you and explain the findings once you have had a sit down and provided all required details. Getting money out of OO loan is also possible. It depends upon how much are you looking to get out, the purpose for the funds and if you can comfortably afford all repayments after the loan is increased. Once again, sitting with the right broker will help with looking at various options. Lastly different banks look at the above requirements differently. So its good that you are coming to brokers for a solution as most brokers will have access to various lenders, their products to help get a suitable solution for your requirements. To discuss your specific situation, you can message me directly. Best wishes... Jigar

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Girish

1 year ago

Hi Raaziya.YES it ia possible to access the equity of your OO home loan , and YES you can get an interest ony loan for the investment or OO loan. Both the scenarios are based on your borrowing capacity.I have worked with several clients with similar needs and have access to a wide panel of lenders. Please do go through my profile and get in touch.a few minutes of discussion would go a long way. Regards Girish

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Adi

1 year ago

Hi Raaziya, The direct answer for your question is Yes, both of your requests can be met. However, there are certain lender requirements that needs to be addressed along with considering your financial situation. Happy to discuss and assist, feel free to contact me to discuss further, Thanks - Adi Vangveti

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Allan

1 year ago

Hi Raaiya, based on the equity you have & what you are looking to do, it looks fairly straight forward. The rates can be a bit higher now if you are looking for interest only on the owner occupied loan when compared to principle & interest loans. Several of the lenders that I deal with offer cash out as an option. It would depend on the amount of cash out that you are looking for & the purpose as to which you intend to use it to then decide on lenders that are a good fir for you. I have several clients in the Melton area & can be contacted via my Hashching profile should you have any further questions. Your full financial circumstances would also need to be taken into account when assessing the lending proposal. Enjoy the rest of your weekend! Allan

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