hi there i have a fixed inves

VIC 3131

Mar 28, 2019

VIC 3131

Mar 28, 2019

Hi there. I have a fixed investment loan with Westpac (P + I, balance owing $300 K, property value $650K) expiring Jan 2020. I would like to use $200K of the equity but understand I have to take out a second loan or break the fixed loan and take out a new loan. I am not against paying the break costs (they are not too high for remaining 10 months) but as I am now living and working overseas, I will be charged a higher rate on any borrowings as an overseas resident. Is there any way around this? I assume I would need to resubmit documents with a new loan or refinanced loan. Should I refinance the loan with another bank? Thanks in advance

LEZLI

2 months ago

Hi Jen, Maybe contact Hashching and ask them to connect you with me - then I can help you - or maybe via my Profile page. I do have lenders who will use your 'foreign income' but want to know where you are, what's the currency & your employment/income details. Look forward to hearing from you. Kindest regards Lezli

jen

2 months ago

Hi Lezli. As I am living overseas I cannot send a PM to you as need an Australian phone number. Any ideas?

LEZLI

2 months ago

Hi Jen, Need to know how much you earn - what country you are working in - What's your job - are you permanent, full time? Can you let me know answers or contact me via my Profile page? Look forward to helping you. Lezli

LEZLI

2 months ago

Hi Jen, Thank for your enquiry! I have access to over 40 lenders and have written to a few. I am sure I'll have someone who will help you. I will let you know, soon as I hear back. You can reach me via my Profile page. Lezli

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