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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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Jay

2 years ago

Hi Peter, the special loan product I mentioned earlier has been extended until 2020. If you are interested please get in touch with us via Hashching or our profile. Thanks again! Jay

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Peter

2 years ago

HI Peter, Like everyone has said there are deals out there still that will look at this amount of borrowings. To pay interest in advance I'd suggest you have missed the boat for this year. With modern technology location is no issue as I deal with clients allover Australia and have over 20 years experience. I'm based in Adelaide and would love to see if I can help you reach your goals.

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kelvin

2 years ago

Hi Peter - there are no guarantees to be able to refinance with the changes made to living expenses (increased), lender reference rates (7.4% - 8%), negative gearing (some lenders now dont allow), and OFI - all property loans. Multi-investment lending requires careful lender selection using multiple lenders for maximum borrowing capacity - ING is generally not one of them as they service all loans at 8% interest rate. There are investment loans from 3.88% P&I and other who provide IIA (interest in advance) and IO (interest only). Having worked on many multi-investment strategies for clients - brokers like myself look to service 1-2 properties to a lender and see if servicing for all loans is possible. OFI - There are only a couple of lenders that service at the repayments for other debts or near. The options to refinance a owner occupied loan (from 2%) to an investment loan is possible - but not likely with this many properties. You will need to provide a broker with your finances and see if they can find servicing. It wont be about the rate.

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Paul

2 years ago

Hi Peter I am sure that you are probably dealing with information overload at the moment. Loan structure is key here. I will help you to filter through the available options (using a panel of over 40 lenders) and give you clarity. I can also generally discuss the tax aspects of your investments and loans as I am also qualified as a chartered accountant/tax agent. Please check my profile for contact details. Regards, Paul

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Jay

2 years ago

Hi Peter, we can offer a special deal where your owner-occupied home loan interest rate can be reduced close to 2% depending on the amount of your home loan [if you have one] and investment loans. You need to be an Australian tax payer and few other requirements to be eligible for this product. Also, you need to keep your HOME LOAN under P&I [principle & interest] and you can also have multiple Offset accounts. This innovative product has been developed for investors to pay off their home loans quicker with some additional tax benefits. Once we have the required information we can send you a report for you to compare the huge benefits in comparison to other conventional loan products. This product is suitable for investors who also have an owner-occupied home loan. Currently, this product is available until 30th June 2017. It may or may not be extended, which we will know soon. If you would like to know more about it, please get in touch with us via HashChing or our profile. Thank you! Jay

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Graeme

2 years ago

Hi Peter, I like the confidence of many of the replies, however i suspect there is a little over confidence in some. The deal can be done with a little work but there a one or two aspects that need to be talked eg one loan or several are all investment - there are both risks and benefits in the various options. i have a little knowledge in the field being broker since 1999 and also part of that time a F P and before that for good measure a lawyer. Have look at my wall for my detail and give me call if i can help. Your location is not of huge consequence. Kind Regards Graeme C

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Michael

2 years ago

Good Evening Peter, at that Loan to value ratio 60% any lender will consider this scenario. The key to your chances of securing the most competitive and appropriate strategy you've ticked off as you have substantial bargaining power here to call the shots so to speak. My experience is the more lend you have at the lowest LVR gives you prime position to bargain with lenders. What I will say is to ensure you seek expert advice here regarding the overall set up of your portfolio eg standalone or cross security risks v benefit here is crucial. The broker you appoint needs to have a working relationship with your tax agent as they will be guided on what your tax agent recommends. The other important factor is to ensure your current protection program is in place (ie suitable Life Cover) to cover the debt and also ensure protecting your income is addressed. You may have this already in place, but I always advise clients to review this (I am a Financial Planner by trade). The scenario you have is certainly something I can assist you with when you're ready. Enjoy your evening. Regards Michael

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Amanda

2 years ago

Hi Peter, I would really love to assist you with your refinance. Have you considered splitting your lending with more than one lender? Happy to discuss your options. Please see my experience on my profile. Amanda

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Glenn

2 years ago

Hi Peter, I hope you're well? I have a lot of experience with property investment and property investment loans. I have access to over 40 lenders and I have a lot of existing clients with property investment portfolios that include more than a few properties which makes the scenario a little more difficult than just your usual refinance. What I suggest is to get in touch and let me help with providing you with better options than ING unless ING is the only lender you wish to proceed with? I have some lenders that offer Owner Occupied rates for Investment purpose. The best thing to do is to let me have a look at your whole financial situation and let me provide the best options available as a good broker can't just offer you products and rates without looking at the whole picture? I have over 20 years experience of working in the banking sector and also in property investments and property. I can be contacted via my profile link and I hope to be of service to you if you decide to let me assist? Kindest Regards. Glenn Rowan.

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Peter

2 years ago

Pete, whats not to like here , $1.8m refi, straight forward, you know where your heading , get in contact via profile page and I will help you get there. We look after our members from the start to finish Gteed, you will be interested in our members benefits. Regards Pete RLS

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Greg

2 years ago

Hi there Peter, I suggest a quick 5 minute phone call as I need to understand your portfolio and your intensions over the next 3-5 years. I can get great fixed rates as low as 3.88% interest only / interest in advance however I need a little more information before I can recommend something for you. I have had almost 13 years broking experience and hundreds of serious investment clients but I just need a 5 minute call before I can make my professional opinion for you. Just a quick call could save you doing things wrong. Kind regards Greg

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Greg

2 years ago

Hi there Peter, I specialise in clients with serious investment properties and I can get you the best deal. Ideally fixed interest only or interest in advance. From 3.88 % fixed so not increases over the next few years. Please give me a short call so I can get an idea of your portfolio and what your expectations are within the next 3-5 years as this will impact your savings opportunity. I have several lender platforms to look at for you and need to know if you want separate lenders to reduce your risk or is one lender platform OK for you. Give me a call so I can be sure of how best to present my funding suggestion.

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Nicholas

2 years ago

If you are looking for assistance on a loan in the Northern Territory please don't hesitate to contact me through the profile link. Regards Nick

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Viktor

2 years ago

Peter, I need to understand the overall structure for the 7 properties; are any Owner Occupied or are all Investment? Do you want the assets crossed or stand alone? Are they commercial or residential properties and type of property - unit, house, or high density apartment because in certain postcodes these parameters influence LVR and how much the rent will be discounted by. While ING is a great lender at this price point the big four will fight to win your business in which case if you need other products, merchant banking may be an overall better deal. I certainly beleive this deal requires preparation and time to achieve the savings and best deal structure. Available for further discussion. Vik

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Kenneth

2 years ago

Peter. Good afternoon. ING do have some good products, however they also have some restrictions on the number of properties that can be financed .(maximum of five). I have acces to ING as well as many other quality lenders. Interest only loans a re now often at a premium rate to regular loans, however I would be happy to work with you on the best options available. I am based in Sydney and can be contacted on 1300 ASK KEN Best Regards Ken Olds

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Bulelwa

2 years ago

Hi Peter, We can source you better rates and the 'Interest in Advance' benefits. You would need to act really fast to get it all wrapped up by 30/06/2017. Do you have all the supporting documents ready? Who is your outgoing lender and where are you located? I am based in Sydney and would meet with you as soon as possible to get the application all ready for submission. Contact me via my profile. Regards, Bulelwa Freer

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LEZLI

2 years ago

Hi Peter. this is the BEST - 4.07% variable up to 80% LVR Investment, I/O. or 4.24% -3 year fixed up to 80% I/O Investment. Contact me via my Profile page & I can get this for you asap. Look forward to hearing from you. Lezli

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Joseph

2 years ago

Will be look at this for you with great rates and cover refinance costs call me on 04****72 will need to sit down with and go over your and financial goals

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Ian

2 years ago

HI Peter, there are plenty of options to get you a better rate than the one on offer from ING but as per the other responses here, there's a bit more information required before anyone can really assist. It sounds like you've been through this process before as all 7 properties mature on the same date. Are they stand alone, cross collateralised, or a mix? The overall LVR is very healthy and you shouldn't have any trouble with the I/O part of your requirements. More than happy to assist you on this one - Can I check what state you're in? Regards, Ian.

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Ken

2 years ago

Hi, Peter, I would be happy to assist you, however, would need to know a lot more about your financial circumstances, including your fixed and discretionary expenditure, before providing you with any detailed advice. I would also suggest that you seek your accountant's advice about the best way to structure the loans so that you maximise any tax savings. Regards, Ken

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Daniel

2 years ago

Hi Peter. The best interest rates on interest only or interest in advance are with an LVR of 80% and below. Some of the big 4 offer you a refinance bonus between 1000 and 1500 for each loan being refinanced. Contact me if you wish.

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Paul

2 years ago

Hi Peter - there are a couple of banks that will do interest in advance, the biggest issue for you is that i expect that you will want that to happen before 30/06 in order to take advantage of the tax implications. On that basis it would be extremely difficult to pull that off as there are effectively 10 working days between now and the end of financial year. Based on the LVR that you are quoting the interest only looks acceptable to any lender, however there is not enough details on the income to service the loans. As long as that is OK then i would think that there are a few options that are available to you and we can help you find the best deal with the right structure in place - especially to take advantage of the interest in advance before the end of the 2018 financial year. If you would like to discuss further please do not hesitate to drop me a line.

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Jassie

2 years ago

Hello Peter Thanks for the question. We have better deal than ING for Interest only loans. You are looking at 4.29% fixed for 3 years and ability to make unlimited extra repayments. As a goodwill gesture we will also be able to take care some of the refinance cost/s for you. I have been in the industry for 14 years and build our reputation for service and integrity. Happy to answer further questions. Talk to you soon. Thanks Jassie

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