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Jay

1 year ago

Hi Suzanne, sometimes your ownership and loan structures could be more important than interest rates for active investing. Perhaps we can offer you a mortgage product where you can bring your home loan interest rate close to 2%, depending on your home loan and investment loan amounts. This innovative product has been developed for investors to pay off their home loan 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. If you would like to discuss those options further, please get in touch with us via HashChing or our profile. Thanks! Jay

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Craig

1 year ago

Hi Suzanne, I specialise in helping people to purchase their investment property. I will take the time to understand your current situation and your financials goals in the future. There are some limitations with deposits for investment properties. So I will give you all the information you need to make the right decision for your purchase. You can click on my profile and I will phone you back. Regards Craig Tracey

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Glenn

1 year ago

Hi Suzanne, There are still lenders that will go to 97% and even 99% LVR for Investments. The interest rates aren't the best but being an investment, interest cost is tax deductible. Get in touch with a broker and let them go through your figures and upfront costs to give you a better picture of what you can achieve? Regards. Glenn Rowan

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Jeromy

1 year ago

suzanne i can get you a 95% investment loan, all the features you need and i will make the process easy for you. I can also advise on other financial services as I have financial planning qualifications and can structure your scenario to suit your goals going forward. Jeromy

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Michael

1 year ago

Hi Suzanne. As always, the devil is in the detail. As a Finance & Property Strategist I will be able to source a lending option that suits your requirements. I can even source the property option for you from Australia's largest Investment Property aggregator. I would first need to understand your situation before being able to consider available lending options. Please find my contact details in my profile. I look forward to hearing from you. Kind regards, Michael.

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Chris

1 year ago

HI Suzanne, i'm afraid that it wont work as a stand alone purchase as $5k will not give you the 5% plus costs on a purchase of $200k. Only option will be to use your existing property, however we would need to see how much equity is available to see if this option will work. Regards Chris

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Nathan

1 year ago

Hi Suzanne, Based on your information I would have to say no. In order to borrow for an investment property you are going to need a 5%-10% deposit plus costs to make it happen. The costs you are going to need to take into account are Lenders Mortgage Insurance, Stamp Duty, Settlement costs, Inspection Costs (if you choose a pest and building inspection) and Rates (both council and Water). Based on wanting to Purchase an investment property for $200,000 I would estimate the following figures; Deposit - $20,000 (10%) LMI - $3,500 Settlement - $1,500 Inspections $500 Rates - $1,000 All in all you would be needing $25,000 to $30,000. I hope this helps. Regards Nathan

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Nicholas

1 year 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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Suzanne

1 year ago

Thank you, I was hoping to borrow no more that $200,000, I only have $5000 deposit but have seen various units for sale in regional Victoria under $200,000 which have permanent tenants and their rent will more than cover my loan repayments. I really just want to know if this is a possibility or not.

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Paul

1 year ago

Hi Suzanne It really comes down to the numbers in your scenario. Are you seeking a new property, off-the-plan or existing? Please call me for a confidential discussion. We can quickly work out what products you may qualify for without lodging any applications. Regards Paul

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Chris

1 year ago

Hi Suzanne, Yes - at a high level, this sounds possible. Correct structuring will be key here, and I would suggest avoiding the advice to cross securitise the loans against both properties, or placing both loans with the same bank. I'm more than happy to discuss with you in more detail. Warmest - Chris.

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Shane

1 year ago

Hi Suzanne, as you can see from my colleagues comments, it can be done. I would prefer to meet you in person and get a more in depth understanding of your plan before I show you the best options available to you on the market. Then, you will be able to choose which Lender suits you best. Feel free to contact me at any time.

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Glenn

1 year ago

Hi Suzanne, I hope you're well? The best thing to do is get in touch with a broker and have one of us go through the figures for you to get you the best options available for your goals? Kindest Regards. Glenn Rowan

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Luke

1 year ago

Suzanne, It will depend on what your very small deposit is and if you have allowed for fees (LMI and stamp duty). With the large crackdown on investment lending, many banks have either raised their interest rates for investment and/or IO and reduced the LVR they will lend to. If you are looking to do a stand alone (ie not use the equity in your own home), it will be very difficult to purchase this investment property. It is best you speak to a broker directly on this so they can discuss your situation.

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Chris

1 year ago

HI Suzanne, 2 options here, 1) use your existing bank and use the existing property to cross securitize the loan. (will only work if you have enough equity in your existing home) 2) borrow 95%, however you would to have enough deposit to cover the 5% plus government fees and lenders mortgage insurance . ideally we would need to sit down and work out what would be best taking into account your personal situation and preferences. Please call me if you want to work out your options in greater detail. Regards Chris.

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Aron

1 year ago

Hi Suzanne, this is a possibility even after the drastic changes recently implemented by most banks. Get in touch and we can work on some options =)

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Paul

1 year ago

Hi Suzanne. All financiers have reduced the loan sizes for investors. Normally they will lend 80% of the valuation although some may go to 90% inclusive of Lenders Mortgage Insurance ("LMI"). In addition most are charging a premium firstly for investors and secondly for Interest Only Loans. If you would like to talk more about your options, click on my profile and give me a call and I'd be happy to discuss this with you. Paul

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Travis

1 year ago

Hi Suzanne, there are several lending scenarios we could look at to meet your property investment requirements. Please feel free to call/message me from my profile page.

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Daniel

1 year ago

Hi Suzanne. You will need a 5% deposit and stamp duty costs at the minimum. Regards

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Harvinder

1 year ago

Hi Suzanne, Thank you for your enquiry . I would be more than happy to assist you with your financing needs , we have access to the best products and best lenders in the market for Investors like you. However, I would need to have a look at your current position before I can make any recommendations. Please click on my profile so we can chat. Regards

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Brian

1 year ago

Happy to have a look at this for you Suzanne. I am located in Perth.

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Ajay

1 year ago

Can be done, Liberty are the most generous in the market right now. Contact me and we can look at getting this done for you. Please note, the rate will be high if you go down interest only.

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Nathan

1 year ago

Hi Suzanne, Generally a broker is going to need some more information to be able to assist you with your query. For starters we would either need to know how much deposit you have to use or how much is the investment property you are looking to purchase. As for interest only loans, whilst they have become more expensive in recent times they are still possible to get assuming you meet the lending criteria. If you want to discuss you specific situation, head over to my profile and send me a message. Regards Nathan

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