All Topics / Help Needed! / What do i do

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of MontagooMontagoo
    Member
    @montagoo
    Join Date: 2004
    Post Count: 1
    December 9, 2004 - 6:22 am

    Hi All,
    My wife and i are currently looking at buying our first investment property in the New year.

    We currently have a 6 bedroom home and have just had evaluated with around $40 – %50k equity and are looking for a sound investment property for Rental Return at the moment and maybe in time some Capital growth but not that important.

    Any information on Loans to look for or places to Invest would be greatly Appretiated . Currently looking at Central West NSW.

    Montagoo[biggrin]

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    December 9, 2004 - 7:37 am

    Hi Montagoo & welcome to the forum,
    Your best option regarding types of loans would be to contact a Mortgage Broker with access to a wide range of lenders,
    If you intend to access equity via your PPR, I would suggest you structure a split loan with the PPR as security with a separate 80/20 basic discounted loan on the new purchase, I would also look at the benefits of attaching an Offset to the non deductible portion of the split loan.

    Regards
    Steven
    Mortgage Broker
    Mobile Mortgage Market

    [email protected]
    http://www.mobilemortgagemarket.com.au
    Ph:0402483216
    Ph:1800 820 500
    VICTORIA

    PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.