@David-thiu still works for me – maybe give it another try.

And yes correct, you can still increase your borrowing capacity structuring in this way, it’s all just a case of using a little foresight and planning to make sure you can eek out as much as possible.

I’d say it’s more the size of commercial property prices which is the issue. As per the previous post I wrote that it comes down to how much cash you have from day 1.

Many investors say that you generally don’t want to be going too much below $1mil for a reasonable commercial property otherwise you risk quality reduction in tenant/property -…[Read more]

Unless you have significant cash funds – start in residential and build your portfolio up there until your borrowing capacity is exhausted. From there you can expand into commercial which allows you to access alternative borrowing capacity calculations/products which will allow you to get yourself to the next level.

The general gist is to build…[Read more]

I’m assuming by ‘which SMSF do you use’ you’re talking about some of the cheapy no frills SMSF setup/admin companies which make their money getting commissions/bonuses from the limited range of products they recommend.

Generally for ease of use and greatest flexibility for investing having a specific setup of a SMSF if the best pathway – an…[Read more]

Hi Debbie,

There’s a few options – it really depends on your personal circumstances which is the best pathway.

The general gist is that lenders insure their loans against default via LMI – when over 80% they require you to pay the fee. Some lenders in the market are aware that defaults exist and the like and want to cater to that market and so…[Read more]

Hi Debbie,

There’s a few options – it really depends on your personal circumstances which is the best pathway.

The general gist is that lenders insure their loans against default via LMI – when over 80% they require you to pay the fee. Some lenders in the market are away that defaults exist and the like and want to cater to that market and so…[Read more]

Good thinking – let us know how you go!

That helps.

Re; the offsets, repayment types etc – that’s all pretty basic features that just about all lenders offer- which isn’t what you want to try to compare (because face it, they all offer it- it’s not a point of difference).

The key is to compare based on lender lending policies – by using the right lenders at the right time you can…[Read more]

Hey Jayden,

Stepping back a bit – choosing the right loan is dependent on the property you’re looking to buy, the strategy for it and your greater long term plans.

You’ve said this is for an owner occupier loan – are you looking to invest in the future? Turn this property in the future as an investment property? Renovate, develop – anything out…[Read more]

Hey Jayden,

Stepping back a bit – choosing the right loan is dependent on the property you’re looking to buy, the strategy for it and your greater long term plans.

You’ve said this is for an owner occupier loan – are you looking to invest in the future? Turn this property in the future as an investment property? Renovate, develop – anything out…[Read more]

Good work – ticks all the boxes. Was the multi a REIT or something along those lines? I similarly had a client get a steal of a deal from a ASX200 company which was offloading assets in bulk a few years ago – amazing what slips through the cracks.

Nice Marissa – what is the remaining lease term on the property? Is it a single tenancy or multi?

I’d assume bio-medical would have pretty extensive fitouts/planning permit requirements so should be a stickier than average tenant for lease renewals?

HTW are one of the major players in property valuations – you’ll find that valuers valuation results are usually conservative more than anything so take this as a positive sign.

The Corelogic information on the other hand would have been a computer result which are nowhere near as accurate and generally lenders will only use these for valuation…[Read more]

Everyone asks it. Not only because this loophole (it really wasnt one, specific lenders had very specific policies permitting it under certain circumstances) has closed and there’s a standardisation of input of data through a third party channel for most institutions – it’s being asked and to not note it is mortgage fraud.

Lenders are digging…[Read more]

Let us know how you go Ben – I find a lot of agents/vendors aren’t that keen on access prior to settlement. Unconditional offers with an OK deposit will calm the nerves of some, but it still comes down to the other side what they’ll accept. Good luck!

There’s no pattern – the only thing to remember is that it’s not a standard variable based product so they can offer enticing rates to new borrowers, whilst letting their back book (existing clients) rates float up to balance their costs.

The only way you can avoid this is via a SVR product, but then they might not be discounted as heavily but…[Read more]

If you’re living in the property switch your loan to the owner occupied coding – this will reduce your rate significantly.

As per if you move out in the future – the lender will generally not require you to notify them/reassess your debt/make any new application – heck if you call up they will probably not have a clue what to do and just hang…[Read more]

Logan is OK – net yields aren’t amazing (if existent at all!)

My concern with the council area in general is the council has actively noted that their development plan is to keep increasing land release from their extensive undeveloped areas to try stifle property value growth over the longer term – to try to keep the council region as affordable…[Read more]

Hey David,

You’ll find those days are over – lenders require any loans that you’re guaranteeing/structures you are a director of be loaded into the liabilities of applications so there isn’t a magic bullet in this regard.

fxdaemon – you still need to provide personal guarantees for commercial lending, hence why its generally best to start with…[Read more]

Unless you have substantial income elsewhere it is doubtful. Lenders are required by law to look at your overall financial situation and stress test any debts etc. This means that before even considering what your existing IP mortgage is – they will plonk living expenses of $24,000+ p.a they will want to see covered, only take 80% or less of the…[Read more]