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I have heard from a friend of mine who was a loans manager for a credit union that some less than reputable real estate agents use digital photo software to not only change the appeance of a property but also edit out nasty things like the towers used for high voltage cables and stuff like that
Yep 17% is high we are going to late 80s interest rates with that. I guess I can shop around and get a feel for what is going on as well as recieve advise on what, where and how I can work it. Like i have said I will have a deposit saved by the end of the year so a loan shouldn’t be to much of a hassle with nearly 3000 lenders out there maybe even a bank
I’d like to know how jack has got 100% finance on an investment property, that is what opm is. That is my goal. All advice is welcome on how to do that.
I know about a few loans from well known builders that let you borrow 100% of the loan through morgage brokers. But Terry what I am looking for is two totally different loans for deposit and morgage. I have heard that is possible. As a morgage broker have you ever come across that.
Regards
PhilThank you Terry
I also heard from a property seminar I attend a few years ago that it was possible to arrange a line of credit for deposits with no colatoral (hope I spelt that right). The guy was talking about obtaining property with little income or on social security. By the way I’m not on social security. Had the same job for 6 years. I’m just exploring avenues of getting finance. Will have a deposit saved by the end of the year but still would like to try it with opm.
Phil
