I hope every one is well, just have a quick question for the brokers?
My partner and I have purchased an off the plan apartment which will be settled around August. I will be looking for finance very soon but property is only under my name so does that mean I will need to add my partners name to the property in order for both of us to…[Read more]

At this stage I don’t have any loan, but just above I was referring to interest only loan as the guys mentioned that above.

Thanks

Oh wow that is great news. So if I somehow acquired $480,000 loan balance amount and put it into the offset would that mean I would pay zero repayments? Am I somehow on the right track haha how come not many people know about this, most people I talk to just tell me principle and interest so that way you can pay off some of your home,…[Read more]

Thanks for your reply, oh WOW so are you saying Benny using my example above, If I dumped $100k into my offset account My repayments would be reduced from $2200 monthly? If I did not have a offset account and just payed the $100k to my loan would I just be paying the same repayments of $2200? I hope along the lines somewhere this is…[Read more]

This question might be a little off property, but I read this forum a lot with property investors setting up interest only loans using long term loan repayments, so they have more cash capacity to invest in more properties. Do you investors apply the same method with business loans? for example if I wanted to get a business loan for…[Read more]

I think I am beginning to understand so using a similar example if my property is 600k and I have 300k paid off and the banks will lend me 100% LVR than I will have access to the whole 300K to invest in another property? if the bank will only lend me 80% (600,000/0.8= 480,000) 480,000 – 300,000 = $180,000 equity? Is this correct?

Thanks guys

Wow thanks for the information guys and thanks Benny for the other info it help me understand why not just paying off your mortgage for 30 years was the best option, I think I am getting there but still a little confused, so using the same example above if my property is $600,000 and I have $120,000 equity. I than want to buy an…[Read more]

I wanted to ask about Equity, my basic understanding of Equity is the difference between what your home is worth and how much you owe on it so if your home is worth $600,000 and you owe $480,000, you have $120,000 in equity. So using the same example if I was to put a 20% deposit on a $600,000 property ($120,000) does that mean…[Read more]

Thanks

thank you 

I am just a little bit worried as I'll be purchasing this property with my partner, which I know as mentioned above Matt_Arnold post ^ 'hey, we are doing ok, let's go on that overseas holiday and blow…[Read more]

Thanks

Thanks Jacqui appreciate your answer

Thanks Jamie
Matt

I mean you know of my circumstances max price $300,000 want to buy for PPOR and than eventually turn it into IP after 3-5 years. Hopefully he will help me choose the best loan structure. Is there anything I should look out for? or really important questions to ask? Thank…[Read more]

Thanks

I am thinking now maybe to purchase out in the suburbs something decent between $200,000 – $250,000
something relatively good location with 2 bedroom house. I want to live there maybe 2 – 5 years and so I can do my own business and continue to build capital and save because the  mortgage repayments…[Read more]

Thanks for all the kind advice, I will def look at a broker.

Hey Matt at this stage probably a bit of both because I definitely want to build my property portfolio in the future, but at this stage I wanted basically start with my own base first, because I want to do business and have other things on the side. So I want to be able to…[Read more]

Thank You