- superteddMember@superteddJoin Date: 2007Post Count: 1
I have almost finished renovations on my first property and will be renting out within the month. I used a mortgage broker to obtain the finance on my first property, however the loan is not exactly what I am after now, as my investment strategy has changed. As I am now looking for my next property to purchase. I am after a loan which gives me greater flexibility, enabling me to buy and sell properties frequently. Can anyone point me in the right direction?
Todd.HandyAndy888Member@handyandy888Join Date: 2005Post Count: 160
Speak to your current broker…they will point u in the right direction…Kipper57Member@kipper57Join Date: 2006Post Count: 252
You are looking for a loan that would incur low DEF defered establishment feesMortgagemanParticipant@mortgagemanJoin Date: 2004Post Count: 164
As Wayne says, you need to make sure the facility you are in does not incur high deferred establishment fees. It is also preferable that you aren't paying LMI or, if you are borrowing over 80% that the LMI you pay is as low as possible. You should speak to your broker about what you're trying to do and see if they can come up with appropriate products. They are certainly around.
Perry Financial Strategies
Level 13, 30 Collins St
Melbourne VIC 3000
Ph (03) 9662 1999
Fax (03) 9662 2044