All Topics / Help Needed! / Can anyone recommend a good Broker for Melbourne. I’ve got 3 properties (2 ip and 1 PPOR) – brokers telling me i’m maxed

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  • Profile photo of energy4anarchyenergy4anarchy
    Member
    @energy4anarchy
    Join Date: 2009
    Post Count: 47
    August 31, 2010 - 6:14 am

    Hi Guys,

    Can anyone contact me with some details of recommending brokers to me… I’ve had one or two i just googled tell me varying things. One wants to remortage all my loands (obviously so he gets a % commission on the size of the loans), the other is telling me to increase a LOC i have to pay deposit and find the money with another lender.

    Currently with Westpac and ING… total loans worth 650k, property worth 1mill…

    Servicability is getting me…

    Anyway, let me know if yu can

    Thanks

    JR

    Profile photo of ducksterduckster
    Participant
    @duckster
    Join Date: 2004
    Post Count: 1,674
    August 31, 2010 - 6:22 am

    Come to the next APN meeting and you can meet a Mortgage Broker.

    http://www.activepropertynetwork.com.au/melbourne.html

    Or read link and Neil's details are on the web page.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    August 31, 2010 - 7:20 am

    JR

    Yes you would be suprised how many clients tell me their Broker wants them to refinance all of their current loans purely and utterly for the income.

    There is no reason to refinance all of you properties (assuming interest rates are much of a muchness).

    Without additional information it is difficult to comment however there is usually a way around things.

    The introduction of the NCCP effective July 1 has not helped however as long as the recommendation is not unsuitable then often a way around it.

    Richard Taylor | Australia's leading private lender

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    August 31, 2010 - 10:58 am

    Yep, Pete Tersteeg from Sage Lending – http://www.sagelending.com.au

    He helped me build my portfolio before I became a broker my self. Extremely knowledgable broker and based in Melbourne.

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Case07Case07
    Participant
    @case07
    Join Date: 2010
    Post Count: 8
    August 31, 2010 - 11:07 am

      Same questions as JR about a Broker but can anyone  recommend me one that is in Sydney,any help would be appreciated.

      Cheers Case

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