Does anyone no the best way I to refinance a $200000 loan there is over $300000 equity on the property but poor crediting rating.
Way too many variables involved. Best bet is to run through all your details with a broker so they can give informed advice.
@cjaysa on here looks after a few of us on hereD.T. | DT Property Management
http://www.dtproperty.com.au
Email Me | Phone MeAdelaide Property Management - whole Adelaide metro
Depends what you mean by ‘poor credit rating’. Is it defaults, previous bankruptcy, poor repayment history on current loan?
Very deal specific, so best to have a chat with a broker who can give you advice relevent to your situation.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
Dave, assuming you have clean credit, good repayment history and can prove your income fairly straight forward to 80% lvr.
If the property is a PPOR there are some excellent equity loan products around.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Dave,
Even if you have a poor credit history, you can still probably borrow given your LVR isn’t too high. You should either supply some further info re your situation on here or contact one of the forum brokers directly for a confidential chat re your situation.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
