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Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of propertyboypropertyboy
    Participant
    @propertyboy
    Join Date: 2008
    Post Count: 206

    Hi guys,

    Can anyone recommend a good mortgage broker who can source me finance from alternative lenders to buy a residential investment?

    I am capped with the big 4 but given my situation, I really do think I would be in a position to borrow.

    Profile photo of D.T.D.T.
    Participant
    @dtraeger
    Join Date: 2014
    Post Count: 128

    Hey mate

    When I was running low on capacity I used Corey Batt from Precision Funding. He would be able to help you out

    D.T. | DT Property Management
    http://www.dtproperty.com.au
    Email Me | Phone Me

    Adelaide Property Management - whole Adelaide metro

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,010

    Hi Propertyboy

    Many more lender than just the big 4 but certainly lending is tightening up by the day.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,010

    Hi Propertyboy

    Many more lenders than just the big 4 but certainly lending is tightening up by the day.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    There’s a big wide world outside of the big 4 banks which have lenders with more generous lending policy. Keep in mind that the regulatory pressure from the government is continuing to constrict these options – it’s good to make use of the options there whilst they are still readily available and cost effective.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of propertyboypropertyboy
    Participant
    @propertyboy
    Join Date: 2008
    Post Count: 206

    ^my concern with taking use of these options is that the market will be artificially inflated and may contract once these options are no longer available to the market

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    ^my concern with taking use of these options is that the market will be artificially inflated and may contract once these options are no longer available to the market

    Considering most 2nd tier and alternative lenders have been around for 40+ years if not longer I’d say the market is already priced in – this isn’t a new thing.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    ^my concern with taking use of these options is that the market will be artificially inflated and may contract once these options are no longer available to the market

    Considering most 2nd tier and alternative lenders have been around for 40+ years if not longer I’d say the market is already priced in – this isn’t exactly a new thing.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Investment Focused Finance Strategist - servicing Australia-wide

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