Reply With Quoteeaglem (30-01-20)
Investment loan for house advice
Hi all, I'm coming off a honeymoon period so need to select an option with CBA or refinance with somebody else. Who is offering great investment loan deals? Most seem to be for private buyers.
XCRUISER HDSR600HD twin sat and terrestrial receiver $OOS *
XCRUISER HDSR385 Avant - sold out$OOS UltraPlus DVB-T and DVB-S2 tuners $49 Remotes $OOS
eaglem (30-01-20)
| Look Here -> |
Hmmm...had a really tempting email from this guy in Nigeria. I'm sure he'd be able to help out.......
Sorry, I couldn't help it.
The fact that there's a highway to hell and a stairway to heaven says a lot about the anticipated traffic flow.
I'd prefer something localOriginally Posted by enf
Last edited by LeroyPatrol; 29-01-20 at 12:47 PM.
XCRUISER HDSR600HD twin sat and terrestrial receiver $OOS *
XCRUISER HDSR385 Avant - sold out$OOS UltraPlus DVB-T and DVB-S2 tuners $49 Remotes $OOS
I'll talk to the man in Nigera for you. I'm local. I'll only charge you for my time, and costs, and.........sorry, not many of us can afford an investment property. Envy is a sin...I shall repent....one day!
All the best mate.
I'm out of my mind, but feel free to leave a message...
im not up to date on the industry nowadays , but as as a possibility why dont you approach the CBA directly ,not via thier contractors ( commission $$$ grabbers ) and see if they will negotiate something better for you? if they dont then threaten to take your future business elsewhere
lsemmens (30-01-20)
I'd be looking at a building society rather than a bank. I've done all my financing that way, and always got much better deals than I could with banks. Although these days with interest rates so low, the difference probably wouldn't be huge... until they go back up again.
Worst deals I've been offered are Wespac, CBA and ANZ, in that order.
enf (30-01-20)
I need to be armed with info before I go into the CBA to make threats. Their variable rate is quite high compared to others but the fixed rates are quite good. But interest rates will drop 1 or 2 times this year so it's silly to fix at the moment.
Haven't done it for a long while, But we went with St George right after they went from a building society to a bank. The building society mentality was still there.
The fact that there's a highway to hell and a stairway to heaven says a lot about the anticipated traffic flow.
Check out Members Equity Bank, they had some decent rates a while ago. It's run by the Industry Super Funds.
EDIT: I just took a look and they still seem OK see
Last edited by RogerTheDoger; 07-02-20 at 03:39 AM.
LeroyPatrol (06-02-20)
If your chasing a investment property and you and your partner have enough super, look at making a self managed fund and buying it with that money.
The banks however may be a bit "difficult" to fund the balance.
Mid last year i managed to buy a 500 sq m factory 3 minutes from my place that way.
Laws vary from what you can and cannot do through super, a rental property (house) means you need to do it at arms length, you cannot buy it from a relative or mate, you cannot rent it to a friend and you cannot sell it to someone your associated with to ensure you dont do anything shifty like buy it at a higher price than what its worth from say a parent and then have them slip you back some money etc.
But with commercial property you can buy it (again at arms length) however your allowed to move your own business in and the business pays market rent back to your self managed super fund to minimize tax.
In my case we didnt need banks help, however i have heard they are a bit difficult with commercial properties.
Just another avenue to explore that may reduce your borrowings.....(if needed)
LeroyPatrol (07-02-20),lsemmens (07-02-20),VroomVroom (07-02-20)
Posting Permissions
Bookmarks