Getting Your Investment Mortgage Getting an investment mortgage to buy a property is not a very difficult thing. In our consumer friendly environment you just need to do some research and find a well qualified mortgage broker. In fact, even in Australia it was the overdrive of the banking and financial institutions in giving away Read more about How To Get An Investment Mortgage[…]
Lending For Apartments and Small Units Most of us dream, as soon as we start to earn a living, to own a home of our own. While owning a large bungalow or a villa would be the perfect dream, we need to start somewhere and one of the simpler real estate dreams to fulfill would Read more about New Loans For Apartments[…]
Is An Interest Only Mortgage For You? This depends a lot on your situation and probably more on what you think the property market is going to do if you are an investor. Interest only mortgage have significant lower repayments as they have no principal amount attached. This alone provides a great incentive for investors Read more about Interest Only Mortgage[…]
There is the old question that comes up every now and then, – “Should I buy that studio apartment?”
Here is some of the “noise” that surrounds them-: “They won’t lend against small inner-city studio apartments, You won’t get approval if the floor size is less than 50 sqm, Student apartments are not an option, Some lenders won’t lend for apartments in large complexes, Hotel or motel conversions are no good, The location of the unit within the complex is important
Cross collateralisation occurs when the bank uses the security for one loan to secure another loan. What you want to aim for is to have any property you own, investment or otherwise, financed with free standing finance
Remember cross collateralisation can bring your real estate investment financing plans to a standstill.