Lenders Wanted

QLD, $1M, Investment, Purchase, Full-doc, 95% LVR

Posted on 24/10/2014 2:59:50 PM

Client income 150k partner 68k
car loan 40k
House 1 owner occupied value 350k own 290k
House 2 investment value 240k own 175k
cash 20k
want to purchase an investment between 500k and 550k

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  • Francis Armstrong5/06/2015 12:53:33 PM

    we may assist with this scenario. Phone 0417570983 or email frank.accl@gmail.com

  • Thanks Stephen19/11/2014 9:49:21 AM

    Thanks Stephen,

  • Stephen Rasmussen17/11/2014 1:08:06 PM

    If this simply one additional purchase at $500K to $550K (giving a $1M + portfolio), then should be fairly straightforward.
    You can possibly release up to say $67K from the two existing properties - assuming max 90% LVR as is with current lender or via refi.
    Then all you need to do is a full 95% LVR + full cap LMI.
    So, all up outlays incl statutories will be about $47K.
    Talk to Bank West or Liberty.


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