Hi, New to PT, new to PI,
We were about to apply for pre-approval for an IP loan with Westpac, our current bank. We have a loan for our own home with westpac also.
Before we go to apply I feel I need some advice,
Sorry if this sounds really stupid but does our income have to be higher for each IP loan we get?
We would be looking for long term rental properties.
Would it be safe to finance an IP with the bank that you have your own home loan with?
and lastly,
Westpac offer mobile mortgage managers that have investment experience, are they worth a shot or steer clear?
we have a broker lined up also.
Any other advice throw it my way - I'm all ears.
Kind Regards
Chontelle
We were about to apply for pre-approval for an IP loan with Westpac, our current bank. We have a loan for our own home with westpac also.
Before we go to apply I feel I need some advice,
Sorry if this sounds really stupid but does our income have to be higher for each IP loan we get?
We would be looking for long term rental properties.
Would it be safe to finance an IP with the bank that you have your own home loan with?
and lastly,
Westpac offer mobile mortgage managers that have investment experience, are they worth a shot or steer clear?
we have a broker lined up also.
Any other advice throw it my way - I'm all ears.
Kind Regards
Chontelle
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