Loan set up

[Captainredbus]

Hi, just looking opinions,

We own our own home out right, and have just brought an Investment property, with a 100% mortgage which is our only borrowing.

Should we have that Investment mortgage Interest only or pay the principal too?

Servicing the debt either way...

[Crookie]

What are the best deals / rates you guys are seeing out there at the moment on a 1 year fixed rate (400k) and a revolving credit loan (400k)

cheers

[turtlepower]

We currently have a mortgaged property (Property 1) as our main residence, we recently purchased a property (Property 2) which will become our main residence while Property 1 will become a rental.

We will need to get a new mortgage to buy Property 2 and it was recommended that we initiate...

[Captainredbus]

Hia,

I'm after some advice to point me in the direction of the right professionals.

One of our kids (early 20's), has saved up enough for their first deposit, and looking at to buy a property or investment.

They have access to cheap housing, so we were wanting...

[Frezzinghot]

https://www.facebook.com/share/p/4e5...ibextid=79PoIi

If property is not a financial scam, then convid was indeed a deadly virus.

the listing in this link is actually marked as a property home, all this for the bargain price of 850k. Is it just me or is this literally...

[samsinclair]

Hope someone here can enlighten me on how to make most of a new Flexible Home Loan I just got but has condition that I must produce signed building contract. Meanwhile I want to do some of the job on DIY and get different contracts for what I cannot do like plumbing, electricity, gas, buidling consent,...

[donna]

Hi All,

I found this an interesting "Press Release" on how homebuyers may be able to get a property by taking in flatmates - and the home builders Generation Homes see it as a sales strategy - i.e., buy a bigger home 3 or 4 beds maybe with an additional bathroom and sitting room...

[cha]

I have rentals that are in a partnership with my partner. The mortgage on these properties are fairly low compared to the market value. We recently moved into our own home which has a big mortgage. Is there a way to release some funds say 150- 200k from the rental properties account and pay some of...

[cchurch91]

Back story, my business partner and I have used the same broker for around 10 years, at one time having 3 million in loans.
Recently these loans were paid off, however, I personally took out a new mortgage to buy my own place.
At the time I knew this might not be a long loan as I planned...

[Crookie]

Borrow 500k against an investment property at 6.35% on a 5 year term (yes I know short), Payment would be $2246 per week P&I
Over 5 years, this equates to $583,960 paid to the bank, however, lets say that loan is deductable against a profitable investment property, the true cost of the loan...

[Frezzinghot]

What is the best 6 month rates everyone is getting atm?

[donna]

It’s taken just 4 years to double the number of homeowners with $1million or $2million mortgages.

One couple with $260K income struggling with $1m mortgage.

Another has to find $6K every 2 weeks for repayments.

Why hang on - why not sell?

In negative...

[damNatives]

I have received consent for a subdivision in Northland. I'd like to borrow against the equity (well under 50% LVR including existing debt) to build on Lot 1, which I will then sell. Can anyone recommend a lender for a third tier, short term loan? Looking for capitalized interest, low/no doc loan from...

[ksuds47]

1st time user and looking for advice!

Rental property - mortgage $240000 (rent $350 per week)
city apartment (holiday home not rented) - mortgage $210000 (half owned with family)

we have just sold our family home which was mortgage free as we need to move towns for my...

[donna]

No downward movement for interest rates in the UK yet. 2024 - the year of pain for 800K borrowers.

https://www.bbc.co.uk/news/business-65925224...