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How do you use the equity in your rental house to buy another?
Fees and interest rate vary depending on the loan size and type required
great, thanks for that.
Will the interest and fees usually be higher compared to 80% or even 95% loans though?
Lets say 100% finance, 25 years P&I, $240,000 joint income $100,000 pre tax - what the weekly payments would be like?
Don't argue with idiots, they'll drag you down to their level and beat you with experience.
Ivan,
If you are asking this to qualify your tenant buyers. Nationwide (a part of the ANZ group) will allow 25 year terms on their 100% loans. However there may be an additional margin on the interest rate to compensate for the extra risk
Are you still coming up on Friday???
Cheers
Kris
For property financial solutions
CALL 021300192 or [email protected] Click HERE to be added to my Advanced Property Finance Newsletter
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