While most banks are currently only lending 70%, at Steve Taylor’s you have access to a lender ready to assist with a 90% Borrow Capacity. This is huge!!! Our lender has faith in the growth of the local market based on the current statistics. Now is a great time to re-assess the equity in your home.
Every case is different
Steve Taylor has over 40 years’ experience in tailoring cashflows to suit the specific needs of the client. His friendly and approachable manner is only a small part of the reason he has longevity in the local market. Better still, it costs nothing to visit.
A recent client story
A client that visited last week paid $120k for a home in Emerald 18 months ago. It is now valued at $300k. He borrowed 100% to buy one of Steve’s investment properties for $505,000. He intends to pay it off Principle & Interest & it will only cost him $140 p/w. The only outlay for this couple’s investment, was a $2000 deposit on the land contact.
The best part is….
Not only are the clients only outlaying $2000, we are re-financing their existing home loan at a far better interest rate! That’s right – saving them even more money! While there are a variety of options with ‘all varied’ or ‘part fixed’, in this case, the clients chose…
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…‘100% varied’ at 4.19%. This came with no loan application fees, no valuation fees, no bank fees for the first 12 months, & then a fixed bank fee of only $375 p/a.
Let’s get real, how much equty are we talking about?
Average property perfectly situated for investment is approximately $550k. Total lending can be up to 90% of the combined value of their residence and the investment property. Say our client’s residence in Emerald was valued at $300k, & they owed $180, their equity would be $120k.
Layout in figures
Need help to start your residential property investment portfolio the right way? Schedule a free, no-obligation consultation and let’s discuss your options.
If you prefer to listen here is my radio interview on Emerald 4HI:
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All information presented on this website https://stevetaylor.com.au has been provided as general advice only and should not substitute the obtainment of independent professional advice given in consideration of your personal financial circumstances, needs or objectives. While Steve Taylor & Partners Pty Ltd intends to only present up to date and accurate material and information through its website, we accept no liability for loss or damage (including indirect, special or consequential loss or damage to any person) with respect to decisions or actions taken in reliance of such information. We recommend users to exercise their own skill and care. Further, Steve Taylor & Partners Pty Ltd takes no responsibility as to the accuracy of information on third party links made available through our website but are merely provided for the users’ convenience.
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