In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Rental income
Income derived from investment properties. This will improve a client’s serviceability and DTI. Rental and other rental-related income is the full amount of rent and associated payments that you receive, or become entitled to, when you rent out your property, whether it is paid to you or your agent. As a rule, they will normally use 80% of this income in your borrowing capacity calculations.
Yes, if you would like to do non-structural renovations and you have the equity to do it, you can always refinance, do a ‘top up’ or ‘cash out’.
Renovations are a beneficial way to let you plan out your dream home plus also add value to your property.
Even know you already have a home loan you will still need to ‘qualify’ for the additional funds for the renovation, so contact us to make sure the extra cash is in line with your current financial circumstances.
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