Hi Everyone, I'v just joined this forum. I want to buy an IP and want to use the equity that I have on my ppor for the down payment. I want to contact my bank via a broker to facilitate this process. Then once I have the funds in the offset account then I am gonna buy an IP. Is there any broker from Melbourne here? Or do you know anyone? Using broker does not have any cost for me and potentially I am gonna get a better deal ,am I right? Thanks
Brokers generally don't charge a fee for service - we're paid a commission from the bank. Can we get better deals? Possibly. Focus more on using a broker that will give excellent advice on loan structure and longer term planning to grow your portfolio. Plenty of brokers on here to choose from. Cheers Jamie
Definitely use a broker. I'd be calling Jamie- he's on the ball and will help you out. Done wonders for me.
I have used @Peter_Tersteeg and recommend him highly. Do a search on his posts and you will get a feel for his level of experience which is first rate.
