Hi All Biz has asked me to post on financing and dealing with banks...in after APRA have tightened the noose on investor lending New to property, looking to learn as much as I can. Here are my thoughts: 1. You need to understand your limitations well. If you have less than a 20% deposit...in most instances the banks are no go. However, there are many institutions which are funded or backed by banks..they even use the same bank accounts as the Big 4...i.e. RAMS. They will still lend you up to 88%, 90%, and even 95%. These are not advertised but available...some do not put these through broker channels as they use their own fronts. Lots of these funders...but they are not going to be available by brokers who use mainly banks. 2. Understand the area you are purchasing...some banks will have valuers who low ball the area and your finance get declined just on the advice of some idiot valuer who has not idea. I tend to either present recent sales as a back-up or challenge the valuer to get this through. The last one I did embarrassed everyone at a Big...they waived my LMI! 3. I know this is a big ask before you put a loan in try to understand what their policies are. Unfortunately...most brokers even don't understand this. The best way to do this is to work with a banks who will provide an approval in principal before it is formally submitted and credit check is done. FInd the people in the banks who will put the extra yards by clearing your loan in principal even with the LMI guys. 4. If you have the 20% deposit..use the banks who do not use Genworth or QBE. Westpac, St George and other now use a company in the West Indies to insure loans. They will have a portfolio around the world and will be more inclined to go easier with Aussie loans for diversification within reason. 5. Would not recommend it but some people have put loans through as PPORs and then due "changed circumstances" have converted to IP loan. 6. If you are rejected ..ask why...if you smell a rat...push it through and make a lot of noise. I helps if you understand the basis of the rejection. There is a lot of younger staff who are making poor decisions...they are poorly trained screen jockeys..the senior guys will make a judgement call on a marginal loan based on the following: your stability of address & job, amount in your offsets, payment conduct over the years, your track record of investments, etc. In another wards present your case like a business loan. If you have a large loan ensure it get to Head of Credit if possible. My last loan went to NSW GM ..... Ask away if you have more specific questions...eveyone's circumstances are different..will try to answer or ideas to tackle the issues if possible. One last thing...one thing you can't get around is serviceability...if you don't have money to feed yourself in the end ...the loan is not going to happen.