How much do I need

Discussion in 'Loans & Mortgage Brokers' started by leon brown, 23rd Dec, 2019.

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  1. leon brown

    leon brown Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    52
    Location:
    nsw
    Hello

    I want to purchase the building I currently lease for 800k how much do I need 30% excluding stamp duty etc What is the loan term and rates thanks
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    18th Jun, 2015
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    24,320
    Location:
    Sydney or NSW or Australia
    Commercial? Residential?

    What state?

    Have you spoken to a broker?
     
  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    35,802
    Location:
    Australia wide
    Who knows!

    Are you wanting to borrow 70% of $800k? That would be $560,000

    Term would be anything up to 30 years

    rates would depend on a lot of things. Is it commercial, residential, size, etc
     
  4. Beano

    Beano Well-Known Member

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    7th Apr, 2016
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    Location:
    Brisbane
    Is the $800k pa the net rental or gross ?
     
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