ING - No more cash out ( ON IP) and no more discounts and max Rent

Discussion in 'Loans & Mortgage Brokers' started by Mick C, 29th Jul, 2015.

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  1. Johann_

    Johann_ Well-Known Member

    Joined:
    1st Jun, 2017
    Posts:
    374
    Location:
    Melbourne
    I think the new changes coming in will benefit investors who can adapt to the changes.
    One major issue is that allot of investors are "paper" / asset rich but cash poor.

    I think lenders are aware of security risk, you access equity and you buy another investment property and use another lender for that loan.

    I think its a good time to review your property portfolios and create new strategies that apply to the new changes.
     
    Johann_, 2nd Aug, 2015
    #21
  2. Fargo

    Fargo Well-Known Member

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    23rd Jun, 2015
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    Location:
    Vic
    Such as?
     
    Fargo, 2nd Aug, 2015
    #22
    Touristy and OC1 like this.
  3. Johann_

    Johann_ Well-Known Member

    Joined:
    1st Jun, 2017
    Posts:
    374
    Location:
    Melbourne
    If a small rate rise is going to effect your portfolio then you should look at alternative options,
    eg: Fix rates and protect them from further increases, review your property portfolio and flogg off under performing properties and look at ways at creating a LVR buffer.
     
    Johann_, 2nd Aug, 2015
    #23
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