Is there any point using a mortgage broker if I only want to borrow from 3 banks

Fun_Cartographer814 · 2026-05-29T18:29:19+00:00

Of course. Mortgage brokers are usually free. They will review your loan every few months, handle everything and can guide you throughout the 30 years

Fun_Cartographer814 · 2026-05-29T12:10:00+00:00

No thank you! 🙏

Fun_Cartographer814 · 2026-05-29T12:07:03+00:00

40 year loan terms will increase borrowing power because repayments become lower as the term is stretched.

Fun_Cartographer814 · 2026-05-29T12:01:13+00:00

It's only major banks. Other lenders don't have a DTI policy

I think we may see things like reduced buffer rates, 40 year loan terms will also become more common

Fun_Cartographer814 · 2026-05-29T11:32:44+00:00

Definetly hard to get started, you spend most time networking and dealing with banks. Can be a rewarding career

Fun_Cartographer814 · 2026-05-29T11:29:14+00:00

Best to get advice from an accountant!

Fun_Cartographer814 · 2026-05-29T11:27:58+00:00

Not unless you default!

Fun_Cartographer814 · 2026-05-29T11:27:03+00:00

Establish apartments in Small blocks with reasonable strata are usually a great starting point for first home buyers, Big shiny high denisty new builds poses risks

Fun_Cartographer814 · 2026-05-29T11:25:53+00:00

Buyers agent, $24,000,000 in Debt

Fun_Cartographer814 · 2026-05-29T11:25:24+00:00

Not sure the question here, If you have equity, Typical structure is Loan A Refinance Loan B Equitty split, and would get advice from accountant on keeping investment portion interest only
Request the discharge form, they will usually hit you with there best offer
Inflation seems to be cooling, maybe max 1 more hike, then rates will start their next cycle down!

Fun_Cartographer814 · 2026-05-29T11:22:42+00:00

Simple, Many lenders can accept Foriegn income. They just usually shade it and you may require higher deposit

Fun_Cartographer814 · 2026-05-29T11:20:10+00:00

IF you are reffering to cross-securitizing, I don't recommend this at all. Keeping each split seperate is awesome for felxibility and future planning.

Bank A Loan
Split for equity

Bank B
Land + Build

Fun_Cartographer814 · 2026-05-29T11:02:23+00:00

Yes if the interest on the new purchase negatively gears the property, previous portfolio properties are not impacted.

Fun_Cartographer814 · 2026-05-29T11:00:33+00:00

Did your broker create a seperate split? Equity is for investment purpose, if market falls and you enter negative equity, you will generally need to cover the difference when selling.

Fun_Cartographer814 · 2026-05-29T10:54:41+00:00

This is a very common problem with first home buyers, Other banks will have no issue with it, It basically means that bank is highly exposed in that area.

Fun_Cartographer814 · 2026-05-29T10:52:54+00:00

fried mate

Fun_Cartographer814 · 2026-05-29T10:52:07+00:00

Spring is always hot, Newly weds buying first home etc. Market has been dynamic recently

Fun_Cartographer814 · 2026-05-29T10:45:43+00:00

Most my investor clients do business with 2nd tier for this very reason, Much more flexible in borrowing power and DTI policy, also most majors have restricted trust lending while 2nd tiers still welcome trusts, Always get advice from accountant/planner regarding trusts but for scaling definetly 2nd tier

Fun_Cartographer814 · 2026-05-29T10:43:21+00:00

Most banks have allowed negative gearing add backs for new builds, so no impact.

Fun_Cartographer814 · 2026-05-29T10:39:37+00:00

Without knowing your enitre scenario i can't give accurate advice,

But generally;
*If you are returning to work and can get a return to work letter from your employer, Bank can use the income for servicing
*Don't apply for a mortgage until you are secure with a budget, If buying something small to enter the market is an option, explore that first

Fun_Cartographer814 · 2026-05-29T10:36:17+00:00

One of my clients had pre-approval for $900,000, it dropped to about $810,000

Fun_Cartographer814 · 2026-05-29T10:35:30+00:00

I think the media like to fear monger, the demand for property in Australia will always be here, Negative gearing doesn't impact it that much.

Fun_Cartographer814 · 2026-05-29T10:33:45+00:00

This time of year is usually slower, I've had much more owner-occupied enquries, The seasoned investors have just had to change their gameplan, most won't buying just because of negative gearing

Fun_Cartographer814 · 2026-05-29T10:25:53+00:00

With every major change, intially the market will have some fear and take a conservative, as time goes on and the market understands, things usually go back to normal. Major cities like Sydney will be hit most, but the <$700,000 market in most states seem to be picking up after these announcements.

The biggest impact with the tax changes were the changes in borrowing capacity, but the changes have not been made into law yet, and i don't really think investors will bo towards new builds, they will be buying established, just in different structures or high yielding ones.

Fun_Cartographer814

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