At Bee Finance Savvy we can assist you with an upfront assessment to determine how much you can borrow, how much deposit you will need and what your options are with and without mortgage insurance (depending on the size of your deposit, including if you are considering taking this as cash out from your existing property)
In many cases we can also arrange an upfront valuation on your existing property, so that we can determine exactly how much you will have available to draw out.
We can then calculate your borrowing capacity based on the size of your deposit, projected rental income, and mortgage insurance fees, to give you an idea of exactly what range of property you can expect to look for.
All of this without marking your credit file!
We can then take you through the process step by step, first refinancing your existing property to obtain your deposit, and then obtain a pre-approval (which with current lender guidelines can be often beneficial to do this with two separate banks – contact Bee Finance Savvy to find out why!) so that you can start your property hunt with confidence!
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