so far ratebusters.com.au meets my needs, best so it seems
Well after asking about it looks like how I was hoping it worked is not quite how it works (I guess that would just be too easy for me).. but there are a few close approximations.. ratebusters has relatively low interest rates, a line of credit facility, and up to 10 account splits at $100 per split if done after settlement.. with this I may be able to slice up the loan into investment specific portions as build equity with not too much additional expense or hassle.
Also ratebusters relatively prompt and straightforward in answering my questions, and their web site is one of the few that actually bothers to go into a bit of detail on all the ifs and buts and elses of their products, with actual descriptions and examples of How It Works.
The disadvantage is their fee structure appears set to penalise people who leave them early, but then all things considered I see no reason to leave them early if all goes according to plan.
Well mostly prompt.. still waiting for them to get back to me on my latest bunch of dumb questions.
Comment by arandomperson — June 12, 2007 @ 9:50 am
Well they did get back, with quite an informational answer to my queries, I now have some kind of idea how I am going to proceed in all of this.
Comment by arandomperson — June 13, 2007 @ 9:46 am
I’m currently looking for a home loan to fund my first investment property and came across LoanAustralia as a potential option. Can I ask why you went away from LoanAustralia.
Comment by MrHyde — July 11, 2007 @ 5:06 pm
Well loanaustralia didn’t really answer my queries in any level of detail, and their web site is quite vague on details. The Ratebusters site does have a lot of nittygritty info on the actual hands on mechanics of their products that very few other sites do. Although neither ratebusters or loanaustralia could meet my initial requirements (but then apparently I was asking too much?) ratebusters particular set of features could be adapted to a close enough match, and they were quite helpful in explaining to me.
Comment by arandomperson — July 11, 2007 @ 8:20 pm