What NOT to tell your LENDER when applying for a MORTGAGE LOAN from solicitors loans rates Watch Video

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Angelo Christian Financial

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Do you have funds in your home loan redraw account or line of credit and only receiving home loan interest rates?nnWith the average home loan rates in 2020 being typically 2‐3% pa, parking your funds in accounts connected to your home loan provides similar low returns on your funds.nnReturns can be much higher, from 6.95% pa on 1st mortgages and from 14.95% pa on 2nd mortgages when using properties owned by others instead of using your own.nnBeing your own lender means you get to choose the lo
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Are you a self‐funded retiree with funds invested in Australian annuities that receive low returns on their term investments?nnWith the average annuity rates in 2020 being typically 1‐2% pa, parking your retirement funds in annuity accounts provides low returns.nnBeing your own lender, means returns can be much higher, from 6.95% pa on 1st mortgages and from 14.95% pa on 2nd mortgages.nnReturns from term annuities are paid at the end of the term. Being your own lender means interest is prepa
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Are your personal funds in a bank fixed‐term deposit and currently receiving low returns?nnConsider becoming a private lender. It's your name on the mortgage.nnThe interest received from being your own lender is much higher than the interest you can expect to receive from any bank.nnAt the start of 2020, interest rates quoted from Australian institutions were up‐to 2% pa.nnBeing your own lender, means returns can be much higher, from 6.95% pa on 1st mortgages and from 14.95% pa on 2nd mortga
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