Search found 3 matches

by Mark
Mon Sep 30, 2019 7:06 pm
Forum: Home Loan Forum
Topic: Buying a mixed property. Do I apply for a residential or commercial loan?
Replies: 5
Views: 10502

Re: Buying a mixed property. Do I apply for a residential or commercial loan?

I did not think that the bank would factor in the tenants’ rent as well. Why do banks need to do this?
by Mark
Mon Sep 30, 2019 6:22 pm
Forum: Home Loan Forum
Topic: Buying a mixed property. Do I apply for a residential or commercial loan?
Replies: 5
Views: 10502

Re: Buying a mixed property. Do I apply for a residential or commercial loan?

Ok, thanks for the info. Since my property has a retail shop, will it be valued higher?
by Mark
Mon Sep 30, 2019 4:59 pm
Forum: Home Loan Forum
Topic: Buying a mixed property. Do I apply for a residential or commercial loan?
Replies: 5
Views: 10502

Buying a mixed property. Do I apply for a residential or commercial loan?

My name is Mark and I am looking to buy a property in ACT which has a small space for a retail shop, which I will be renting to someone else and I want to live in the apartment above it. Which loan do I apply for? Residential or commercial loan?