Know your purchase power

Author: Mark Harvey, PCS Finance

Once you have decided that Management Rights are for you, get cashed up.

You don’t want to have found the right building and not have sold your house that is providing the equity.

You can borrow against the house however that will reduce your repayment capacity by increasing your debt level, which in turn reduces your borrowing power. Also you do not want to give your property away just to meet contract time lines. Once you are cashed up your Specialist Finance Broker will be able to advise on your purchase power.

Mark Harvey

PCS Finance

PCS Finance Pty Ltd

ABN 78 123 632 743

4^th Floor Seabank Building

12-14 Marine Pde Southport Q 4215

PO Box 10586 Southport Q 4215

PH: 55327539

FAX: 55327571

MOB: 0411327539

e-mail: mark@pcsfinance.com.au

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