Sam W replied to the topic Vacant Possession denied in the forum Help Needed! 9 years, 1 month ago
Just curious, wouldn’t it make better sense tax wise to renovate it straight away and get tenants in as soon as possible? 12 months to renovate a unit is a long time, a lot of missed rent and tax deductions.
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Sam W replied to the topic Paying mortgage insurance twice? in the forum Finance 9 years, 6 months ago
Evening all
Well after requesting an explanation in writing they came back and told me that since our last payment went through we now have the required 20% and no longer will need to pay mortgage insurance. Seems incredible convenient of them. I had a gut feeling if i pushed this issue it would go away.
Regards
Sam
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Sam W replied to the topic Paying mortgage insurance twice? in the forum Finance 9 years, 7 months ago
The properties value has stayed the same according to the banks valuation. I will ask for the explanation in writing before i proceed any further. Thank you all for your input.
Sam
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Sam W replied to the topic Paying mortgage insurance twice? in the forum Finance 9 years, 7 months ago
Hi Jamie
The loan is through NAB. They are asking for around $500. In regards to refinancing and external valuations, wouldn’t the money they are asking for quickly get eaten up by these other avenues?
Regards
Sam W
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Sam W started the topic Paying mortgage insurance twice? in the forum Finance 9 years, 7 months ago
Hello
Im currently looking to switch the mortgage for an investment property from PI to IO. My lender has now told me i will have to pay mortgage insurance again. Im told the reason behind this is because with the valuation staying the same as what the purchase price was three and a half years plus what i have paid off doesn’t cover the 20%…[Read more]
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Sam W replied to the topic Water charges in the forum Help Needed! 10 years, 1 month ago
Thanks for the responses, greatly appreciated!
thecreast- The lease is up for renewal in May so i will be getting the property certified before then. I have asked the PM for a please explain from the tenant. Waiting to hear if anything comes from it. I am wanting to put rent up once this lease is up, is this allowed at the same time i include…[Read more]
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