Forum Replies Created
rent isn’t dead money – its the economic cost of NOT living under a bridge. everything has its place and time.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbaneyeah, i hit enter and thought oops, missed it..to answer the question, yes, but it would be mitigated.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane12 months out and 20% deposit = first tier lender approval.
mi will consider after 18 months.
obviously someone who pays 90c vs 2c in the dollar is considered more favourably – but not exclusively.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanehi land64, i guess u need to determine if its structural or not, termites tend to follow moisture, lots of internal damage is a initiated by failed water proofing of showers/baths/kitchen sinks etc.
commonly (during treatment) these areas are isolated and ‘fixed’ – you just have to be sure of where exactly they have been ‘fixed’. ie. one wall or three, half the ceiling or ‘just’ one corner where the gutter over flowed etc etc etc.(with termites no amount of etc’s can be enough!)
i can only repeat my first post, redo the pest and building inspection, it could save you 10’s of thousands if u get it wrong.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbaneafter a quick review of rising costs, i think some upside in the rental income stream is required.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanecbd apartments with inheritable positive featurs – views, floor plan, location – and particularly when the seller has purchased otp 2 yrs ago.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker BrisbaneLandt, where is the property? the reason i ask is because termites are common in qld, not so common in vic, so we qlder’s tend to take it in our stride – what i mean is when i see a fence eaten out by white ants i sort of think ‘thats good, i know where they are..’
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanefor what its worth, i’d redo the building and pest report… burning up a couple of hundred now is better than a couple of thousand next year.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker BrisbaneBDM aka Brochure Delivery Man
but more seriously, a bdm has to be able to make a difference – promising the world and delivering an atlas really doesn’t cut it.
i really find it necessary to have confidence in the lender behind the bdm – if my clients get substandard service post settlement it will reflect on me – not interested in this sort of outcome.
and when running a scenario – saying NO is a good thing, just do it quickly so i can move on and place the loan somewhere else.
returning calls, emails, contactability etc is simply ‘business practice’ – if its not appropriate than i can only reiterate Terry’s words.
and importantly, bdm’s need a very good expense account or at least a corporate box at the ‘gabba – he he, just kidding…
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanesend me a pm – i’ll send u details of some firms we use.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker BrisbaneCarlyle
waiving mi on 95% i’d rate as highly ambitious – one option would be to effect purchase at 95% and then capitalise the mi to a max of 97% – some banks restrict ‘refinances’ to 90% – so be careful to get this right.as stated earlier, talk to a broker, a good one will make this job so much easier.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker BrisbaneAlso, you may even consider a reverse mortgage – these mostly do disciminate on age -ie, you have to be at least 65yrs (or something like that) to get one – these offer a number of options –
– lump sum payment
– monthly pmt to supplement other income streams
– all of the abovecheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanei wouldn’t write it off that quick – depends on overall strenght and the property itself. Oh, and it depends on lender.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanei’d suggest you discuss this with your solicitor -particularly if you engaged a WA solicitor to act on your behalf.
maybe thay can recommend someone to act on your behalf on a fee for service basis.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbaneits sort of like asking …
‘whos got the best mortgage manager?’
is there any difference between packaged up Adelaide Bank, ING Bank, Macquarie Bank, Origin, Liberty etc from one manager to the next?
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanetks naba
correct me if i’m wrong, but thats only indicative of your panel lenders. not mine.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanei have a huge amount of confidence in the brissy city market – both for resales and rental.
i work in this market.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbaneas Rob has said, other factors apply to any finance application.
the original question from uforia was concise – refering to mortgage insurance only.
get it??
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanethere is a pure relationship between loan amount and the applicants salary, savings and situation.
its sort of…non negotiable (no matter if “u r da man’ – apologies to the other ‘the man’)
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbaneagain Rob, you are correct.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
