[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 29, 2005 - 11:36 am

Rob, this forum isn’t about you….or me….

get it??

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 29, 2005 - 10:52 am

<edited – in fact this is the most interesting of topics 9.50pm Friday night>

this is a really interesting topic – asking price = $ at todays value/cost, terms = $ at a time/value calculation

Steve, how would you negotiate in todays market – say sub 7km/inner city Brissy?

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 29, 2005 - 10:33 am

Correct, but it is a very commercially acceptable rate and structure, and, it is a low doc after all….

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 29, 2005 - 10:02 am

banks don’t discriminate on age, they do however have to be able to demonstrate that an applicant can service the loan for the total maximum term of the loan.

get it?

as an earlier post mentioned, sw, ‘logic’ doesn’t factor

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 29, 2005 - 9:52 am

do you have a fast solicitor?

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 29, 2005 - 9:33 am

this is of no use to Rod of course, but i think the MMS is available as a self cert, it just changes name to a MSE (Express) – reducing rate, free redraw, low doc, bells with pretty whistles etc.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 29, 2005 - 9:19 am

probably not histories the first pointless conversation with a financial planner …

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 28, 2005 - 7:22 pm

i think Terry and Rob have covered this.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 28, 2005 - 12:10 pm

if your figure didn’t include stamp duty, around $1300 difference.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 28, 2005 - 12:01 pm

LMI is based on % and is different for each lender. Significantly different in fact.

I think you could have got it cheaper.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 28, 2005 - 11:48 am

Rod,

you do realise that every $’s worth of equity (whether its someone elses or not) will equal precisely the same amount of $’s of debt/mortgage don’t you?

equity has to be paid for if you use it, it’s not some sort of manna from heaven.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 27, 2005 - 10:17 pm

I’d focus on finding an account with no transactional fees – Heritage?? from memory may suit.

If your only wanting to hold $100 max in the account at any time, well, the interest earnt whether its 5.25 or 6% is totally irrelevant.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 17, 2005 - 3:51 am

oh thats too funny.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 17, 2005 - 3:46 am

the real estate agents trust account (where deposits are held) do not earn interest.

as for how much you put down – its all negotiable and seeing as its your money, i’d reckon you have the upper hand.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 15, 2005 - 6:13 am

thanks guys, i’ve had a quick dig around the intray and found some info on these – one certainly would need to brace themselves for the fees – but i’m sure there’s a market for them. probably not everyday useage i’d imagine.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 12, 2005 - 11:29 am

the term ‘investments’ is simply huge – maybe you can define it a tad, you know, somewhere between Number Plates and French Clocks

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 12, 2005 - 11:21 am

Originally posted by Mobile Mortgage:

Hi Leo,
Rates on 90% LVR low doc will be at the high end, mid 7 to 9% depending on lender and the type & size of the security, You may need to factor in the LMI premium on top of your closing costs, Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

LODOC and LMI @ 90%? surely not?

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 12, 2005 - 10:53 am

hi, all of the above plus MONEY, serious RESEARCH and never lay down TENACITY.

Good luck with it, the property management industry could certainly use a NICHE- whatever it is.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 12, 2005 - 10:30 am

17 years same industry (15mths self employed) should be ‘win’able – as long as your cashflow supports the borrowings.

can u explain the 82% and 60% thingy please, really lost me there. are you x coll on everything?

cheers

brahms
CALL NOW…adults only (boys and girls ask mummy or daddy first) ~~ 1900 HOT BROKER ~~

[brahmsParticipant@brahmsJoin Date: 2004Post Count: 485]

April 12, 2005 - 9:56 am

if you have significant amounts of cash at hand than the offset account could be of benefit, if not, probably not.

a couple of grand in an offset for a year or two = cost of a cup of coffee (subject to local coffee costs

cheers

brahms
CALL NOW…adults only (boys and girls ask mummy or daddy first) ~~ 1900 HOT BROKER ~~