PropertyInvesting.com | Cameron_2 | Activity https://www.propertyinvesting.com/members/cameron_2/activity/ Activity feed for Cameron_2. Mon, 13 Apr 2026 04:57:34 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 5940626a3bf8fa182d448d23746b416a Cameron_2 replied to the topic Mortgage Insurance refundable? in the forum No Subject https://www.propertyinvesting.com/topic/4367339-mortgage-insurance-refundable/#post-4425336 Sat, 30 Aug 2003 09:02:42 +0000 Hi doogs,

If you borrow new money, you pay mortgage stamp duty on it. The lil’ buggers in state gov. know how to rob us of a dime at any opportunity eh.
Aparantly you even pay mortgage stamp duty again if you take your existing loan to a new security property – known as portability. How’s that for cheeky!! But MSD is not usually more than LMI.…[Read more]

]]> 1a4e7fdf761657cf77d99599e19afb35 Cameron_2 replied to the topic it the same as wages in the forum No Subject https://www.propertyinvesting.com/topic/4367338-it-the-same-as-wages/#post-4425328 Sat, 30 Aug 2003 08:50:30 +0000 Hi aaronj,
I’m not quite sure what your question is. But if you are asking whether a lender will accept centrelink payments in the same manner as wages when deciding if you can afford a loan, it does depend.

For example if you want to use family payments as part of your income, your children must be under 12 years old. (i.e. the income must…[Read more]

]]> e919a8bc973fc11e768cf98350d4c8e0 Cameron_2 replied to the topic Renovation opportunity scenario in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367176-renovation-opportunity-scenario/#post-4424008 Fri, 29 Aug 2003 12:06:58 +0000 Thanks everyone!
You have given me a lot of confidence. His solicitor faxed me the contract today and I’m reviewing now ready to sign.

Given that most plumbers I’ve talked to say $5-6K max, it’s a bargain. [:D] Think I’ll hold onto it as Burleigh is a place where many developments are planned and it’s a seachange venue for the babyboomers – just…[Read more]

]]> 1ea5acbd9043a1afb6099f88fc09fbf3 Cameron_2 replied to the topic How to discharge a cross-collateralised property in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367301-how-to-discharge-a-cross-collateralised-property/#post-4425089 Thu, 28 Aug 2003 11:03:51 +0000 Hi guys,

As understand it cross-collateralisation usually is required when you have equity in one property -say your place of residence, and you want to purchase another property with finance for 100% of the purchase price plus costs, on a new, seperate loan – say an interest only loan. This keeps your tax deductable debt seperate from your…[Read more]

]]> 20ab551dd5bf50a68d06838e962980cc Cameron_2 replied to the topic First Investment Property in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367177-first-investment-property-2/#post-4424012 Sun, 24 Aug 2003 03:15:48 +0000 Just like to add ofcourse that the amount of money you can borrow is dependant on the bank’s value of your current property. For example if your property is valued at $500K and you owe $200K then you can purchase new properties for at least $800K. So your new loan size including original loan, purchase costs and purchase price would be just over…[Read more]

]]> 940c7ba3fb8ce21d7a51b26b99da27ac Cameron_2 replied to the topic First Investment Property in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367177-first-investment-property-2/#post-4424010 Sun, 24 Aug 2003 02:07:48 +0000 Hi Bernadet,

The diffuculty may be getting the lender to believe that your ppor has a rental return – unless you have lease agreements set up – usually no the case when you rent out bedrooms.

So you might like to explore lo-doc loans, where you simply sign a stat. dec declaring your income, and the lenders take that figure for their…[Read more]

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