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coretex replied to the topic Downside of Cross Collateralised Loan in the forum General Property

Wed, 10 Nov 2010 05:47:34 +0000

probaly was but thanks for that link

coretex replied to the topic Downside of Cross Collateralised Loan in the forum General Property

Fri, 05 Nov 2010 05:12:47 +0000

well i got told by a broker if you have say 2 securities with the same bank they are deemed to be separate loans and different securities can be secured against these properties at a later stage or “refinancing”. This doesn’t technically cross cat the loans but if you default on your loans or repayments and somehow the banks wanted there money…[Read more]

coretex replied to the topic Downside of Cross Collateralised Loan in the forum keep in mind the all monies

Fri, 05 Nov 2010 03:05:10 +0000

keep in mind the all monies clause! only if your crossing it with the same bank & separate loans. i only learned about this the other day.

coretex replied to the topic Finance on first IP in the forum Finance

Tue, 11 May 2010 05:37:37 +0000

Hi Brad,With so many defaults within 5years i highly doubt you will get finance through the big banks especially if you need to use Mortgage insurance.

coretex replied to the topic PPOR to IP: need to notify bank? in the forum Help Needed!

Wed, 04 Nov 2009 02:53:35 +0000

nope i haven't i done exact same thing as yourself i had to change my loans over to IO from PI set this up wrong from the start.

coretex replied to the topic depreciation schedule on a 20yo house in the forum General Property

Mon, 28 Sep 2009 03:20:59 +0000

thanksi may take these guys up on the gold package so cheap! iv been quoted $500-650 for a report done on my house

coretex replied to the topic depreciation schedule on a 20yo house in the forum General Property

Sun, 27 Sep 2009 22:52:04 +0000

hey Nafe,shoot me a pm with the details

coretex replied to the topic Experience with claiming FHOG but never moving into the place? in the forum Help Needed!

Mon, 14 Sep 2009 04:22:59 +0000

not worth the risk of paying back $17000+ and fines!

coretex replied to the topic New Property Purchase but current house has to be secured... help in the forum hmmm Richard am i right in

Thu, 10 Sep 2009 22:39:26 +0000

hmmmRichard am i right in my last post? or can you correct me

coretex replied to the topic New Property Purchase but current house has to be secured... help in the forum Thanks Richard my broker can

Thu, 10 Sep 2009 01:16:15 +0000

Thanks Richard my broker can get me 97%LVR because i am an existing customer i think thats including LMI. So on my new property would i be paying LMI based on my total debt? or just on the new property? i don't quite understand if my total debt is 103% with my bank and say i wanted to sell for an example would the total LVR on both securities need…[Read more]

coretex replied to the topic Deprecation Schedule – If and from where? in the forum Help Needed!

Mon, 07 Sep 2009 02:33:48 +0000

Hi Guys,can anyone recommend someone in melbourne?

coretex replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Cheers MikeReal eye opener

Mon, 06 Jul 2009 03:33:27 +0000

Cheers MikeReal eye opener to read the reports should of done the hunting around prior to purchase but i didn't know

coretex replied to the topic FHOG - when is it paid? in the forum Help Needed!

Mon, 01 Jun 2009 23:35:52 +0000

Hi Rich71,iv recently ultilized the FHOG & PPOR consessionFHOG is paid before or on settlement you don't see it all happens in the back endPPoR concession is done at settlement i acutally recieve my stamp duty concession about 3 days after settlement.hope this answers your questioncheersBill

coretex replied to the topic Caveats in the forum Legal & Accounting

Fri, 22 May 2009 06:24:17 +0000

i done a caveat purely for peace of mind it only cost me $70 odd dollars i don't know were they got that figure from

coretex replied to the topic RBA Rate Cut in the forum Finance

Thu, 09 Apr 2009 05:19:45 +0000

least they are cutting them!im happy my bank pulled its finger out "westpac"

coretex replied to the topic Getting a Home Loan question in the forum Finance

Thu, 26 Mar 2009 05:31:05 +0000

Richard,Wow that information i did provide was based on pre approvals back at the end of febuary when i was looking at house loans. I am guessing with the fincial crisis the banks are tighening up there lending requirements.all the best Dank

coretex replied to the topic Getting a Home Loan question in the forum Finance

Wed, 25 Mar 2009 21:47:11 +0000

dank,i recently got a loan new job same idustry on a probation through westpac no worries, apprently commbank don't care thats what my broker told me.i just had to provide a letter saying i am doing really well and i am working full time didn't mention the probation.good luck

coretex replied to the topic first house to be as an investment in the forum Help Needed!

Mon, 16 Mar 2009 04:36:10 +0000

is it worth switching if i most probaly be moving in as my PPOR within 2yrs? I definatley want my next property to be a full offset interest only thanks Richard

coretex replied to the topic first house to be as an investment in the forum Hi Maree Thanks :) i have

Mon, 16 Mar 2009 04:13:00 +0000

Hi MareeThanks i have emailed youmy loan is with westpac flexi first principle & interest i do eventually one day move into my house to live and have 1 or 2 IP interest only loans. Cheers

coretex replied to the topic New Property - Enquiry regarding property inspection in the forum thanks

Wed, 04 Mar 2009 03:51:17 +0000

thanks