Hopefully the value of the house goes up in value over time where as the loan balance remains the same. 

Try asking  the broker if you are eligible for a no doc loan where you self certify you can afford the loan rather than having to provide evidence of income. Also get yourself an ABN number if you are running a business. Because after 2 years you can use it for helping to get loans.

Fixing the interest rate fixes your costs. So if you look at it this way it doesn't hurt so much if interest rates go down.I think that you should look at the trend of interest rate alterations. At the moment the trend is for rates to go up so fixing is a good idea. If the trend was down then fixing is not so important. I myself have a low debt…[Read more]

Use a mortgage broker as they have many lenders to choose from to suit your lending needs.

I didn't see a mention of stamp duty that would be payable on purchasing the PPOR !2k for expenses doesn't sound like stamp duty has been factored into the costs.Don't want you to get a nasty surprise expense it would be worth looking into what the stamp duty will be on 500 K property in your state. OR if it is a new property GST may be a cost…[Read more]

http://www.sro.vic.gov.au/sro/SROWebsite.nsf/taxes_landtax.htmVictorian web site It is not on your rates notice. You may have to chase it up if you do not receive a state tax notice.My parents got one because the revenue department decides that the house they have lived in for almost 40 years was not the primary residence and that the much cheaper…[Read more]

Most people see debt as a bad thing to avoid , yet they seem to borrow lots of money to buy a new car, TV, Stereo, furniture, carpet, fridge, stove, ect but they end up paying more for these items due to higher interest rates. These assets will be worth in 10 years time very little. A House should go up in value over ten years if you have a long…[Read more]

Pay the higher interest rate !  Why would this be a good idea you are asking yourself. Because you are cleaning up your credit record and once the credit record  is clean you can re-finance later on to a lower interest rate.

The 80% refers to your Loan to Value Ratio so you need to know how much your property is valued at from the valuer the bank will use and then you need to know the outstanding loan amount.Say value is $500,000 for an example. The 80% LVR figure is $400,000 so if your loan was $295,000 then you could borrow $105,000. through a line of credit type…[Read more]

Some people like me do not like living in the west due to the fact that the sun rises in the east and goes down in the west. So if you work in Melbourne you drive with the sun in your eyes in the morning and drive with the sun in your eyes in the afternoon.

this web site might be of interest to your situationhttp://www.noagentproperty.com.au/

This forum is an Australian property forum as I know nothing about USA tax I can only suggest you contact . the free help with your tax return at an IRS Taxpayer Assistance Center. You don’t need to call ahead.To find the Taxpayer Assistance Center where you live, visit http://www.irs.gov/localcontacts/index.html. To get help by phone, call t…[Read more]

Landline did a story on this topichave a look at http://www.abc.net.au/landline/content/2006/s1958816.htmOnly thing is the amount of payment per tonne is unknown at this stage as it would be market set and they also talk about carbon being absorbed into the soil and the problems with  measuring the carbon in the soil.

If you owned a PPOR rather than renting you also would incur Maintenance costs that your current renting situation doesn't incur.The main point is getting into the game. Once you start paying down the loan and building equity your financial position will improve just remember this major wisdomBorrow money for appreciating assetsPay cash for…[Read more]

I was in a mortgage development program that was marketed as flexible and casual but afterI did all the lender accrediations and the mortgage broker certificate  I discovered that it was really a full time business.As I am looking after two children under three I had no chioce but to terminate my agreement due to my aggregator havingno…[Read more]

What needs to be considered is the tax rate you are onExample tax rate was 33%negative gearing loss per year $10,000Tax saved in dollars = $3300Loss = $6,700 per year out of your pocketIf you lost employment you have to find $10,000 per year and would not get $3300 per year back as no employment incomeif you hold property for say 5 years you need…[Read more]

The 50% discount relies on you holding an asset for at least 12 months from the enter into contract dates not the settlement dates. If you own the land jointly with someone else then the gain is divided in half between the joint owners if the title is joint ownership. You both pay tax but the gain is 1/2 and with 50% discount then the gain is 25%…[Read more]

If you sell the IP you have to pay capital gains tax and stamp duty on the next IP you buy.Something to think about – You have 1560k in your PPOR that will not attract CGT and unused equity that you cannot access due to having not enough income to service any more loans.Recommend you read Steve Mcknights book regarding negative gearing compared…[Read more]

Your PPOR house is not tax deductible so if you could make extra repayments on the non investment mortgage  any savings in interest are  worthwhile. For example say you managed to repay an extra $5000 you save at 7% interest the charge of  $350 a year.Iif you are taxed at 40% you have really saved $583 because you would have to earn $583 to ha…[Read more]

Pro investor. I like the too rent dependent statement because if the bank employee is downsized at any time in the future they lose all their income in one hit .,It is less risky  to be rent dependent than wage dependent nowadays.