PropertyInvesting.com | dyno | Activity

dyno replied to the topic Residential Finance Brick Wall. in the forum Finance

Mon, 28 Jun 2010 04:38:29 +0000

12 month term no DEF can be done! you just need to know where to look.

dyno replied to the topic Anyone know best commercial rates currently? in the forum Finance

Thu, 04 Dec 2008 03:10:44 +0000

Hi Luke,yes you are correct, the type of security will differ the interest rate you are able to secure greatly. But generally on variable 7-10% are common. You should also consider a fixed rate, becuase ATM you can source these in the low to mid 5's for 1-3 years. Depending on the loan amount.Your broker should be able to source the right facility…[Read more]

dyno replied to the topic Loan required for 2nd IP in the forum Finance

Mon, 18 Feb 2008 23:53:00 +0000

i'd need a bit more information from you. if you'd like to contact me on my business email i'd be happy to discuss.kind regards,

dyno replied to the topic Writen offer for property in SA in the forum Help Needed!

Mon, 18 Feb 2008 23:20:10 +0000

Hi Sarah,when purchasing a house you'll need to involve a conveyancer for the property transfer. A good conveyancer will be able to assist you in writing a letter of offer up; alternatively you could write one up yourself or make an offer verbally.

dyno replied to the topic Loan recommendation for my 1st IP? in the forum Finance

Mon, 18 Feb 2008 04:48:01 +0000

If your borrowings are over $200k any of the major's will be able to help. Also AMP have a good basic variable product out at the moment with a 100% offset account with no annual or ongoing fees.cheers,

dyno replied to the topic The best way to start in property: Buying a Home or a Property Investment? in the forum Hi Bravo, as they say rent

Mon, 18 Feb 2008 04:38:28 +0000

Hi Bravo,as they say rent money is dead money. by renting your probably paying someone else's mortgage off. Although there a substantial benefits to be made with an investment property. The benefits of an investment property are rental income, depreciation and interest and bank charges can be claimed, to name but a few.I suggest you speak to y…[Read more]

dyno replied to the topic Loan recommendation for my 1st IP? in the forum Finance

Mon, 18 Feb 2008 04:22:21 +0000

Hi Mixedup,Depends on your circumstances. Are you going to apply for a Fulldoc or LoDoc? Do you have another property with equity that you can use for a deposit? Or are you wanting to apply for a 100% lend?I suggest you chose a loan with a 100% offset account. this way you have flexibility with your loan and can offset interest charges. The b…[Read more]

dyno replied to the topic lo doc first property in the forum Finance

Sun, 17 Feb 2008 02:13:24 +0000

Jaffasoft,your correct in assuming the bank's make less profit of this kind of loan. The banks are a business like anyone else and they work for the shareholders. So their number one aim is profit, and they'd like to keep you in debt for as long as possible. If your bank is doing you an injustice i'd consider taking your business somewhere…[Read more]

dyno replied to the topic Finance for reg'd builders?? in the forum Finance

Sun, 17 Feb 2008 02:05:19 +0000

Your talking commercial products here where a business banker at any bank should be happy to do business with you. This does not fall into the standard mum and dad construction arena.regards,

dyno replied to the topic Is there anyone that offers low or no doc COMMERCIAL loans?? in the forum Finance

Sun, 17 Feb 2008 01:59:57 +0000

Hi Misty1,when your talking Constructions and Developments, they usually don't require financials. the lenders usually go on the strength of the deal. If the LVR at the construction stage is 80% or under and you capitalise interest repayments you wont need to provide financials. Also if the bank sees you stand to make a profit upon completion…[Read more]

dyno replied to the topic no deposit loan in the forum Hi Jules, With a good income

Sun, 17 Feb 2008 01:35:17 +0000

Hi Jules,With a good income and minimal deposit 106% lends are available. this means you can borrow 100% of the purchase price and borrow the costs too, e.g stamp duty and other fees. But if you read the earlier posts there a post code restrictions where you can buy.Your post says you want to buy your first investment property, so if you have…[Read more]

dyno replied to the topic Loans restricted by income. in the forum Finance

Sun, 17 Feb 2008 01:09:36 +0000

Hi Rob,If your getting knocked back from some lenders you should consider a non bank lender, who'll take into consideration 100% rental income.regards,

dyno replied to the topic AMP Banking Mortgage Service Experience in the forum Finance

Sun, 17 Feb 2008 00:46:38 +0000

Hi Salil,I've settled many loans with AMP, and they offer a very competitive product with one the lowest rates available with very minimal set up costs and no ongoing fees with the Basic variable product. There loan processing department is efficient and provide good post settlement service. Whilst there Basic variable loans is good at the moment…[Read more]

dyno replied to the topic What do I have to do? in the forum General Property

Sun, 17 Feb 2008 00:33:45 +0000

Have you got someone who can go guarantor for your income to prop up your serviceability. this way you can secure the property.regards,

dyno replied to the topic CBA Kicks off the rate rise in the forum Finance

Sat, 16 Feb 2008 03:25:32 +0000

Yes Richard. It won't be the last either.regards,

dyno replied to the topic X inc mortgage company .92% off variable rate? in the forum Finance

Sat, 16 Feb 2008 03:24:23 +0000

Back to the original question. X Inc i believe are a securitised lender, they use products equivalent to Challenger and Firstmac. The problem with these Non Bank lenders are the break fee's. Generally they are applicable in the first 5 years of a loan, if it is to be refinanced. And they can have astronomical break fees up to 2.5 times your m…[Read more]

dyno replied to the topic Best refinance deal in the forum Finance

Sat, 16 Feb 2008 03:01:50 +0000

When taking into consideration high LVR refi's most lenders will go up to 90%. 95% LVR's with caplitalised LMI are basically 97% lends. Bare in mind you'll need a genuine reason for cash out when talking LVR's over 90%. You'll need to provide an explanation as to what those funds are to be used for. Hi LVR loans have stricter Lending Policy's an…[Read more]

dyno replied to the topic Financing property flipping/trading in the forum Finance

Sat, 16 Feb 2008 02:46:26 +0000

Hi Jeff,if you have a base security to use with plenty of equity you wont need to go down the path of a development loan. A capitalising Line Of Credit will probably be sufficient, Although i don't know all your circumstances to recommend this.Development loans can be quite different from one and other, but when your talking development loan's…[Read more]

dyno replied to the topic Smash the mortgage or keep it in another account? in the forum Finance

Sat, 16 Feb 2008 02:34:58 +0000

Hi Mark,you'll have to check your loan policy. Most variable rate products will allow you to 'park' your cash onto the loan with a full redraw in the future. This would be the cheapest way to go.(if not you might want to consider switching). It sounds like the IP has positive cash-flow, which is a great place to be. Depending on whether your IP…[Read more]

dyno replied to the topic What to do ?????What to do???????? in the forum Finance

Sat, 16 Feb 2008 02:15:51 +0000

Hi Damien,In response to your question PPOR stands for; Principal Place Of Residence. e.g .Owner Occupied.Here's a couple of things you should take into consideration. As discussed in earlier post's LVR has to be considered. But the other fundamental that you have to take into consideration is serviceability. If you already owe above $350k…[Read more]

dyno replied to the topic home loans for sole traders in the forum Finance

Sat, 16 Feb 2008 01:55:05 +0000

Hi,A LoDoc option is usually the easiest way to go. Some lenders will do 1 year ABN, or no ABN, but these loans require verification from your accountant (as apposed to the standard 2 years ABN) . This way you won't have to back date your ABN. Be wary with LoDoc's because with all the big 4 LMI is applicable as soon as you borrow over 60% LVR, as…[Read more]

dyno replied to the topic I own my PPOR outright, will I be required to pay mortgage insurance on IP if borrowing 106%? in the forum Hi Caden, the long and short

Sat, 16 Feb 2008 01:31:24 +0000

Hi Caden,the long and short of it is; if your happy to use your PPOR as security or releasing equity for deposit plus costs, no you wont be stung with LMI. regards,

dyno replied to the topic discounted rates on mortgage over $1 mil? in the forum Hi Matt, There's always a

Sat, 16 Feb 2008 01:19:55 +0000

Hi Matt,There's always a better option, depending on who you talk to. Homeside has good products but a .8% discount with them will equate to 8.22% pa. Over 1 million dollars in loans i should be able to get you as little as 8.12% pa with a 100% offset account and no on going fees. There are few lenders who will get below 8.2% pa. regards,

dyno replied to the topic Loan required for 2nd IP in the forum on the surface it looks ok.

Sat, 16 Feb 2008 01:01:13 +0000

on the surface it looks ok. But you have to take other variables into consideration; like do you have any dependants? or other debts? Other than that its worth investigating further.cheers,