Weighing up decisions with the fact that I have a wife and three little ones and another on the way counting on me to "get it right".

Selling properties to make a capital gain rather than holding for the long term.

Not becoming an MB sooner!

I have a good life and definitely not complaining and as I read recently "The deal of a life time comes…[Read more]

Henry Adams wrote:
I guess you are right guys when it comes to the free property then there is high chance that they are the scammers if they are all in one company offering one stop shop investment solution. 

Its true there are sharks out there but don't miss the genuine operators that can help you on your journey. They definitely exist you…[Read more]

Easy Peasy 

Step 1: Work out whether your business involves ‘credit activities’

Read Regulatory Guide 203 Do I need a credit licence? (RG 203). This guide will help you decide whether you need to get a credit licence.

Step 2: Familiarise yourself with the licensing process

Read RG 204 Applying for and varying a credit licence (RG 204). This…[Read more]

FirstHomeOwner wrote:
it seems pretty indisputable that recent record auction clearance rates and significant property value increases have been driven primarily by investor demand.  

Investors are the primary drivers of the market usually combined with low interest rates. 

In WA the government offer a shared equity…[Read more]

They where going to be my first port of call. We have had mutual clients and also had a coffee with Adam a few months back.

Cheers Tom.

Hi Tom,

Aaron Sice will be able to assist with your GF enquiries.  He works out of Wangara.

http://www.aaronsice.com.au/ 

Ps. I will also be looking for an R40 in Wanneroo in the near future and would be interested in local REA who you found helpful in the process?

Mgs4 wrote:
Hi All,

Related questions, are banks normally waiving annual/initial fees for new loans at the moment? We recently got new loan which had an applicable annual fee but also a cash payment for new loans, some promotion offer.

Also if you rate lock for 3 years, the property goes up in value and you want to tap the equity to say buy…[Read more]

If you pay less than market value initially and the market remains steady or increases then you may gain some equity. Your are essentially at the mercy of the end valuation. It is common for the end val to come in less than the purchase price so you would need reserve funds to make up the difference. 

The property would have to settle in your…[Read more]

You can go to 80 or even 90% LVR on your PPOR or IPs with some banks and access the difference (cash out) between what you currently owe, subject to serviceability.

Purpose of funds need only be for "future investment purposes" which could include overseas property as the funds from the Aussie bank are secured against your Aussie…[Read more]

craig123 wrote:
My fiancé owns a 3rd of her current PPOR with her parents, she has a 150k mortgage with an offset of 138k. She now owes 116k on the loan. Her parents do not have a mortgage on this property. The deal is that when her parents pass she will inherit 100% of the property. Basically this strange set up is this way as her parents could…[Read more]

Well done for implementing the knowledge gained in regards to IO + Offset.  It is a very simple yet effective strategy that is overlooked by ignorance more often than not.

It is to your advantage to store funds in an offset unless you can get a higher return than your current mortgage interest rate elsewhere, adjusted for tax that would normally…[Read more]

Three year max imo.

Fixed rates are good for predictable repayments.

Rarely see someone beating the banks via fixed rates (usually the opposite) but in saying that they are at 30 year lows and less than variable rates which is unusual. 

Some banks have already pushed up fixed rates so maybe they know something the average punter doesnt? 

Yes you will be able to claim interest from get go if property is for investment purpose. 

Always best to check with your accountant as I am not aware of your full situation. 

Care to share the name of the subscription software program Jamie? 

I would be interested in exploring further. 

I pay $60/month for the privilege of accessing specialist software that tracks all the latest rates, fees, charges, policies of the 20+ lenders on my panel.

I provide any necessary or requested information in the form of PDF, spreadsheets, emails etc to assist my clients to make an informed choice.

Some want a lot, some a little and some just…[Read more]

Just need to make sure total loans over house A will be paid out from disbursed funds from the sale of same house. If not enough you will have to come up with the difference. 

Why do you need to sell house A?

Your solicitor/conveyancer would be the best port of call. 

Your original LVR will need to be considered. If above 80% then LMI was payable.

If you refi elsewhere you may be up for another LMI payment where as you will get a credit if with the same bank. 

Several ways to determine a valuation but will come back to LVR/LMI to determine the viability of a refi.

I likewise treat everyone as equal. In fact some of my best referrers are people that I assisted at zero benefit to myself.

I managed to save my neighbor $2000+ in interest payments by sending a pricing request to their bank.

She gave me a thank you card with a lotto ticket enclosed. Unfortunately wasn't a winning ticket 

This link will help;

http://www.strataman.com.au/diy.html