PropertyInvesting.com | FYI | Activity https://www.propertyinvesting.com/members/fyi/activity/ Activity feed for FYI. Fri, 17 Apr 2026 12:40:50 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 96cece5d7d6b6b53403c891c1790750f FYI replied to the topic Desperate help needed... in the forum Finance https://www.propertyinvesting.com/topic/4372562-desperate-help-needed/#post-4465344 Tue, 06 Apr 2004 01:37:45 +0000 Skye,

You can give me a call if you want on 9984-1911.

I am a mortgage broker now, however I worked for one of the ‘top 4’ for several years inclusing their legal departments so I know alot about the actual process and what you can expect.

I can probably explain a lot to you over the phone if this helps.

[ohno]

matt@fyimi.com.au

]]> 37e30a17a7cb4d09592cc772ccecfd42 FYI replied to the topic Where to now? in the forum Finance https://www.propertyinvesting.com/topic/4372214-where-to-now/#post-4462382 Wed, 24 Mar 2004 03:06:22 +0000 Bomber,

From your figures – you have equity, this must be an income thing. Hard to get around, you may need a more lenient lender.[upsidedown]

matt@fyimi.com.au

]]> 96d78d387878f81ff9c0618daa96eb8a FYI replied to the topic rental consideration in the forum Finance https://www.propertyinvesting.com/topic/4372006-rental-consideration/#post-4460701 Wed, 24 Mar 2004 02:53:40 +0000 Answer:

Used to – worked for NAB – left last June to go into broking…

You have the other spot on – often comes down to who they are, not how well you get along with them! (although this can help of course – is this what you mean…?)

matt@fyimi.com.au

]]> 393ac6c3be1120014249bc8cb1580803 FYI replied to the topic LINE OF CREDIT -- BEST DEALS in the forum No Subject https://www.propertyinvesting.com/topic/4372216-line-of-credit-best-deals/#post-4462404 Wed, 24 Mar 2004 02:47:32 +0000 10 points disco Stu!

[thumbsup2]

matt@fyimi.com.au

]]> 1c09c963ce88dbaeb0cfa9f4084935df FYI replied to the topic Mortgage help please! in the forum Finance https://www.propertyinvesting.com/topic/4372246-mortgage-help-please/#post-4462645 Wed, 24 Mar 2004 02:44:46 +0000 Doesn’t sound like there is anything wrong with that loan – I am aware of this rate and it is a good one to be sure.

You won’t be able to offset your account against it though. Don’t have enough info to be able to comment on anything else. [biggrin]

matt@fyimi.com.au

]]> 970446ffc593900d2139b1b9934e2a9e FYI replied to the topic Principle & interest OR Interest Only for PPOR in the forum Finance https://www.propertyinvesting.com/topic/4372247-principle-interest-or-interest-only-for-ppor/#post-4462650 Wed, 24 Mar 2004 02:33:51 +0000 This issue seems to come up often.

You can have IO on your PPOR (line of credit) – but I have absolutely no idea why you wouldn’t to pay it off (tax deductible)!!!

Sure your cash flow is better – because you have a loan that you are not paying off..[evo]

matt@fyimi.com.au

]]> 6d1db15dc295af0acde1088a5dcbe487 FYI replied to the topic Boat Business Loan in the forum Finance https://www.propertyinvesting.com/topic/4372239-boat-business-loan/#post-4462600 Wed, 24 Mar 2004 02:21:33 +0000 I have an excellent contact at NAB for these loans if you are interested.[thumbsupanim]

matt@fyimi.com.au

]]> 7bbe328fec7202b8aba72eb2d62e0eba FYI replied to the topic Interested about interest in the forum Finance https://www.propertyinvesting.com/topic/4372274-interested-about-interest/#post-4462916 Wed, 24 Mar 2004 02:18:23 +0000 Very simply, you are doing both.

You are paying extra interest to the bank (and ultimately paying more altogether as the principle needs to be repaid some day), and you are also delaying the repayment of the loan.

You are only paying more as far as your monthly repayment goes for a P & I loan. If you looked at the total loan costs (IO vs P&I)…[Read more]

]]> e086ce3bec2d9a1a477b196b3dc23f7e FYI replied to the topic rental consideration in the forum Finance https://www.propertyinvesting.com/topic/4372006-rental-consideration/#post-4460699 Mon, 22 Mar 2004 09:07:41 +0000 Coming from NAB, any loan that the Personal Banker/Personal Banking Representative/Private Banker can not approve themselves under their DCA.

Anything ‘referred’ by Siebel, or higher than their authority, is forwarded to the next level, usually LSU in Seven Hills.

They can approve anything that is reasonable – especially for staff – as long as…[Read more]

]]> fed96f969655192834dc333e9ac57387 FYI replied to the topic Principle & interest OR Interest Only in the forum Finance https://www.propertyinvesting.com/topic/4372210-principle-interest-or-interest-only-2/#post-4462347 Mon, 22 Mar 2004 08:56:55 +0000 Simons question is the key.

It is nice to get a tax break by structuring investment debt as an interest only, buyt if it is yoru only debt, why not pay it off?

You can always re-gear into another investment if you get worried about your tax debt. Plus you are not solely relying on capital growth to make a profit. At the end of the day we are…[Read more]

]]> 3ab2ca428210992f3fbd3def07ad77f1 FYI replied to the topic Where to now? in the forum Finance https://www.propertyinvesting.com/topic/4372214-where-to-now/#post-4462377 Mon, 22 Mar 2004 08:53:26 +0000 Hi Bomber,

Can we assume that you already have your investment debts structured as interest only considering you also have a non deductable debt?

If not, start here![wink]

matt@fyimi.com.au

]]> 22382ccf43665ff24744d48c7c51139b FYI replied to the topic rental consideration in the forum Finance https://www.propertyinvesting.com/topic/4372006-rental-consideration/#post-4460697 Fri, 19 Mar 2004 04:27:22 +0000 YoungInvestor,

Don’t you work for the NAB?

The other two people who quoted the percentages for you are 100% correct.

Sometimes NAB DO look at the whole rent, depends on who your personal banker there is, and whether it needs to be referred to a higher authority.

Cheers

matt@fyimi.com.au

]]> 279b0332d52923e29fa896473f24a817 FYI replied to the topic Funding Self Sufficiency in the forum Finance https://www.propertyinvesting.com/topic/4372090-funding-self-sufficiency/#post-4461238 Fri, 19 Mar 2004 04:23:30 +0000 Definately a combination of the above.

Basically, you would need to be able to stand alone as a self employed investor, and the income that the company makes would need to be able to service the loan.
UNLESS the LVR allows you to structure your debts as ‘lodoc’.
History, professionalism, approach etc – do not hurt your applications chances, but…[Read more]

]]> de20d647e1a35dd21fed3266d88dd7eb FYI replied to the topic Finance for development company. in the forum Finance https://www.propertyinvesting.com/topic/4372127-finance-for-development-company/#post-4461619 Fri, 19 Mar 2004 04:06:55 +0000 Hi Wrappack,
Unless you take out a construction loan you may have problems with the raising of capital. Initially the security you will have to offer a bank is a block of land only. As a commercial loan, you only be able to borrow between 60-70% (depending on bank) of the purchase price UNLESS you have another security. This means you would…[Read more]

]]> 2f4af142eba17b80ca8080041c9e1b28 FYI replied to the topic st george lo doc in the forum Finance https://www.propertyinvesting.com/topic/4371766-st-george-lo-doc/#post-4458723 Fri, 05 Mar 2004 06:04:22 +0000 ANZ offer the best range of products under ‘lo doc’, however LVR must be below 60% and loan amount must be less than $450,000 to qualify.

St George only offer about 5 products under lo doc….

matt@fyimi.com.au

]]> a11310e8fc8bcdf49765ecde41cc872e FYI replied to the topic Here's another "What would you have done?" in the forum No Subject https://www.propertyinvesting.com/topic/4370743-heres-another-what-would-you-have-done/page/2/#post-4450568 Thu, 04 Mar 2004 07:58:13 +0000 Originally posted by ActToday:
Theoretically Agent’s should not disclose personal information but we know how stupid so many of them are don’t we. I once had a Commerical Agent try to sell me a private house. He had acted for the vendor in a commercial deal and was given the house to sell by a happy client. As the house was untidy, the…[Read more]

]]> f63820a3f2f2620601da0713285214c5 FYI replied to the topic Commercial property investing in the forum No Subject https://www.propertyinvesting.com/topic/4371706-commercial-property-investing-2/#post-4458182 Thu, 04 Mar 2004 07:48:18 +0000 Probably the cheapest way to finance a commercial property is by not taking it as security, but instead using current equity on properties by taking out a loan for ‘investment purposes’ at residential rates.

Your strategy does not sound like this will ever be possible – I’m sure someone can give you advice regarding the other types of…[Read more]

]]> cbbd454bd01a6588ada616c5d1b66f7a FYI replied to the topic Redraw versus Re-Finance in the forum No Subject https://www.propertyinvesting.com/topic/4371693-redraw-versus-re-finance/#post-4458092 Thu, 04 Mar 2004 03:41:58 +0000 James,

Normally, a redraw will only attract a fee for processing. As you can only draw out the amount you are ahead on your loan (which will roughly equate to any extra payments above the minimum you have made + interest doing this has saved) no mortgage stamp duty is payable as you have already paid it.

Some loans (usually those within…[Read more]

]]> 52e7d06ff6b88507889c4ca0cad6b900 FYI replied to the topic best way to finance ? in the forum Finance https://www.propertyinvesting.com/topic/4371620-best-way-to-finance/#post-4457476 Wed, 03 Mar 2004 05:23:51 +0000 Mel,

This is true – but no matter which property you use, the amount of equity available is still going to be the same.

Having an unencumbered property would open the door for a possible investment based ‘lodoc’ loan in the future for example. (yes?)

Matt

matt@fyimi.com.au

]]> f6effda7729a190aa64989e9927a3bd5 FYI replied to the topic best way to finance ? in the forum Finance https://www.propertyinvesting.com/topic/4371620-best-way-to-finance/#post-4457474 Tue, 02 Mar 2004 06:50:36 +0000 True – Sorry, Wouldn’t you prefer to have an unencumbered property if possible though?

matt@fyimi.com.au

]]> 8a47a7dc17ee3a9e0bc56f905701cba3 FYI replied to the topic Rich is evil, poor is virtuous. in the forum Opinionated! https://www.propertyinvesting.com/topic/4371597-rich-is-evil-poor-is-virtuous/page/2/#post-4457333 Tue, 02 Mar 2004 06:44:36 +0000 Ahhhh money.

There is much talk of money here – why do you have to have money to be rich?

matt@fyimi.com.au

]]> 7f60fb9b36e02f26783c19fe82a4fecc FYI replied to the topic best way to finance ? in the forum Finance https://www.propertyinvesting.com/topic/4371620-best-way-to-finance/#post-4457472 Tue, 02 Mar 2004 06:33:43 +0000 I would encourage you to look at your current debt structure. If repayments are easily affordable, and you have no personal debt on your home, borrowing 100% may be better for you tax-wise. You should ask your accountant as well.

[:)]

matt@fyimi.com.au

]]> 2cfa3099ced15594981daf3e37d9abf1 FYI replied to the topic Partnerships in the forum Finance https://www.propertyinvesting.com/topic/4371627-partnerships-2/#post-4457521 Tue, 02 Mar 2004 06:29:29 +0000 Further to Simon’s comments, you can imagine the potential problems if one of the parties gets into some sort of financial difficulty and ‘wants out’.

All parties to the loan also reduce their own individual borrowing capacities.

Matt Anderson

matt@fyimi.com.au

]]> cb430d9cb5be1ec5a58d5178734091c4 FYI replied to the topic commercial property financing in the forum Finance https://www.propertyinvesting.com/topic/4371617-commercial-property-financing/#post-4457465 Tue, 02 Mar 2004 06:26:24 +0000 Indeed. I know of one at 8.3 – 9.45% priced on risk.
Max LVR 65%
[:)]

matt@fyimi.com.au

]]> a0b854d56ae0d89d75cdfc47c180f155 FYI replied to the topic IO loans in the forum Finance https://www.propertyinvesting.com/topic/4371626-io-loans-2/#post-4457518 Tue, 02 Mar 2004 06:22:57 +0000 Steve,

You know, in reality there are interest only facilities you can obtain where if your account conduct is fine, the facilities will be renewed every year.

[:)]

matt@fyimi.com.au

]]> 5de399174d951ddddcab731c613675e3 FYI replied to the topic servicability rates in the forum Finance https://www.propertyinvesting.com/topic/4371578-servicability-rates/#post-4457160 Tue, 02 Mar 2004 06:18:49 +0000 As Terry has eluded to, some banks will not just run your income through a formula but actually have a good look at your situation and what you can afford.

There is not much room to move with owner occupied property – but you should get some leniency with investment.

Matt Anderson

matt@fyimi.com.au

]]> 3fbe2bf519c56167f87481eaede9b298 FYI replied to the topic Reading the daily predictions in the forum Finance https://www.propertyinvesting.com/topic/4371646-reading-the-daily-predictions/#post-4457680 Tue, 02 Mar 2004 06:11:02 +0000 G’day Alf,

I wouldn’t necessarily take banks fixed rates as ‘predicitons’ or use these in any way to try and predict where rates are going.

NAB, as well others, have for a while now been promoting a 3 year fixed rate that is lower than the two, and sometimes a 5 year fixed rate that is lower than the 4 year fixed rate for example. Banks use the…[Read more]

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