PropertyInvesting.com | Gary78 | Activity https://www.propertyinvesting.com/members/gary78/activity/ Activity feed for Gary78. Mon, 06 Apr 2026 10:51:27 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 6a9c8e27206662ec7ef48f3d002f3fb1 Gary78 replied to the topic Is there a better deal out there? in the forum Banker wrote:How much is the https://www.propertyinvesting.com/topic/4399260-is-there-a-better-deal-out-there/page/3/#post-4620298 Thu, 03 Jun 2010 07:31:20 +0000 Banker wrote:
How much is the security worth and how much do you want to borrow?

Property purchased for $540k.  Deposit of $220k.  Loan of $350k to cover all stamp duty and related costs. 

]]> b7c6fb1c7ba4f8f414c298454eefe313 Gary78 replied to the topic Is there a better deal out there? in the forum Finance https://www.propertyinvesting.com/topic/4399260-is-there-a-better-deal-out-there/page/2/#post-4620297 Thu, 03 Jun 2010 07:30:10 +0000 Terryw wrote:
Just ask all those who took out loans with RAMS or GE. I think they assumed something similar.

Am I wrong in believing the reason they are currently in a bad position is that the exit fees on those loans are outlandishly expensive? Won't this scenario be removed with the legislation being brought in on July 1?  I'm trying to read…[Read more]

]]> c37978313be490644b110a36f428f84b Gary78 replied to the topic Is there a better deal out there? in the forum Banker wrote:Gary78, I see https://www.propertyinvesting.com/topic/4399260-is-there-a-better-deal-out-there/page/2/#post-4620296 Thu, 03 Jun 2010 07:28:23 +0000 Banker wrote:
Gary78, I see where you are coming from. Is the loan for invesment e.g. interest only? Let's run some calcs at 5 years int only, noting most people refinance or restructure to buy more property. If you go 5 yrs IO and include all establishment, Val and exit fees it will be a more realistic comparrison. Banker

Banker,This is my…[Read more]

]]> a80e484b50dcf984ee9c8016f3aeeaa6 Gary78 replied to the topic Is there a better deal out there? in the forum Terryw wrote:It could be a https://www.propertyinvesting.com/topic/4399260-is-there-a-better-deal-out-there/page/2/#post-4620294 Thu, 03 Jun 2010 07:23:43 +0000 Terryw wrote:
It could be a significant savings, but you are assuming:- rates remain the same- your loan runs full termWhat if you:- want an offset account- want an increase- want to fix down the track- exit after x years- refinance after x years because they cannot lend you any more

I assume (rightly or wrongly) that the only way State…[Read more]

]]> 4eef32e5bf32fe256c08985e9a760d17 Gary78 replied to the topic Is there a better deal out there? in the forum Finance https://www.propertyinvesting.com/topic/4399260-is-there-a-better-deal-out-there/page/2/#post-4620290 Thu, 03 Jun 2010 05:41:55 +0000 So the fact that they recieve their funds via Advantedge which is a NAB owned business doesn't ensure any further security?   I understand the fees involved in changing lenders within the first 5 years with State Custodians however I believe that the legislation being brought in on July 1 will reduce this exposure.For me it comes down to a $ v…[Read more]

]]> 87175dbf70b330182fa70aa2e7e40b25 Gary78 replied to the topic Is there a better deal out there? in the forum Banker wrote:For those who https://www.propertyinvesting.com/topic/4399260-is-there-a-better-deal-out-there/page/2/#post-4620284 Tue, 01 Jun 2010 22:50:02 +0000 Banker wrote:
For those who don't know the structure of a mortgage manager: A mortgage broker can go to a lender like advantage, firstmac, GE etc and sign a mortgage management agreement. These are often referred to as white label loans. The funds come from the lender on a wholesale basis. When the lender sends statements they go out on the…[Read more]

]]> ea28aaa48f261ffa5699e411dd544f05 Gary78 replied to the topic Is there a better deal out there? in the forum Finance https://www.propertyinvesting.com/topic/4399260-is-there-a-better-deal-out-there/page/2/#post-4620278 Sun, 30 May 2010 10:07:52 +0000 Bazikki wrote:
Hi Gary, just wondered how you got on with your mortgage search and who you decided to go with in the end?We're in a similar position to you…looking to leave Westpac…after the best interest rate possible…and also considering Pacific Mortgage Group given our frustration with the big 4 banks.Just trying to get more info as to…[Read more]

]]> 850e7fdc33fbc8d2677a96c7ca89ec6d Gary78 replied to the topic Is there a better deal out there? in the forum Finance https://www.propertyinvesting.com/topic/4399260-is-there-a-better-deal-out-there/#post-4620273 Mon, 05 Apr 2010 23:06:54 +0000 I found out through a bit more research that State Custodians get their funding via Challange Mortgages who recently were bought out by NAB and renamed to AdvantEdge.  $120bn Loan Book according to the online info.  Sounds pretty stable to me.

]]> 8ea85e7cb14a30048052eef7cb80bcee Gary78 replied to the topic Is there a better deal out there? in the forum Finance https://www.propertyinvesting.com/topic/4399260-is-there-a-better-deal-out-there/#post-4620269 Fri, 26 Mar 2010 00:10:29 +0000 Cheers Ryan for the reply.  I've got a mortage broker coming around on Tuesday evening and i'll see what he can offer.

]]> ed834bf6567d433b14facc7f089099e6 Gary78 replied to the topic Is there a better deal out there? in the forum Finance https://www.propertyinvesting.com/topic/4399260-is-there-a-better-deal-out-there/#post-4620266 Thu, 25 Mar 2010 03:46:37 +0000 Richard – Thanks for your reply.  Although I know this is a property investment forum, this home loan will not be for an investment, but will be my primary residence.  My search for any forum discussing home loan options hasn't come up with any other alternatives so I posted here.As a 4th Tier lender, aren't they sourcing their finance from the sa…[Read more]

]]> 78055ee499a4973a7daf2130fe8c4df0 Gary78 replied to the topic Is there a better deal out there? in the forum Finance https://www.propertyinvesting.com/topic/4399260-is-there-a-better-deal-out-there/#post-4620264 Thu, 25 Mar 2010 02:26:47 +0000 god_of_money – you state that NAB/CBA offer true offset acount where as PMG does not.  If I deposit my salary into the mortgage account with PMG and whilst it is in there, it acts as an offset against interest charged, isn't that the same thing as having it in a separate account and being offset? Am I missing how the calculations are done?  In r…[Read more]

]]> 3aae3dce7a2b90ea73c152a3f6cc88f9 Gary78 replied to the topic Is there a better deal out there? in the forum Finance https://www.propertyinvesting.com/topic/4399260-is-there-a-better-deal-out-there/#post-4620261 Wed, 24 Mar 2010 08:56:00 +0000 Banker – I've looked at the exit fees for both.  Pacific Mortgage Group advised their exit fee is 1 months payment (approx $2200) and State Custodians is a sliding fee (1% of loan in first 3 years, 0.8% of loan in 4th year, and 0.6% in the 5th year).  In saying that, I am a little concerned about what happened with GE Money and RAMs and how any s…[Read more]

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