Hi there

I would get a second opinion from another lawyer. If you're in Sydney, Terry W from this forum would be a good start.

Cheers

Jamie

No not at all – doesn't seem like rate is the important factor here – it's more about actually getting the loan approved by the sound of things. AMP is competitive nevertheless.

Cheers

Jamie

A 6 month fixed rate is more a headline grabber than anything else. 

Cheers

Jamie

AMP are fine – I use them quite a bit. They are a good option when servicing is tight. Their cashout policy and no credit scoring are also handy niches.

Cheers

Jamie

Thanks for the wrap Nathan

I know it's mentioned every day but location really isn't an issue with most of these service type professions.

Jamie

Email and phone is all you need these days. Providing you're comfortable with these modes of communication than you can choose professionals from anywhere in the country.

Cheers

Jamie

Do you need face to face contact or are you happy to deal remotely?

If face to face, where are you located?

Cheers

Jamie

Westpac reduced 1 and 2 year fixed rates yesterday as well as their variable.

Agree with Tom though – they don't move in the same way as variable.

Cheers

Jamie

Hi Kade

You don't need to be restricted to professionals in your area – if you're comfortable in dealing via email/phone then you can use anyone from anywhere. 

Get your partner to grab a copy of her credit file so she can check if the default's been removed before you start applying for any finance.

Cheers

Jamie

Hi Kade

Welcome aboard.

You've got a plan – now you just need to break it down into achievable milestones.

Work out how much passive income you need to reach your goal of replacing your PAYG income.

From there, you can work what sort of portfolio you'll need in order to reach that level of income.

Your salaries put you in a fantastic position…[Read more]

Higher rate and some restrictive policies – one that comes to mind with Adelaide is cashouts at high LVRs are a nightmare…and I don't think they're even possible above 85%

Cheers

Jamie

Some lenders are already passing on the full cut – NAB, ING and BoQ so far http://www.theadviser.com.au/breaking-news/28904-first-lenders-move-on-rates

Cheers

Jamie

Hi die hard

Sounds like it was a frustrating experience – what issues did you confront?

Do you have another PM lined up? If not – you might be able to get some recommendations for a new one on this forum. Just start a new thread with it in the subject heading.

Cheers

Jamie

A lot of brokers provide their clients with property reports that contain this sort of info.

Cheers

Jamie

Hiya xfitzyx

Just to confirm that I'm reading this correctly.

Are you talking out $40k against your current property to cover the deposit/costs on a $500k purchase?

If so – I doubt that's going to be enough to cover the deposit/costs unless there's some hefty concessions available to you.

Also look at the LMI costs with increasing the current…[Read more]

Yeah that's quite high. Some lenders are providing cash rebates for refinances too.

Cheers

Jamie

I've got FB page for the business.

It's not for lead generation – more so keeping clients/followers up to date with info that they hopefully find relevant.

I think it's effective if used part of a broader campaign – but used alone, it won't add much value to a business.

Cheers

Jamie 

Hi Gafeey

Welcome aboard.

You'll need to speak with a decent IP related accountant and solicitor in regards to your options for buying under different entities – they will present the pros/cons of each given your circumstances.

Cheers

Jamie

No worries.

Just remember that Westpac is only one lender – so can only advise based on their own borrowing capacity calculator and cashout policies. Different lenders have different ways of determining your borrowing capacity – and there's quite a few that are better than Westpac in this regard.

Cheers

Jamie

Hi and welcome aboard.

Kudos for thinking outside the square.

How much do you expect the investor to contribute and what do they get back in return?

Cheers

Jamie