PropertyInvesting.com | Josh-Prestigeloans | Activity https://www.propertyinvesting.com/members/josh-prestigeloans/activity/ Activity feed for Josh-Prestigeloans. Tue, 14 Apr 2026 22:59:17 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 10edef72b37867f88c0dd57c5ce6fb28 Josh-Prestigeloans replied to the topic Urgent Help Needed - Title&Loan in Different Names in the forum Finance https://www.propertyinvesting.com/topic/4386771-urgent-help-needed-titleloan-in-different-names/#post-4554503 Fri, 22 Sep 2006 04:54:03 +0000 Kim,

You will find that Westpac’s DEF will be lower then RAMS. As RAMS usually charges a percentage of the loan amount as a DEF, typical rate at 1.5% within the first 5yrs.

I have researched Westpac quickly and it seems Westpac doesnt charge any DEF on their Low Doc, however, just ring Westpac and clarify what the DEF/penalty will…[Read more]

]]> 659a7474fbefb6f11c9f73ddb1714841 Josh-Prestigeloans replied to the topic No Docs: A Potential Problem in the forum Finance https://www.propertyinvesting.com/topic/4386690-no-docs-a-potential-problem/#post-4554061 Sun, 10 Sep 2006 05:51:18 +0000 RAMS No Doc 80% primarily goes through PRIME. thats another option..

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

]]> 4dd6bc00e97fe8b1bf7cfcade7420e06 Josh-Prestigeloans replied to the topic LO DOC/NO DOC in the forum Finance https://www.propertyinvesting.com/topic/4386699-lo-docno-doc/#post-4554142 Thu, 07 Sep 2006 00:48:09 +0000 Plus they only take a first mortgage over the proposed property.

Regards

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

]]> 343ac3c5fec66b8cc172c97eeaa79eaa Josh-Prestigeloans replied to the topic No Docs: A Potential Problem in the forum Finance https://www.propertyinvesting.com/topic/4386690-no-docs-a-potential-problem/#post-4554059 Thu, 07 Sep 2006 00:46:02 +0000 Oh yea No doc.. :(

Regards

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

]]> 11350fcae6b1afccf3aa15255d98b627 Josh-Prestigeloans replied to the topic LODOC Incomes in the forum Finance https://www.propertyinvesting.com/topic/4386703-lodoc-incomes/#post-4554176 Wed, 06 Sep 2006 15:30:12 +0000 anything you can earn as cash for anything can be used, remember lender doesnt verify this income, so whatever you feel you will earn during the year, you can place. Well, any income that is claimed on a tax return can be used as income. People who earn cash in hand, can place this onto the application, however if the ATO catches you, then you…[Read more]

]]> 28f633dfb59cd6a5e502ae0443b3f877 Josh-Prestigeloans replied to the topic LODOC Incomes in the forum Finance https://www.propertyinvesting.com/topic/4386703-lodoc-incomes/#post-4554175 Wed, 06 Sep 2006 15:18:24 +0000 Hey Bud,

http://www.ato.gov.au/corporate/content.asp?doc=/content/mr2004042.htm

and

http://www.ato.gov.au/corporate/content.asp?doc=/content/76377.htm

Hope this helps. any questions dont hesitate to ask

Regards

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

]]> d52c576011013a00022f202756836343 Josh-Prestigeloans replied to the topic LODOC Incomes in the forum Finance https://www.propertyinvesting.com/topic/4386703-lodoc-incomes/#post-4554173 Wed, 06 Sep 2006 13:53:52 +0000 Over 20,000 have been fined for overstating there incomes in Low Doc Loans check the ATO website for more.

You should know how your business is performing and how much it would earn. So you should know an approx of how much you should be earning for the current Financial year (at the point of application). ATO only looks for higher “substianted”…[Read more]

]]> 9822fe299218324522583212e6e85f3e Josh-Prestigeloans replied to the topic No Docs: A Potential Problem in the forum Finance https://www.propertyinvesting.com/topic/4386690-no-docs-a-potential-problem/#post-4554057 Wed, 06 Sep 2006 13:48:14 +0000 Terryw,

You dishing it to another lender then?

If its a ABN issue, try WBC, remember they dont check ABN’s :).

Regards

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

]]> a5662c3934082d878b1452f83a1c5c8f Josh-Prestigeloans replied to the topic No Docs: A Potential Problem in the forum Finance https://www.propertyinvesting.com/topic/4386690-no-docs-a-potential-problem/#post-4554055 Wed, 06 Sep 2006 06:59:28 +0000 Most probably is the MI policy, about the 12months thing.

As RAMS uses, PRIME PMI and GE, Have you found which MI they went through terry, then go to say macquarie and see if you can push the loan through macquaire without using the MI that RAMS went through. Macquarie uses PMI and GE.

If you went through RAMS No Doc 80 policy, they most…[Read more]

]]> 0bdada1f4365004d313d86b09f18478e Josh-Prestigeloans replied to the topic when to get home revalued? in the forum No Subject https://www.propertyinvesting.com/topic/4386658-when-to-get-home-revalued/#post-4553934 Sat, 02 Sep 2006 15:33:29 +0000 Most Lenders would consider revaluing a house after 6months and we could even get a valuation done earlier then that, if we put up a good case, such as renovations have been completed etc etc.

Heres a Link to the post i made about Equity. Should take a look(post 2nd from the…[Read more]

]]> 9320717e45c48764b3c5af9520a76970 Josh-Prestigeloans replied to the topic when to get home revalued? in the forum Finance https://www.propertyinvesting.com/topic/4386658-when-to-get-home-revalued/#post-4553934 Sat, 02 Sep 2006 15:33:29 +0000 Most Lenders would consider revaluing a house after 6months and we could even get a valuation done earlier then that, if we put up a good case, such as renovations have been completed etc etc.

Heres a Link to the post i made about Equity. Should take a look(post 2nd from the…[Read more]

]]> 351e23cc67298506df7546a5bffdd49f Josh-Prestigeloans replied to the topic Reduced line of credit in the forum Finance https://www.propertyinvesting.com/topic/4386238-reduced-line-of-credit/#post-4551918 Fri, 01 Sep 2006 04:34:37 +0000 The Big C isnt in my good books at the moment, they are asking for documents which is just simply not needed for the loan to proceed. Telling us to re fax applications because they lost the whole damn file! giving us a call 4-5hrs after we logged a call. They are promising us better services and performance but clearly the service isnt there…[Read more]

]]> 089400b1e6504e7acc695d73e7895ced Josh-Prestigeloans replied to the topic Im paying 24% with a hire purchase company! in the forum No Subject https://www.propertyinvesting.com/topic/4386641-im-paying-24-with-a-hire-purchase-company/#post-4553879 Thu, 31 Aug 2006 09:11:06 +0000 We talking about hire purchase or Home Loans?

Depending on the defaults or the bad rating on your Baycorp, some defaults can be dismissed from the lender, such as small telecommunication defaults. Depending on what is wrong with your report, can result in only a handful of lenders we can apply to, on the other hand, if they are small defaults and…[Read more]

]]> 9a5ecff7dfbfd3650b86d22f76eb9a75 Josh-Prestigeloans replied to the topic FHOG and tax benefits in the forum Help Needed! https://www.propertyinvesting.com/topic/4386632-fhog-and-tax-benefits/#post-4553833 Thu, 31 Aug 2006 04:42:53 +0000 yeah the FHBG doesnt really effect the example. Just asking.

Regards

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

]]> aba23c6598b1204839901505eb3ae036 Josh-Prestigeloans replied to the topic What does LEF stand for? in the forum Finance https://www.propertyinvesting.com/topic/4386640-what-does-lef-stand-for/#post-4553877 Thu, 31 Aug 2006 03:57:13 +0000 must be talking about there No Deposit Home Loans. instead of charging LMI they charge a LEF which can be greater then LMI. Thats how it was explained to me.

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

]]> 188de8a9c87aa7b6e88e1f180da24619 Josh-Prestigeloans replied to the topic Mortgage Reduction Plan in the forum Finance https://www.propertyinvesting.com/topic/4386639-mortgage-reduction-plan/#post-4553862 Thu, 31 Aug 2006 03:53:46 +0000 ^^^What richard said

Regards

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

]]> 06d372b9106d615e7b47438123d13e8b Josh-Prestigeloans replied to the topic FHOG and tax benefits in the forum Help Needed! https://www.propertyinvesting.com/topic/4386632-fhog-and-tax-benefits/#post-4553830 Wed, 30 Aug 2006 13:01:28 +0000 To better assist, can you please advise which state you are in?

every FHBG differs from every state.

and also listen to Terry :)

Regards

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

]]> ea6f6f88900c7c319c0f49f420e2a0b8 Josh-Prestigeloans replied to the topic I would If only i had the money(18th) in the forum No Subject https://www.propertyinvesting.com/topic/4386624-i-would-if-only-i-had-the-money18th/#post-4553775 Wed, 30 Aug 2006 09:53:20 +0000 Happy birthday mate. Its fun to turn that magic number.

Turning 19 in october! we shall all have a good time.

Regards

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

]]> 4050dd1c290677d985feaa20294b0b84 Josh-Prestigeloans replied to the topic Gifting? in the forum No Subject https://www.propertyinvesting.com/topic/4386629-gifting/#post-4553825 Wed, 30 Aug 2006 04:40:42 +0000 Gifting could be money giving to you by a parent to put towards the house, winning Lotto :)!, parents gifting you their equity. Something that is not classified as genuine savings.

Genuine savings mean that you save up over a period of 6 months or so, to place a deposit on a house. Usually the lender just wants to know if the deposit hasnt been…[Read more]

]]> ae4cb2cda5f92cb1bbe6bc11019ee738 Josh-Prestigeloans replied to the topic is 81LMI diff to 91LMI?? in the forum No Subject https://www.propertyinvesting.com/topic/4386623-is-81lmi-diff-to-91lmi/#post-4553768 Tue, 29 Aug 2006 14:32:40 +0000 yep. the more the LVR the more they charge in LMI. THe charge of LMI increases nearly every 3 increments in LVR.

80-83 LVR = 0.5% of Loan amount for LMI
84-86 LVR = 0.75% of loan amount for LMI
87-90 LVR = 1%

and so on and so forth. Differs from every lender!

Hope this helps

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers…[Read more]

]]> 3a1e62d07741bdaa53cdf9bac3f9364c Josh-Prestigeloans replied to the topic Deal Killer - Lenders Mortgage Insurance in the forum Finance https://www.propertyinvesting.com/topic/4386620-deal-killer-lenders-mortgage-insurance/#post-4553752 Tue, 29 Aug 2006 13:26:05 +0000 any problems accessing the equity in your current property, one thats at 75%?

Is this a Full Document Loan or a Low Document?

Regards

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

]]> 430d10e25726ce55226bc19d91450f36 Josh-Prestigeloans replied to the topic Deal Killer - Lenders Mortgage Insurance in the forum Finance https://www.propertyinvesting.com/topic/4386620-deal-killer-lenders-mortgage-insurance/#post-4553748 Tue, 29 Aug 2006 12:23:52 +0000 Westpac couldnt do the loan as one of his property is in a country region as stated in the post…cutting it close with time aswell. When LMI is applied, lenders get very strict on where to lend and where the security is situated.

Regards

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

]]> be7359a1ab028e58ece8849a4fbe954c Josh-Prestigeloans replied to the topic Deal Killer - Lenders Mortgage Insurance in the forum Finance https://www.propertyinvesting.com/topic/4386620-deal-killer-lenders-mortgage-insurance/#post-4553745 Tue, 29 Aug 2006 12:00:24 +0000 It doesnt matter if you have over million dollars with one lender, it all comes down to how much you earn and the value of the properties used for security. It is a pain, even if its off by 1% on the LVR, the loan will get declined, and sometimes when purchasing a house, the valuation comes in lower then the purchase price. What we do? We get over…[Read more]

]]> cc6f04a362b52a15cf77d72bcf5d130e Josh-Prestigeloans replied to the topic Let's talk loans in the forum Finance https://www.propertyinvesting.com/topic/4386607-lets-talk-loans/#post-4553689 Mon, 28 Aug 2006 14:56:22 +0000 This should be in the Finance Discussion forum, lucky i saw this :).

um quick run through of the questions.

A)No one can talk you into fixing or not to fix. Its up to what you feel is right, a broker can only give you the definition between the two, but you gotta make the decision.

B) When your not an investor :)

C)Broker, not because i am a broker,…[Read more]

]]> 5282377f99ea2219e61085560cbb4214 Josh-Prestigeloans replied to the topic Borrowing more than 100% LVR in the forum Finance https://www.propertyinvesting.com/topic/4386600-borrowing-more-than-100-lvr/#post-4553645 Mon, 28 Aug 2006 14:24:35 +0000 I usually go through Carrington National for my 105 deals. They both encumber Investments and Owner occupiers. However, they are strict on where they lend, in other words, postcode restricted. Ask your broker to research this option for you.

*EDIT* sorry thought you talking about residential properties. please disregard.

Regards

Joshua…[Read more]

]]> 6850b60c22320eb4127149bd6d30b582 Josh-Prestigeloans replied to the topic Can you still get finance if you have a bad credit in the forum Finance https://www.propertyinvesting.com/topic/4386580-can-you-still-get-finance-if-you-have-a-bad-credit/#post-4553552 Sat, 26 Aug 2006 10:07:01 +0000 Thats why we are here. Contact us at anytime.

Regards

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

]]> 4dc9ac8d1e20e11c92fb78533757177a Josh-Prestigeloans replied to the topic Can you still get finance if you have a bad credit in the forum Finance https://www.propertyinvesting.com/topic/4386580-can-you-still-get-finance-if-you-have-a-bad-credit/#post-4553548 Fri, 25 Aug 2006 13:39:16 +0000 Of course not. Lenders are categorise under two lending categories. Conforming and Non-Conforming.

Conforming are the big banks, such as CBA, WBC, ANZ, St Geogre, Macquarie etc etc

Non-Conforming are lenders that look for applications that the Conforming lenders wont touch. These are Bluestone, Pepper Home Loans etc.

When it comes to bad…[Read more]

]]> f8a16da3d302678115354cfe750a9790 Josh-Prestigeloans replied to the topic Silly Questions in the forum Finance https://www.propertyinvesting.com/topic/4386520-silly-questions/#post-4553232 Wed, 23 Aug 2006 23:45:59 +0000 hit the nail on the head!

Anyway is possible, its up to you to choose the path you want to go down.

MPI = Mortgage Protection Insurance is different to

LMI = Lenders Mortgage Insurance

MPI is protecting your repayments if you fall ill or lose your job or become disabled. This is an insurance that you take out for piece of mind so that any time…[Read more]

]]> 738e1e277cab7808ded6d11c9b505cd1 Josh-Prestigeloans replied to the topic Silly Questions in the forum Finance https://www.propertyinvesting.com/topic/4386520-silly-questions/#post-4553230 Wed, 23 Aug 2006 15:02:26 +0000 **WARNING** This is a long post and i apologise, i hope this answer some questions and it isnt too confusing to understand the jest of what im saying. **WARNING***

Yes the repayments will be higher as the loan amount has increased. Ring your lender to confirm the minimum repayment amount every month.

I think what terryw means is doing an…[Read more]

]]> c17bdb3a6b74baf57712dbcb607a07a9 Josh-Prestigeloans replied to the topic Silly Questions in the forum Finance https://www.propertyinvesting.com/topic/4386520-silly-questions/#post-4553227 Mon, 21 Aug 2006 13:15:22 +0000 two words :)

Cross Collateralisation – This can be good and bad, all depends on your situation and what you want to achieve.

Terryw example doesnt include cross collaterisation, however it is the most perfered method when you want to buy multiple houses, as all loans are securitised by one property rather then many.

Regards

Joshua McEwen
Finance…[Read more]

]]> 75f9c94533fbf816f854b064f1511384 Josh-Prestigeloans replied to the topic Non bank Lenders Good or Bad? in the forum Finance https://www.propertyinvesting.com/topic/4385952-non-bank-lenders-good-or-bad/page/2/#post-4550773 Fri, 18 Aug 2006 06:01:56 +0000 i havent seen the word Power Loan used in so many posts at once…If you sign up on this forum your either wanting help or like to give it. I am here to help people achieve their dreams, buying a house, helping them invest, what ever they need. i wouldnt be on here for any other reasons, i like to put myself in the client’s shoes and to think…[Read more]

]]> 18dfc8cee974759a6442327847565ee1 Josh-Prestigeloans replied to the topic Lo-doc or no-doc in regional areas in the forum Finance https://www.propertyinvesting.com/topic/4386455-lo-doc-or-no-doc-in-regional-areas/#post-4552860 Fri, 18 Aug 2006 01:32:10 +0000 Apologises, was only giving respectable No Doc Lenders [exhappy].

I dont go to La Trobe personally, only consider them for Commerical Lending.

Cheers

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

]]> b4a9650a15ed93cceb50da8ecc7624f8 Josh-Prestigeloans replied to the topic Lo-doc or no-doc in regional areas in the forum No Subject https://www.propertyinvesting.com/topic/4386455-lo-doc-or-no-doc-in-regional-areas/#post-4552858 Thu, 17 Aug 2006 12:29:19 +0000 No one is here to bag anyone. All the people here are friendly and only wish to get to know you more. By telling us where you are from, could raise questions that only a La Trobe employee might know.

Back to the questions.

very hard to find a low doc lender that wil lend with only a short term employment, Westpac does not check ABNs however you…[Read more]

]]> e00705d77fbba0c10ffc489db94a6ade Josh-Prestigeloans replied to the topic When can I refinance? in the forum Finance https://www.propertyinvesting.com/topic/4386268-when-can-i-refinance/#post-4552089 Fri, 28 Jul 2006 13:17:21 +0000 Watch out for Penalty costs for canceling the loan early…usually a percentage of the loan amount…. the biggest cost is usually within the first 12months…

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

]]> de94ff8370279df64cfc504425a91efb Josh-Prestigeloans replied to the topic ATO Audit on Low Doc Loans in the forum No Subject https://www.propertyinvesting.com/topic/4386178-ato-audit-on-low-doc-loans/#post-4551682 Thu, 20 Jul 2006 03:26:41 +0000 Further Update:

Bringing lodgments up to date
Our work to ensure people are meeting their lodgment obligations and bringing their outstanding returns up to date will continue.

For example, we are still working to ensure people who apply for low documentation (‘low doc’) loans are meeting their tax obligations. We have also examined a number…[Read more]

]]> 152bb0482042aaa1f4b20b45d428c93a Josh-Prestigeloans replied to the topic ATO Audit on Low Doc Loans in the forum No Subject https://www.propertyinvesting.com/topic/4386178-ato-audit-on-low-doc-loans/#post-4551681 Wed, 19 Jul 2006 05:24:54 +0000 With No-Doc Products, a statement of position isnt required or in other words, no income, asset, liabilities needs to be declared, they sign a declaration stating the fact that it wont bring upon financial hardship if they go for a No-doc Loan. However, no doc loans needs a fair bit of a deposit..normally 30%.

Joshua McEwen
Finance Broker -…[Read more]

]]> ef2e91ef9c0c4b8bc2a0ae135529ef1c Josh-Prestigeloans replied to the topic Newbie Newbie - Advise on anything - please in the forum No Subject https://www.propertyinvesting.com/topic/4386172-newbie-newbie-advise-on-anything-please/#post-4551670 Tue, 18 Jul 2006 07:41:33 +0000 If you are purchasing the property as a investment property then you are not eligible for the FHOG, this doesnt mean your not able to get the FHOG further down the track, its just that intially you wont be able to apply as you need to owned & occupied the property.

Is there anything in particular that you would like to know, finance wise as i…[Read more]

]]> 819d9167f45a1982892cac919807bb44 Josh-Prestigeloans replied to the topic URGENT LOAN ADVICE NEEDED!!! in the forum Finance https://www.propertyinvesting.com/topic/4386166-urgent-loan-advice-needed/#post-4551660 Tue, 18 Jul 2006 06:23:51 +0000 Yep – For Future Personal Investment.

Basically you cant grab your equity in a Home loan for business purposes, its against the guidelines set out by APRA / RBA.

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

]]> f1a371406e44cb27a95797d1be86a370 Josh-Prestigeloans replied to the topic ATO Audit on Low Doc Loans in the forum No Subject https://www.propertyinvesting.com/topic/4386178-ato-audit-on-low-doc-loans/#post-4551679 Tue, 18 Jul 2006 05:50:51 +0000 Definitly. No docs will become ever more demanding pressuring lenders to become abit flexible.

I have printed off a couple of copies on hand to give to clients who are thinking of fraudulanting figures, i never recommend it or just go no doc!

I always thought tne ATO would caught on soon.

Joshua McEwen
Finance Broker -…[Read more]

]]> 4dc1de51d641886450afe7edd6babb1d Josh-Prestigeloans replied to the topic URGENT LOAN ADVICE NEEDED!!! in the forum Finance https://www.propertyinvesting.com/topic/4386166-urgent-loan-advice-needed/#post-4551657 Tue, 18 Jul 2006 04:03:54 +0000 As Terry said, she would have to go either guarantor or be apart of the finance application itself.

Be careful of the wording of your purpose though. ANZ doesnt like the word business and contribution in one sentence.

See how you go and keep us informed with your progress.

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers…[Read more]

]]> a84bcda7f18cfaa26d4848b378cf62e0 Josh-Prestigeloans replied to the topic Transfer title to another family member? in the forum Help Needed! https://www.propertyinvesting.com/topic/4386078-transfer-title-to-another-family-member/#post-4551257 Wed, 12 Jul 2006 16:25:38 +0000 most lenders work on a 80% Loan to Value ratio, or LVR. If the payout amount is less then 80% of the value of the property, then no LMI is applicable, however this is only applicable to Full Doc Loans.

Depends on if you want to reside in the house or not, remember that FHOG are only applicable to Owner Occupied purchases not investments & must…[Read more]

]]> 1e6991a1e9d42312befa13ef85631494 Josh-Prestigeloans replied to the topic Interest rate!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4386101-interest-rate/#post-4551384 Wed, 12 Jul 2006 11:41:28 +0000 I know of only one lender that will limit the interest rate that is through keystart, think its called the green scheme or something, however, this is only through regulated (owner occupied)loan purchases.

even though this is a IP query, thought it would be good to keep in the back of your mind.

Definitly fixing the rate is what most investors…[Read more]

]]> 47cf82423679117df2719b40124b4207 Josh-Prestigeloans replied to the topic First Homebuyers grant in the forum Help Needed! https://www.propertyinvesting.com/topic/4386105-first-homebuyers-grant/#post-4551390 Wed, 12 Jul 2006 11:35:48 +0000 ugez009,

Guidelines for FHOG is that you occupy the property for 12months however technically 6months is satisfactory. I have been told that the way they check to make sure your residing at the address is through the power bill.

I will not make comment about how to get around the minimum term as you can be fined and incur a jail sentence if you…[Read more]

]]> 6be0bd419b0c6c3f56e4576b423f1fdf Josh-Prestigeloans replied to the topic Transfer title to another family member? in the forum Help Needed! https://www.propertyinvesting.com/topic/4386078-transfer-title-to-another-family-member/#post-4551255 Wed, 12 Jul 2006 11:28:46 +0000 Transfering the Title deed from your fathers name to your name wouldnt be possible as the debt will be securied against a porperty that isnt his. Therefore, if you want to change the title you must change the finance. If your dad is happy to simply pay him out then you just simply borrow the payout amount of his current home loan. Then organise…[Read more]

]]> e25aaba991491589ea283a24fcc1aa87 Josh-Prestigeloans replied to the topic Transfer title to another family member? in the forum Help Needed! https://www.propertyinvesting.com/topic/4386078-transfer-title-to-another-family-member/#post-4551253 Wed, 12 Jul 2006 03:45:55 +0000 Can we just change the title and carry on the loan in me or my brothers name?

You can change the title from your Father’s name to your name this is done at settlement, however it is up to your dad what he wants to do, if he wants you to just payout his mortgage or wants you to pay him out in full….Stamp Duty is applicable on the valuation…[Read more]

]]> 5698b0ae4a43b3f92b377184142066bb Josh-Prestigeloans replied to the topic First Home Buyers Grant in the forum Help Needed! https://www.propertyinvesting.com/topic/4386094-first-home-buyers-grant-7/#post-4551364 Wed, 12 Jul 2006 02:34:12 +0000 The truth is in the detail and your reply reconfirmed that mortgage hunter is correct:

Neither the applicant nor their spouse (or de facto) must have owned and occupied a home after 1 July 2000.
Neither the applicant nor their spouse (or de facto) must have claimed this grant previously

Which means you can own 1000 investment properties and…[Read more]

]]> 2317263d261bbc4daeed951ad9c6f903 Josh-Prestigeloans replied to the topic buying property from spouse in the forum No Subject https://www.propertyinvesting.com/topic/4386058-buying-property-from-spouse/#post-4551183 Sat, 08 Jul 2006 08:28:53 +0000 Danield,

Would it be more feasible just to add your name onto the home loans existing at the moment. its just a Internal Re-finance where we payout her loan then make a new loan for the same amount but just in both names. This way you dont have to come up with $1,050,000 to pay her out and be on the title. You can add your name to both those home…[Read more]

]]> 081adbc8633fcf14efc63bfabf888d27 Josh-Prestigeloans replied to the topic Mortgages in the forum Finance https://www.propertyinvesting.com/topic/4386040-mortgages-5/#post-4551107 Fri, 07 Jul 2006 16:40:13 +0000 No worries, enjoy your trip and we will talk turkey when you arrive in cold/rainy Australia.

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

]]> b1e233919834057fc15779680174d561 Josh-Prestigeloans replied to the topic buying property from spouse in the forum Finance https://www.propertyinvesting.com/topic/4386058-buying-property-from-spouse/#post-4551181 Fri, 07 Jul 2006 15:10:09 +0000 I was abit concerned about the stamp duty payment and investigated abit more, and i found that in WA you are exempt from stamp duty (transfer of land) if you are purchasing a property from your spouse. If your in a de facto relationship you have to be with her for more then 2 years. However, you must be both on the title, you cant go from your…[Read more]

]]> c782e9a61d359b2fe0bd16b0da70e5dd Josh-Prestigeloans replied to the topic buying property from spouse in the forum No Subject https://www.propertyinvesting.com/topic/4386058-buying-property-from-spouse/#post-4551180 Fri, 07 Jul 2006 14:54:58 +0000 First of all. Congrats with the new baby!!! Hope everything turns out well for you all.

Now lets get down to business.

hmmm… Is there any reason why you guys can not consider going jointly in the application for your new home or even for all of them?

Is she receiving any Child Care allowance from Centrelink?

Please be aware that you might…[Read more]

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