PropertyInvesting.com | Lady Luck | Activity

Lady Luck replied to the topic Give me my LMI back? in the forum Legal & Accounting

Mon, 28 Jul 2008 04:12:01 +0000

Hi Ian, From what i know if you refinance within 12 months and go through the same mortgage insurer then you are entitled to a portion of your LMI back (The percentage you get back goes down with time) I havent heard of anyone doing it just because a new val indicated a higher value, but since you are at 11months, ask your lender, if that doesnt…[Read more]

Lady Luck replied to the topic Re-financing in the forum Finance

Mon, 28 Jul 2008 03:28:29 +0000

Thanks Tim, I also checked out the ING product spec for REF not bad. Have a great day!

Lady Luck replied to the topic Re-financing in the forum Finance

Fri, 25 Jul 2008 05:35:31 +0000

Hi Tim, Quick question, do you know of any self insured funders that do not have an LMI equivalent fee, basically one that will lend above 80% without any fees to do so?Many Thanks.

Lady Luck replied to the topic GE and other "cheap" lenders in the forum Hi Rudiga, My problem with

Fri, 25 Jul 2008 05:29:46 +0000

Hi Rudiga, My problem with GE is not pre-settlement, nor is it related to its products, my problem is what happens after your loan has settled. And i can only assume that this is wh brokers try and steer you away, they wouldnt want you to blame them for the service you receive from the Lender. Asic has also had dealing with GE recently, check out…[Read more]

Lady Luck replied to the topic First purchase in the forum Help Needed!

Thu, 24 Jul 2008 14:04:48 +0000

Hi Azalia, A few years ago I was considering buying a property in Gunnedah, well this was all pre-Miranda Kerr and so i had no idea about the place and neither did those around me. One good resource for me was contacting council, they have very diverse information that they can send on the area, and the best thing is you can be upfront about the…[Read more]

Lady Luck replied to the topic Re-financing in the forum Finance

Thu, 24 Jul 2008 13:52:15 +0000

Hi Fuel80Considering that the new place would be your second property ontop of the natural legal fees and bank fees (however tiny those may be if procured by the brokers above) your stamp duty alone would be close to $13000 so if your broker is telling you that you will need to pay LMI i dont think its because he has little or no knowledge it…[Read more]

Lady Luck replied to the topic Wizard home loans in the forum Finance

Thu, 24 Jul 2008 13:27:13 +0000

Hello Bigmark. Its true Wizard dont have an offset loan they have a homeloan with a mastercard attached (thats got some MASSIVE fees once you actually use it) and unfortunately its not true that they are separate from GE. They are actually not managed by AFIG, AFIG was bought by GE just as WIZARD was and the GE MONEY customer service line is the…[Read more]

Lady Luck replied to the topic Can't get LMI for loan on high density property purchase in the forum Finance

Thu, 24 Jul 2008 13:19:47 +0000

Hi Smain, Personally i love bankwest, but if you cant go through the banks try Widebay they have no problem with high density loans. Good Luck

Lady Luck replied to the topic Do you have to pay market value for a property gifted to you (in victoria) in the forum Finance

Thu, 24 Jul 2008 13:10:11 +0000

Hi DanielI cant comment on the advantages or disadvantages im sure that both yourself and your wife have thought that through. In terms of legality she can transfer the property to your name for the consideration price of $1.00 irrespective of what the value is. Make sure you involve a solicitor though before you go any further. All the best.