MANY many times. I’ve even provided their legal department with the caveat relating to this from the NSW Law Society.

I can only hope the legal adviser is not a complete ignoramous – which so far is the case.

Sad isn’t it

Liz

Mortgage Lender
1300 780 826

The BDM has informed me that their risk department are well aware that nobody in SA will sign the doc. Also the SA Law Society cannot offer anybody either.

They’ve basically made it impossible.

As for NSW I cannot find anyone either, even people the NSW Law Society have suggested won’t do it. Apparently they can only witness a stat…[Read more]

Hi All,

Thanks so much for your ideas it’s so helpful!

Yes I Luuurve chapel street, vegie cafe yum yum yum.

Thanks again,

lizzy

Liz

Mortgage Lender
1300 780 826

Woodsman,

I don’t dabble in commercial much so straight up I would say it is treated commercially at 70% max lvr…

However, I do remember speaking to Bankwest about a commercial property where they were considering financing my client at 80% lvr only so long as the client could service the loan without the commercial rent. This also meant…[Read more]

Hmm you got me thinking! I did a google and got this from a NZ website;

Section 80A(2) of the Property Law Act 1952 permits a mortgage to specify a maximum amount up to which advances made under the mortgage shall rank in priority to any subsequent mortgage. This amount is commonly called the “priority amount” or “priority sum”. By contrast, the…[Read more]

Thank you!

This little snippet comes just at the right time!

Thanks Brahms [cheesy]

Liz

Mortgage Lender
1300 780 826

Read the FRONT PAGE of the FHOGS application found at this link http://www.osr.nsw.gov.au/pls/portal/docs/page/downloads/other/oda012.pdf

Yes I realize it is not black and white but I am trying to dismiss the belief that if I, as a first home buyer, bought an investment today, I could not get the FHOG later, which is untrue, I could.

The rules…[Read more]

Yes, this notion of paying off your credit card as a sign of good credit is a few generations old.

If you are good with credit then you won’t have a credit card is how they look at it now.

Brahms – I’ll be checking this with the ING!

Liz

Mortgage Lender

Oh yeah, in answer to your personal loan question.

Personal loans are a WHOLE different kettle of fish. Lenders use many different methods of ‘credit scoring’ to assess an individuals capacity to repay. Personal loans are unsecured and very different in nature.

I would assume that your ‘friend’ had told the bank he would close down his credit…[Read more]

Spanky,

The only issue for you is your employment, have you been there for long? You must not be on probation if you havn’t. Your income is sufficient to service 125K. The deposit you have seems more then large enough as ANZ only requires 5% of the purchase price – but what is the purchase price? I’m assuming about $146K and is it for owner…[Read more]

St George offers no deposit home loans at fixed rates. You can get a 3 year fixed at 6.95%. You pay a 2.5% Loan Extension Fee (2.5% of the purchase price) it equates to be around what you’d pay in mortgage insurance anyway. High payout penalties to discharge within 3 years. It’s a good product if you can qualify for it.

Stamp duty charges are…[Read more]

Doesn’t OTEN do that too? If not i’m not sure sorry. Let me know if you find a good one!

Liz

Mortgage Lender

NSW course by correspondence through TAFE. Go to http://www.oten.edu.au

I think its about $350, the info is very up-to-date. You’ll have the course finished in a few weeks if you are dedicated! 3 assignments and one exam to sit.

Recommended if you want to know more about what the agents are obliged to tell you etc.

Liz

Mortgage Lender

Thanks guys for all of your input.

Liz

Mortgage Lender

It’s not really the compensation matter she is worried about, as the two most likely routes will be going over the land it will have to bought from her. I dont think there is an option to refuse either!

What we really need to do is get them to choose option b over option c as both cut into her land, with one going 100m from the house, and the…[Read more]

Hi Rob,

She lives in Raleigh, near Urunga, which is near Coffs Harbour… North Coast… NSW…

At least because it runs through her land she will be compensated and not just get to look at it!

Liz

Mortgage Lender

Ciaralin,

There are a few brokers (myself included) on this site who can help you identify a few lenders. However you’re going to have to provide more information AND post it in the finance section.

Try providing all of your incomings, is the 41K Gross and excluding super, what is the expected rental. What liabilities do you have, i.e. rent…[Read more]

This is turning into a love fest! [blush2]

Liz

Mortgage Lender

Simon kicks butt too.

Sometimes I get Steve and Simon muddled up as they are both such good quality… and there names….

etc..

Yes I’m blonde in real life too…

Liz

Mortgage Lender

Blade,

Sounds like you are the perfect candidate for an IP.

My advice is – see a broker not a bank.

Ciao []

Liz

Mortgage Lender