PropertyInvesting.com | Lizzy | Activity https://www.propertyinvesting.com/members/lizzy/activity/ Activity feed for Lizzy. Sun, 12 Apr 2026 22:24:50 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 d366c757078c9d9b54309992d3586bc9 Lizzy replied to the topic Still puzzling me -- offer declined due to clauses? in the forum Help Needed! https://www.propertyinvesting.com/topic/4390088-still-puzzling-me-offer-declined-due-to-clauses/#post-4570028 Fri, 06 Jul 2007 05:22:17 +0000 When I know the banks are busy or the clients are interestate I ask for 21 days. It's possible sometimes in a week but that is rare. I work with all parties to make sure they're happy and a happy medium can be found. Yes, if ONLY my clients all got pre-approvals, but they don't, they come screaming in with a signed contract from 3 days ago – and…[Read more]

]]> b0ba38253fddf7fc1513561bd517d046 Lizzy replied to the topic Becoming A Broker? in the forum Finance https://www.propertyinvesting.com/topic/4389649-becoming-a-broker/#post-4567795 Thu, 24 May 2007 12:04:56 +0000 And you do you have any lending experience?  I get a lot of clients go to Aussie and then come to be saying they are atrocious, so if you go there make sure you get some decent training. Find a broker you respect and learn from them on commission only. For someone who has been a broker for 5 years your biggest step up is to learn from someone who…[Read more]

]]> c6942ca89f9f4b665281891941c0a397 Lizzy replied to the topic Bank bungle causing a headache in the forum Finance https://www.propertyinvesting.com/topic/4389690-bank-bungle-causing-a-headache/#post-4567934 Thu, 24 May 2007 11:26:45 +0000 Argh – what a load of <a href="mailto:cr@p“>cr@p! I wish banks would stop cross collatorizing securities it causes so much trouble. Anyway it's their fault, they should know better, the first thing I look at is the contract of sale to see when settlement is. It would stand out like a sore thumb if two contracts settle on different dates.Tell them…[Read more]

]]> 5d78b6006a4aa76e8f2d81efe4ce5af0 Lizzy replied to the topic X Collateralising in the forum No Subject https://www.propertyinvesting.com/topic/4388905-x-collateralising/#post-4564319 Fri, 23 Mar 2007 13:38:18 +0000 I think everybody is agreed DON’T CROSS!

Just tell the MB you want a seperate loan to against property 1 (which has the equity) and take out the remainder on the rest. If he/she is any good they will work out the best LVR’s to do this at to lower the LMI.

Which is YET ANOTHER reason not to cross, the mortgage insurance premiums are much lower,…[Read more]

]]> 18fb127e1d95de324b4e076fad4cba3f Lizzy replied to the topic HDT LOAN Q (No-Doc) in the forum Finance https://www.propertyinvesting.com/topic/4388954-hdt-loan-q-no-doc/#post-4564566 Fri, 23 Mar 2007 13:31:49 +0000 Macquarie Saver Special 7.73% – NO LMI and only need to have had ABN for one day. Check PMI for acceptable locations.

]]> 9b85f228c0643d699da6e8f996ce2251 Lizzy replied to the topic Brokers pick ur brain? NO DOC NO ABN in the forum Finance https://www.propertyinvesting.com/topic/4388849-brokers-pick-ur-brain-no-doc-no-abn/#post-4564094 Tue, 13 Mar 2007 13:40:11 +0000 Thanks guys! Found my solution at Macquarie (I hope) – have had problems with postcode acceptability but x’ed fingers and the deal will fly for the client.

Failing that will try FirstMac, used them years ago but couldn’t for the life of me remember their name as they are not with my new aggregator…

Those solutions are great to have handy…[Read more]

]]> 738fc9d909aa0e8c27b0c8ef95eae488 Lizzy replied to the topic EFM-equity finance mortgage? in the forum No Subject https://www.propertyinvesting.com/topic/4388836-efm-equity-finance-mortgage/#post-4564048 Mon, 12 Mar 2007 15:38:45 +0000 Well it’s not a bad product. You could argue the pro’s and con’s of this product versus the popuar 100% home loan extensively – but overall anything that offers more choice to a consumer is a good thing, and this seems like an almost fair trade off…

I can’t imagine the target market. If I had no deposit for example, or even 10%, I myself (as a…[Read more]

]]> 26aea3630d74e506f88d276bcd1eb356 Lizzy replied to the topic DERIVEX Director charged by ASIC in the forum Finance https://www.propertyinvesting.com/topic/4388829-derivex-director-charged-by-asic/#post-4563999 Mon, 12 Mar 2007 15:30:35 +0000 I’m not sure I’m following what it is you’re trying to say?

Derivex ‘blamed’? No… Derivex director charged – very different…

For those of you interested in more visit:

http://www.asic.gov.au/fido/fido.nsf/byid/1637FC182FB5C6D6CA257273001BE116?opendocument

]]> d9fc13a4d6af430faf9fcc39cd8f9d66 Lizzy replied to the topic Mortgage product advice please in the forum No Subject https://www.propertyinvesting.com/topic/4388803-mortgage-product-advice-please/#post-4563855 Mon, 12 Mar 2007 06:41:02 +0000 OY! What is bluddy wrong with MAV???

I have such smooth sailing with the Which Bank these days (yes unheard of – but true in a relative sense). I’m regional too and they will do a lo doc any postcode for us which is a saviour for my clients.

Not to mention the low fixed rates they’ve had, including decent rate locking fees. Overall I crunch the…[Read more]

]]> 44e9d744b8534316001726885ab4e4e1 Lizzy replied to the topic mortgage broker needed in the forum Finance https://www.propertyinvesting.com/topic/4387577-mortgage-broker-needed-3/#post-4558252 Tue, 05 Dec 2006 12:19:06 +0000 Pick up the phone and call Simon above. Or Stuary Wemyss. You will do yourself a great service if you do.

Liz

Mortgage Lender
The opinions expressed in this public forum should not be construed as professional advice of any nature.
1300 780 826

]]> ef129265d338e598c089b45ed0f90928 Lizzy replied to the topic Finance for small towns in the forum Finance https://www.propertyinvesting.com/topic/4387172-finance-for-small-towns/#post-4556379 Tue, 24 Oct 2006 14:52:31 +0000 Mark,

For normal residential lending, one of the big four will lend to any postcode in Australia, (provided the security fits their acceptable type) even mortgage insured stuff, and provided you keep it within their ‘delegated underwriting authority’, a good broker can help you with this. Meaning you can borrow up to 95%, 96.5% even with Mortgage…[Read more]

]]> 494fd1a067aeffb6a500ed0feb658f3b Lizzy replied to the topic Reduced line of credit in the forum Finance https://www.propertyinvesting.com/topic/4386238-reduced-line-of-credit/#post-4551921 Sun, 24 Sep 2006 12:40:16 +0000 Yeah tell me about it Josh – enough to give a broker a heart attack. 9 out of 10 errors they send me are incorrect. I could spend about a week explaining the depth and breadth of the F*** ups they’ve made me deal with for the last months deals – it’s driving us ALL nuts –

Some tips to deal with them
1. Use email – instead of logging calls, they…[Read more]

]]> 796e085f877da1e459e337e560205683 Lizzy replied to the topic No Docs: A Potential Problem in the forum No Subject https://www.propertyinvesting.com/topic/4386690-no-docs-a-potential-problem/#post-4554062 Sun, 24 Sep 2006 12:26:16 +0000 You’ve always got to find out what the client plans to do in the next 12 months with a lo doc. With one major bank you can declare an income one year, but the next year’s declaration can be no more then 20% higher.

On an interesting side-note, one of the other big fours tells me with their lo doc there is no ACTUAL FORM to fill in, you just plug…[Read more]

]]> 01d85b43df14844babba4953e850b55e Lizzy replied to the topic Finance needed for Serviced Apartment in the forum Finance https://www.propertyinvesting.com/topic/4386806-finance-needed-for-serviced-apartment/#post-4554755 Sun, 24 Sep 2006 12:20:25 +0000 CBA have told me they do resort apartments to 95% + LMI call them.

Liz

Mortgage Lender
The opinions expressed in this public forum should not be construed as professional advice of any nature.
1300 780 826

]]> 698c18612947c5ac000a3a9aaf5f320a Lizzy replied to the topic solutions to no deposit in the forum No Subject https://www.propertyinvesting.com/topic/4383884-solutions-to-no-deposit/page/2/#post-4539129 Fri, 27 Jan 2006 05:54:32 +0000 Hi Mitchy,

Don’t be so hard on yourself! The fact that you are planning ahead, researching, writing on this forum… means that you are WELL ahead of most people.

Give yourself a little time and a bit of practice and you will know how it all works and it will seem a lot less daunting then.

I think people are more afraid to TRY then they are to…[Read more]

]]> ad606a3b12109ed463b4768283a86f6f Lizzy replied to the topic Preapproval for first home buyer in the forum Finance https://www.propertyinvesting.com/topic/4383957-preapproval-for-first-home-buyer/#post-4539559 Mon, 23 Jan 2006 14:26:26 +0000 In most cases the lender will not consider your income if you are on probation. If you can negotiate the contract so that there is no probationary period you may be in with a chance. All the contractors I’ve known going into new roles have been on probation though. Also are you presently working in the IT field in your PAYG job? If you are that is…[Read more]

]]> e61d6c02f1656e0fa9992b28fad6d0e2 Lizzy replied to the topic solutions to no deposit in the forum No Subject https://www.propertyinvesting.com/topic/4383884-solutions-to-no-deposit/page/2/#post-4539126 Mon, 23 Jan 2006 09:01:31 +0000 Quote from Residex newsletter – John Edwards

“As you can see, while all cities are still currently going through the slow period, nonetheless, Sydney has produced three months of positive growth, unlike Melbourne and Brisbane. This is a good sign for the Sydney market, and indicates that a lot of the negative press is just sensationalism. (The…[Read more]

]]> 69a0cb28bb8eb0c6de81bdaa7f14c96b Lizzy replied to the topic solutions to no deposit in the forum No Subject https://www.propertyinvesting.com/topic/4383884-solutions-to-no-deposit/page/2/#post-4539125 Mon, 23 Jan 2006 04:33:47 +0000 HB you have probably made a point here worth noting. Most people are too ignorant to read the terms of use of this website, or too ignorant to realise that this is a public forum of debate about personal opinion, and not a place to find professional advice.

Backing up my earlier statement, LEARN the answers, READ the information, find out the…[Read more]

]]> f0034739c128e7b98bf0d3c5830cf8ac Lizzy replied to the topic solutions to no deposit in the forum Finance https://www.propertyinvesting.com/topic/4383884-solutions-to-no-deposit/page/2/#post-4539124 Mon, 23 Jan 2006 02:45:03 +0000 HB

I find it hard not to take offence at the presumptions you keep making about me.

I never give my clients advice on what they should do or what products they should take over another. I don’t even tell them if they should fix their rates, I just tell them what is available, fiscally what is a cheaper option taking into account factors A B and…[Read more]

]]> 5a09ddf70dce1cdbc0eb5ba9aa8fd385 Lizzy replied to the topic solutions to no deposit in the forum No Subject https://www.propertyinvesting.com/topic/4383884-solutions-to-no-deposit/page/2/#post-4539121 Sun, 22 Jan 2006 11:48:45 +0000 Oh and please don’t spout another set of statistics at me, I see what you are trying to prove but every picture has another facet to explore. The more you try to generalize a topic the less interesting it becomes for those of us who want to intellectualize and add value to the conversation.

My argument is simply that generalizing that one answer…[Read more]

]]> 230be476ed94a74df13e189ac0e03726 Lizzy replied to the topic solutions to no deposit in the forum No Subject https://www.propertyinvesting.com/topic/4383884-solutions-to-no-deposit/page/2/#post-4539120 Sun, 22 Jan 2006 11:43:50 +0000 I’m not talking about large companies, a lot of which have been around for a long time. I’m not talking about the companies that provide for the infrastructure of our economy, and I’m not talking about international companies that operate in Australia.

The inference was that we are talking about individuals going into business. I learnt at…[Read more]

]]> 958f71452681900224f246fca6b1be42 Lizzy replied to the topic solutions to no deposit in the forum No Subject https://www.propertyinvesting.com/topic/4383884-solutions-to-no-deposit/page/2/#post-4539118 Sun, 22 Jan 2006 10:06:55 +0000 HB Well my biggest concern is how do you suppose that in your first scenario Mitchy comes up with 100k for plant and equipment???

Commercial loans require 25% deposit, for a premises… if you propose someone is eligible for a 100k business loan could you please tell me how to acquire such a loan as I have a lot of interested clients? (seriously,…[Read more]

]]> edbb7d42b2a09732276aefe28b5cb1ce Lizzy replied to the topic solutions to no deposit in the forum Finance https://www.propertyinvesting.com/topic/4383884-solutions-to-no-deposit/#post-4539105 Fri, 20 Jan 2006 07:44:02 +0000 My thoughts exactly Mitchy…[wink2]

Liz

Mortgage Lender
1300 780 826

]]> 49cbc3a9b3b44e41379a11367d6430d1 Lizzy replied to the topic solutions to no deposit in the forum Finance https://www.propertyinvesting.com/topic/4383884-solutions-to-no-deposit/#post-4539103 Fri, 20 Jan 2006 05:11:50 +0000 Gee HB – HARSH![angry2]

Ok you have a point, and let me start by saying to Mitchy that in my professional opinion, you are talking about extending your own home LVR to 95%, then buying another investment at 95%, most banks will get a little jumpy about this, unless you can show VERY good servicing ability (income/incomings) you are going to have…[Read more]

]]> ae737dec29aca108a87bbd1fbd13f0d1 Lizzy replied to the topic solutions to no deposit in the forum Finance https://www.propertyinvesting.com/topic/4383884-solutions-to-no-deposit/#post-4539100 Thu, 19 Jan 2006 02:58:28 +0000 There are a lot of new products on the market including 95% investment loans. 100% is available too however it comes at a premium interest rate although it’s usually worth considering if the capital growth will outweight the interest rate right?

Suzie Q a deposit bond will only cover you between exchange and settlement, the deposit still needs to…[Read more]

]]> c490754662057cb720990ed5bc3df4ce Lizzy replied to the topic Tax implications for cross collatorized security? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4383410-tax-implications-for-cross-collatorized-security/#post-4536650 Wed, 14 Dec 2005 13:24:42 +0000 Hi Cabo Wabo (love the name)…

But don’t you find it difficult to generalize this one boss and his actions, to a whole institution? And if so, perhaps you didn’t think that ALL banks put terrible amounts of pressure on personal bankers and lenders and tellers to perform?

I mean I used to work for a big bank, and I understand their hard nosed…[Read more]

]]> a3a82888b6df80e34c515052434d5a53 Lizzy replied to the topic Tax implications for cross collatorized security? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4383410-tax-implications-for-cross-collatorized-security/#post-4536648 Wed, 14 Dec 2005 10:09:32 +0000 L&S,

No, nobody I’ve asked has come up with anything better.

Recurring or mortgage stamp duties??? There is only upstamping to think of. I always warn clients in refinance situations of the full mortgage duty payable, as they are quite often out of pocket until the rebate from OSR comes. I can’t see how Mortgage Duty would leave a mortgage…[Read more]

]]> 049f504d33d93e77a6c377082e1eb681 Lizzy replied to the topic Tax implications for cross collatorized security? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4383410-tax-implications-for-cross-collatorized-security/#post-4536646 Tue, 13 Dec 2005 15:13:08 +0000 As it turns out, he didn’t seem to realise that ALL properties were investment, ALL loans were investment. Why this wasn’t blatantly obvious is beyond me still.

Never mind, the good news is, the customer comes to me, even though they have negotiated the rates with the bank already. Now that was a nice compliment!

Liz

Mortgage Lender
1300 780 826

]]> fd777e88f83bd528b63a40238b11693c Lizzy replied to the topic Tax implications for cross collatorized security? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4383410-tax-implications-for-cross-collatorized-security/#post-4536644 Tue, 13 Dec 2005 12:47:35 +0000 Well I have reverted to calling the employee lazy
and so have a few others, and that’s all opinion and could easily be considered slander.

Besides, I don’t want to inflict negative connotations on an institution, which has thousands of representatives, not just the one that seems to have created the confusion. I’m certain that a more competent…[Read more]

]]> a0b4c2bf26a09ee87e5926a64b69d7d1 Lizzy replied to the topic Tax implications for cross collatorized security? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4383410-tax-implications-for-cross-collatorized-security/#post-4536642 Sat, 10 Dec 2005 14:17:30 +0000 Tell me about it… I used to work in one. The morale is all time low, the turnover is high, tellers NEVER balance (and people say they prefer humans to ATM’s!!!) and nobody knows anything!!!

Don’t get me started on why I became a broker… in a nutshell, can’t stand the banks and their antiquated ways…

Liz

Mortgage Lender
1300 780 826

]]> d73cc7d1bcb97485bad52f92bee912ef Lizzy replied to the topic Tax implications for cross collatorized security? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4383410-tax-implications-for-cross-collatorized-security/#post-4536640 Sat, 03 Dec 2005 15:48:20 +0000 Well it was a lending advisor at one of the major banks branches but I’m never too keen to slander anybody in public forum!

I think it was more a personal issue rather then an institutional one. As you’ve all implicated yourselves, my first assumption also, was that he was lazy, but I don’t like jumping to conclusions wihtout second or third…[Read more]

]]> 3aec874809ef3e7a8cdf14a4f8fc9ec3 Lizzy replied to the topic Tax implications for cross collatorized security? in the forum Finance https://www.propertyinvesting.com/topic/4383416-tax-implications-for-cross-collatorized-security-2/#post-4536679 Fri, 02 Dec 2005 13:37:45 +0000 Well now my suspicions are confirmed….

Liz

Mortgage Lender
1300 780 826

]]> daae598e159a0e25715a4d8892a5c2e7 Lizzy replied to the topic Help a fellow broker pls! in the forum Finance https://www.propertyinvesting.com/topic/4383111-help-a-fellow-broker-pls/#post-4534884 Wed, 09 Nov 2005 06:17:50 +0000 Hi Guys,

Thanks so much for your help!

Much appreciated Steve PM received.

This place is so resourceful, I’ll let you know how I get on…

Liz

Mortgage Lender
1300 780 826

]]> 5f9166c499e7c9358d2163e98e3e93f7 Lizzy replied to the topic FIXED INTEREST OPTIONS in the forum No Subject https://www.propertyinvesting.com/topic/4379771-fixed-interest-options/#post-4512774 Tue, 19 Apr 2005 13:49:16 +0000 OK I have the new Heritage rate. 3 years 6.89% very flexible product too…

Liz

Mortgage Lender
1300 780 826

]]> 5815b61a9cb459494429bf43c05a86b8 Lizzy replied to the topic EMPLOYMENT? in the forum Finance https://www.propertyinvesting.com/topic/4379741-employment/#post-4512614 Tue, 19 Apr 2005 12:53:08 +0000 Yeah me too Stu…

Usually all of the ‘creating’ comes from the clients!

How do you propose to cover your own living costs + a mortgage if a bank only considers 75% of rental income?

I think what people are implying is you might need a larger deposit so that you qualify for a ‘lo doc’ product, meaning a self-declaration of an income… which…[Read more]

]]> 635c764f10a6249045a6c226a5f890aa Lizzy replied to the topic The best option in the forum Finance https://www.propertyinvesting.com/topic/4379779-the-best-option/#post-4512860 Tue, 19 Apr 2005 12:47:46 +0000 You don’t really have any equity in the land. Depending on your postcode, and I’m guessing by property price you are rural, you may be able to borrow up to 90% of your current property, so an additional 65k in your home loan, and then get a further construction loan for the land. You would need to access the 65k or thereabouts in your house to…[Read more]

]]> d434aca8765d67dbb687b853d44bb8b7 Lizzy replied to the topic FIXED INTEREST OPTIONS in the forum Finance https://www.propertyinvesting.com/topic/4379771-fixed-interest-options/#post-4512773 Tue, 19 Apr 2005 12:38:48 +0000 Yeah pretty standard stuff, take it out if you want to access it in the next year. Remember break costs are payable in fixed rates if you want to get out of them. It’s no surprise to us brokers the one year rate is lower then a 3 year, as fixed rates are indicative of what the longer term market will be doing.

Heritage building society offer…[Read more]

]]> acd11ef427fe90a35c663953cc5bf4a9 Lizzy replied to the topic Paying out a Default, will it help me? in the forum Finance https://www.propertyinvesting.com/topic/4379764-paying-out-a-default-will-it-help-me/#post-4512752 Tue, 19 Apr 2005 12:30:57 +0000 Hi Damian,

Anything over $1,000 is going to be hard to push through. What LVR are you seeking?

You really don’t have much chance if it is unpaid, however you are saying it does not relate to you. I would be contesting it asap and keeping all documentation, you could provide that to the bank to prove that you are actively trying to pursue it and…[Read more]

]]> fc0e6d3cf64ab1684d10fa2b95ac963d Lizzy replied to the topic L.O.C against unencumbered property in the forum No Subject https://www.propertyinvesting.com/topic/4379746-l-o-c-against-unencumbered-property/#post-4512641 Mon, 18 Apr 2005 05:43:45 +0000 Or alternatively if you do not want to declare an income you could try a NO doc option up to 65% lvr. You just need to have an ABN for at least a day…

Liz

Mortgage Lender
1300 780 826

]]> 6da466bd25f18ef2ff5a74b629b7eb18 Lizzy replied to the topic Bad Credit :( in the forum Finance https://www.propertyinvesting.com/topic/4379724-bad-credit-2/#post-4512514 Mon, 18 Apr 2005 05:39:09 +0000 Mr VIP – how much is the default for and what company is it from? If it’s not that big and you are happy to pay it, it might not be a problem.

Otherwise a place called DR Capital Credit Repair specialize in removing contestable credit defaults. The fee to remove one default is $1,595 but it should be contestable.

Liz

Mortgage Lender
1300 780 826

]]> 79da35a6b4f50799f082e4af4da0986c Lizzy replied to the topic INDEPENDENT LEGAL ADVICE Pls help! in the forum Finance https://www.propertyinvesting.com/topic/4379423-independent-legal-advice-pls-help/#post-4510944 Thu, 31 Mar 2005 08:13:44 +0000 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

]]> d107b4611b33b002d2850965d3efcc96 Lizzy replied to the topic INDEPENDENT LEGAL ADVICE Pls help! in the forum Finance https://www.propertyinvesting.com/topic/4379423-independent-legal-advice-pls-help/#post-4510942 Wed, 30 Mar 2005 23:55:34 +0000 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]

]]> 0f191ea4568e7341c304a24cf8c5f599 Lizzy replied to the topic Melbourne - Where to live in the forum General Property https://www.propertyinvesting.com/topic/4379174-melbourne-where-to-live/#post-4509219 Wed, 16 Mar 2005 10:32:47 +0000 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

]]> 18b7f3f2cb7c615051692dafbf9f45ba Lizzy replied to the topic Finance 4 Building which is 50-50 res/comm in the forum No Subject https://www.propertyinvesting.com/topic/4379163-finance-4-building-which-is-50-50-rescomm/#post-4509172 Tue, 15 Mar 2005 13:32:21 +0000 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]

]]> 6eef151d48844255131cedb19d9d4133 Lizzy replied to the topic burning question - 'priority amount'. in the forum Finance https://www.propertyinvesting.com/topic/4379034-burning-question-priority-amount/#post-4508444 Sun, 06 Mar 2005 14:51:43 +0000 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]

]]> abd9882e8b9c623f09ad7d729bde958f Lizzy replied to the topic Credit Card Helping Home Loan Application? in the forum No Subject https://www.propertyinvesting.com/topic/4378992-credit-card-helping-home-loan-application/#post-4508216 Sun, 06 Mar 2005 01:48:45 +0000 Thank you!

This little snippet comes just at the right time!

Thanks Brahms [cheesy]

Liz

Mortgage Lender
1300 780 826

]]> 472cf00abfd75483a747b990708bcf1b Lizzy replied to the topic Pre-Approval - I'm getting antzy in the forum Finance https://www.propertyinvesting.com/topic/4378503-pre-approval-im-getting-antzy/#post-4505246 Sat, 05 Mar 2005 11:41:30 +0000 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]

]]> ba101b3b5b3150891926bacbaf0051dc Lizzy replied to the topic Credit Card Helping Home Loan Application? in the forum No Subject https://www.propertyinvesting.com/topic/4378992-credit-card-helping-home-loan-application/#post-4508214 Sat, 05 Mar 2005 10:23:03 +0000 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

]]> a6f2089eb5f0ce67f742e0276e21e287 Lizzy replied to the topic Pre-Approval - I'm getting antzy in the forum Finance https://www.propertyinvesting.com/topic/4378503-pre-approval-im-getting-antzy/#post-4505244 Sat, 05 Mar 2005 10:14:03 +0000 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]

]]> 1383f794653279e0c8def7329d24443b Lizzy replied to the topic Pre-Approval - I'm getting antzy in the forum Finance https://www.propertyinvesting.com/topic/4378503-pre-approval-im-getting-antzy/#post-4505243 Sat, 05 Mar 2005 10:09:51 +0000 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]

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