PropertyInvesting.com | Marty McDonald | Activity https://www.propertyinvesting.com/members/marty-mcdonald/activity/ Activity feed for Marty McDonald. Wed, 15 Apr 2026 00:50:25 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 94d89c0f6b5b3571a44c272f709e864a Marty McDonald replied to the topic Wasting Time in the forum Finance https://www.propertyinvesting.com/topic/4991985-wasting-time/#post-4991989 Fri, 20 Jun 2014 03:44:04 +0000 Hi Yule7575,

Yes that’s right. If you know what you want or don’t want it should be fairly easy to choose by having a bit of a chat. The first question I would ask is do they deal with investor a lot (they will all say yes I suppose) but then drill down and ask about whether they recommend putting all business with the same lender and cross…[Read more]

]]> b8e04dd0dad6f4d76af6adb248e45653 Marty McDonald changed their profile picture https://www.propertyinvesting.com/activity/p/294498/ Fri, 20 Jun 2014 03:25:59 +0000 9925ca1380c190e831f545fe3d32b354 Marty McDonald replied to the topic Wasting Time in the forum Finance https://www.propertyinvesting.com/topic/4991985-wasting-time/#post-4991986 Fri, 20 Jun 2014 03:20:27 +0000 It’s a matter of degrees. I’m happy to have a chat to anyone or meet with them and do some preliminary calculations/ scenarios for them but they need to decide after that if we are going to work together. Too much paperwork to muck around with for all parties at that point.

]]> 8c55dfb34271de16795a660955164580 Marty McDonald's profile was updated https://www.propertyinvesting.com/activity/p/293894/ Thu, 12 Jun 2014 08:09:17 +0000 17a7ddbbb7ef44b9956d95f7d1fd14a7 Marty McDonald replied to the topic Expert Advice Needed for Self Employed/Pty Ltd Question in the forum Finance https://www.propertyinvesting.com/topic/4991607-expert-advice-needed-for-self-employedpty-ltd-question/#post-4991681 Thu, 12 Jun 2014 08:06:47 +0000 Hi Dave,

The problem you have is if you want to use company profit then you would need the other shareholder director to guarantee you. Stupid I know but the logic is the bank doesn’t want to rely on income that your business partner could withhold.

Your only shot is to supply interim financials prepared by an accountant for this year supported…[Read more]

]]> e5e9ee7724af3322042d66ef414ff948 Marty McDonald replied to the topic How to untangle a tricky web in the forum Finance https://www.propertyinvesting.com/topic/4409744-how-to-untangle-a-tricky-web/#post-4693464 Mon, 22 Jul 2013 08:47:04 +0000 Jeez, They seem a bit inflexible to me. I would push for the revaluation of the IP immediately so you know where you stand with them. If they wont allow perhaps its worth trying a valuation through their broker channel Homeside which any broker can order upfront. That is on the basis that Nab will accept the Homeside ordered val which I am not…[Read more]

]]> 8a0b9395cb7c8146ebd142604fd2d0d4 Marty McDonald replied to the topic Financing - discretionary trust income in the forum Finance https://www.propertyinvesting.com/topic/4409553-financing-discretionary-trust-income/#post-4692335 Tue, 18 Jun 2013 00:01:14 +0000 I had Nab on a commercial deal want to trust to be a guarantor for this very reason. I think its not required in practicaity ie if the beneficiaries are giving personal guarantees why should the bank care about the trust not distributing the income. At the end of the day they are lending the person the money really not the trust otherwise why…[Read more]

]]> 530fcbddec5af03f3d7b1f4648cf218b Marty McDonald replied to the topic Ways to confirm that your offers have been passed to the vendor? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409518-ways-to-confirm-that-your-offers-have-been-passed-to-the-vendor/#post-4692139 Fri, 14 Jun 2013 02:13:35 +0000 Problem here is every state is different. Jenni in most states you don't cross things out on the contract as part of negotiations, this is only in WA from what I have seen.  You could drop your offer into the vendors property (if they live there) if you think the agent isn't passing on your offer I suppose.

]]> ce2f8a43cfa0175e149ca03cb987dc4a Marty McDonald replied to the topic 1st finance need help in the forum Help Needed! https://www.propertyinvesting.com/topic/4408631-1st-finance-need-help/#post-4685695 Mon, 04 Feb 2013 02:23:06 +0000 JacM wrote:
Sounds like your broker wasn't doing a very good job.  He/she should have checked what was on your credit file and decided which lenders it was possible to approach without your record being a problem.  Sack your broker.  Get Richard (Qlds007), Jamie (Jamie M) or Terry (Terryw) from these forums to take care of you.

Not fair at…[Read more]

]]> d0d06666753f1831fe3d16e71b476d6b Marty McDonald replied to the topic Can I sell my contract of sale to another buyer? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407711-can-i-sell-my-contract-of-sale-to-another-buyer/#post-4678083 Thu, 27 Sep 2012 00:31:10 +0000 It wont be $87 stamp duty for the new purchaser though? Not new once transferred once I would have thought.

Have you tried other lenders?

I would be doing this as well as talking to a solicitor about on-selling.

]]> 43cd40f1a50791e07e65f59aa28c5082 Marty McDonald replied to the topic No Bank loyalty anymore !! in the forum Finance https://www.propertyinvesting.com/topic/4407248-no-bank-loyalty-anymore/#post-4674550 Fri, 27 Jul 2012 10:32:14 +0000 If you are talking from your own personal experience with each lender I dont think that really qualifies you to comment on banks credit policies in general.

CBA conservative? I think most brokers would disagree with you there. They do all sorts of lending that others wouldn’t. Perhaps not great with serviceability so that is perhaps where you are…[Read more]

]]> 00cdac3a76dba5681735022f568d5a06 Marty McDonald replied to the topic No Bank loyalty anymore !! in the forum Finance https://www.propertyinvesting.com/topic/4407248-no-bank-loyalty-anymore/#post-4674548 Fri, 27 Jul 2012 06:37:16 +0000 Pat007 wrote:
Also like alot of times in business you need to remind yourself that a business is made of people, and with a large corporation you may hit a roadblock simply by speaking to someone who is technically correct, but unhelpfull or lacking in knowledge about what they can do for you.Try getting a meeting with a branch manager, if they…[Read more]

]]> 81c50f9739b112e84a44e490c2039f1f Marty McDonald replied to the topic No Bank loyalty anymore !! in the forum Finance https://www.propertyinvesting.com/topic/4407248-no-bank-loyalty-anymore/#post-4674546 Fri, 27 Jul 2012 05:49:02 +0000 Your problem I think is that someone at the bank told you a furphy ie thet they can use the valuation over purchase price to give you instant equity….that is clearly not policy. It has always been policy to take the lower of the two when calcultiing the LVR.Therfore you are going to have to pay lemders mortgage insurance (LMI) or have 20% d…[Read more]

]]> b1c9546a5eaec4e192b0f602e465a1af Marty McDonald replied to the topic Thoughts on which way is the best to go to get a loan in the forum Finance https://www.propertyinvesting.com/topic/4407069-thoughts-on-which-way-is-the-best-to-go-to-get-a-loan/#post-4673336 Tue, 10 Jul 2012 13:08:18 +0000 Keep saving

]]> 9807f7151f7aa4b4fc1f3c65b38f83f9 Marty McDonald replied to the topic Loan for deposit? in the forum Some bad advice in amongst https://www.propertyinvesting.com/topic/4407012-loan-for-deposit/page/2/#post-4672854 Tue, 10 Jul 2012 13:05:01 +0000 Some bad advice in amongst some good..for mine.

Borrowing via a p/l is very rarely a good idea. Crossing to boot. AVOID.

]]> cad7e5dcc65cbc06f741d9dcdd5bf32a Marty McDonald replied to the topic Sole trader - finance in the forum Finance https://www.propertyinvesting.com/topic/4406889-sole-trader-finance/#post-4672076 Tue, 19 Jun 2012 06:43:15 +0000 vucko84 wrote:
1) We discussed that if I lodge Tax11/12 before October 2012 – I will have a lump sum tax payment due in May 2013 ($50k) and go into PAYG instalments for 2012/13 based on this financial year income, correct? 2) If I withhold lodging Tax11/12 until May 2013 – I will have a lump sum tax payment due straight away ($50k)? And then…[Read more]

]]> 6bc476754f65535c8a4ac95cf13e1362 Marty McDonald replied to the topic Best financial option for confused lady in the forum Finance https://www.propertyinvesting.com/topic/4406865-best-financial-option-for-confused-lady/#post-4671881 Tue, 19 Jun 2012 02:16:47 +0000 Hi Tiggie,Firstly sorry for your break up.My advice is your situation is not sustainable long term, therefore you are going to need to acquire an ongoing income even if it is part time or casual work to strat with.  It may also be an opportunity to get out of the house and meet some new people. I would leave everything as is for the moment and tak…[Read more]

]]> 958a1352d9be99985e2b72c8f60e5a8d Marty McDonald replied to the topic How to break a fixed rate exit fees in the forum Finance https://www.propertyinvesting.com/topic/4406707-how-to-break-a-fixed-rate-exit-fees/page/3/#post-4670844 Wed, 13 Jun 2012 12:59:37 +0000 I was wondering how you make a living too.

According to the SMH article you are a self funded retiree at 35. Jealous.

]]> 6d820b17a62169266a5e065675bf6e74 Marty McDonald replied to the topic How to break a fixed rate exit fees in the forum Finance https://www.propertyinvesting.com/topic/4406707-how-to-break-a-fixed-rate-exit-fees/page/3/#post-4670842 Wed, 13 Jun 2012 05:45:37 +0000 The OP would not be complaining if rates had moved in his favour.

]]> f48dcb28007672e2d687da5bfbe2aed2 Marty McDonald replied to the topic How to break a fixed rate exit fees in the forum It would be nice if the ban https://www.propertyinvesting.com/topic/4406707-how-to-break-a-fixed-rate-exit-fees/page/2/#post-4670840 Wed, 13 Jun 2012 04:22:20 +0000 It would be nice if the ban included break costs on fixed rates but the commercial reality is if that happend the fixed rates would have to be higher to allow for this.I also take umbridge to the fact that this is confusing to borrowers. I always make sure clients are FULLY aware that break costs are possible when taking a fixed rate loan. To be s…[Read more]

]]> 0a171002e7c3fbd8c69ec3f2c6bd904c Marty McDonald replied to the topic Developer want to purchase my house in the forum Help Needed! https://www.propertyinvesting.com/topic/4404989-developer-want-to-purchase-my-house/#post-4657593 Mon, 17 Oct 2011 06:35:39 +0000 I would say if you are happy to sell if the price is right i would get in touch with your neighbour and strike an agreement with them first before you do anything legal wise with the developer ie you agree with the neighbour on X amount each and then sell as a job lot for a premium to current market value.As big money is involved do not trust…[Read more]

]]> 0f0035a375efe9222f990ba84ec9d7c7 Marty McDonald replied to the topic Question for Mortgage/Finance Brokers in the forum Finance https://www.propertyinvesting.com/topic/4404485-question-for-mortgagefinance-brokers/#post-4654097 Wed, 24 Aug 2011 07:16:35 +0000 robwilson wrote:
To start up with a mortgage aggregator or try and build up my own panal of lenders ?Major pit falls of the business to watch out for ?Is this a very tough bussiness to get clients in ? what would be the average amount of loans processed per month for a good broker working on his own ?Best lending software to use ?Ideas to start…[Read more]

]]> 3b203a1daddf4c97298af6c67b6f6515 Marty McDonald replied to the topic for brokers - low doc question in the forum Finance https://www.propertyinvesting.com/topic/4404521-for-brokers-low-doc-question/#post-4654409 Wed, 24 Aug 2011 06:53:59 +0000 Sounds a bit fishy and problematic. Why is the guy (your client) happy to forgo $150,000?

]]> ffd06654afb692ae343e7a174e74ea5d Marty McDonald replied to the topic Development Loans in the forum Finance https://www.propertyinvesting.com/topic/4404244-development-loans-2/#post-4651922 Wed, 20 Jul 2011 03:19:17 +0000 Hi,If you are looking for non bank / the loan based on end value type lenders I know a good broker in Brissie. Gavin Baker. 0431 047 035Let him know I sent you.

]]> 7853f44c74068343f643efeb7a1ddc2f Marty McDonald replied to the topic Low doc loans? in the forum Finance https://www.propertyinvesting.com/topic/4404010-low-doc-loans-5/#post-4650317 Fri, 24 Jun 2011 03:51:03 +0000 Richard?

]]> 781d382455894a5b17df95afd2dcd170 Marty McDonald replied to the topic Low doc loans? in the forum Finance https://www.propertyinvesting.com/topic/4404010-low-doc-loans-5/#post-4650316 Wed, 22 Jun 2011 02:28:54 +0000 Qlds007 wrote:
Just had a small development of 6 units approved only yesterday on Lodoc at $1M + so they are still around.

Hey Richard,Care to share which lender?

]]> 10f29f0a8290db9812191b5a3e56fb60 Marty McDonald replied to the topic Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4403520-deposit-9/#post-4647007 Sun, 01 May 2011 08:04:40 +0000 If you have had the funds in your account for a while you could look at a slightly higher lvr loan up to a maximum of 95% that way showing the lender you have the funds required for stamp duty etc. With the price $70k the difference in lmi costs won’t be huge.

]]> c2e84dbef29fcafc23b558a818ac2eea Marty McDonald replied to the topic Australia Post in the forum Finance https://www.propertyinvesting.com/topic/4403281-australia-post/#post-4645399 Mon, 11 Apr 2011 08:53:05 +0000 Hi,I would suggest it would work something like this…but I am not an expert here.60%-70% of freehold value + some lenders may lend an additional say 50% ish of business value based on independent valuation which would normally be say 3 or 4 times annual profit.If you have additiional security such as a home with equity they will want a mortgage…[Read more]

]]> 1c0b681ecc4810c8c03805446e9dce56 Marty McDonald replied to the topic brought 8 units whats the best way to loan for them in the forum - Two or 3 different https://www.propertyinvesting.com/topic/4403243-brought-8-units-whats-the-best-way-to-loan-for-them/#post-4644846 Wed, 06 Apr 2011 10:12:18 +0000 – Two or 3 different lenders. Complicated but doable.
– Finance against other properties if equity available. Good option if possible.
– Do as commercial loan. Ok option but more expensive.
– Widebay building society say they do 8 on one title but I’ve never tested it, rate is a bit high too.

]]> 927dbde9f7d1d5cbcc1f00c29d0fb83b Marty McDonald replied to the topic Can I get a loan ? in the forum Finance https://www.propertyinvesting.com/topic/4403247-can-i-get-a-loan/#post-4644875 Wed, 06 Apr 2011 10:02:32 +0000 85% no mi with ing not possible unless main income earner is 2 years in job I think from memory. Westpac fine. Citibank should also be fine as long as property in good location ie Sydney metro.

]]> 294f84269a288dd3a39dd39f0c24b79e Marty McDonald replied to the topic self employed and having trouble getting loan in the forum Help Needed! https://www.propertyinvesting.com/topic/4403279-self-employed-and-having-trouble-getting-loan/#post-4645387 Wed, 06 Apr 2011 09:48:12 +0000 It may not be impossible. Are you going to contract to one organisation? Will they be your only source if income? If so it may be do-able. I did once recently only 1 month self employed ang got 90% lvr $680k loan approved no issues. It really depends on your contract situation.

]]> 0f130a70b7c1d9e1b97017feb38e4989 Marty McDonald replied to the topic I NEED HELP! Splitting a loan in the forum Finance https://www.propertyinvesting.com/topic/4403190-i-need-help-splitting-a-loan/#post-4644508 Thu, 31 Mar 2011 05:13:44 +0000 I should clarify I meant she would need some equity in the property is you were borrowing 100% + of your half share of the property.

]]> 86238f6218c7fc576ff0bdeef09f3906 Marty McDonald replied to the topic I NEED HELP! Splitting a loan in the forum Finance https://www.propertyinvesting.com/topic/4403190-i-need-help-splitting-a-loan/#post-4644507 Thu, 31 Mar 2011 04:50:38 +0000 Hi,You could purchase 50% of the property from her at current market value and share all ongoing property expenses. Say property is worth $300,000 (based on say the average of 2 independent valuations which would cost around $300 each but worth it for both your sakes) you pay her $150,000. On the loan side of things you would probably be best to…[Read more]

]]> 3288ad053058096d39ff329c6038a526 Marty McDonald replied to the topic Sell first, buy first, coincide settlement dates or what? in the forum Finance https://www.propertyinvesting.com/topic/4403198-sell-first-buy-first-coincide-settlement-dates-or-what/#post-4644560 Thu, 31 Mar 2011 01:48:36 +0000 Hi,I think selling first in a flat market is the most prudent option. Sell with a longish settlement if possible and you might be able to find the right place in that window and avoid a double move.

]]> 06c5cfb5369cb62f6edb27ac48d2f6f9 Marty McDonald replied to the topic Stamp duty Concessions in the forum Hi, Stamp duty is payable on https://www.propertyinvesting.com/topic/4403195-stamp-duty-concessions/#post-4644534 Tue, 29 Mar 2011 23:09:31 +0000 Hi,Stamp duty is payable on value not sale price. If it were just sale price every man and his dog would be selling for less than market value with a cash deal on the side. This is deemed to be tax avoidance and is illegal. Not sure how each state picks up these favourable sales in their data but if yoir friend get caught not only will they ha…[Read more]

]]> aea2e289bf020cdb87098d83d3049380 Marty McDonald replied to the topic Granny flat advice - Canberra in the forum Help Needed! https://www.propertyinvesting.com/topic/4403172-granny-flat-advice-canberra/#post-4644313 Tue, 29 Mar 2011 11:42:10 +0000 I believe granny flats are looked upon kindly by acpla. Contact them to see if allowed on your block first then next step is to get an idea of cost involved in building and if finance is likely available to you.

You want a granny flat with seperate kitchen, bathroom, living room and bedroom(s) to give you maximum finance options. If all seperate…[Read more]

]]> cfb87d93c0a4ee89105e7ecb1b52d0b8 Marty McDonald replied to the topic 95% Non Genuine Savings Home loan Needed. in the forum Help Needed! https://www.propertyinvesting.com/topic/4403161-95-non-genuine-savings-home-loan-needed/#post-4644247 Tue, 29 Mar 2011 11:01:04 +0000 90% no probs with 2 regional bank options, 95% second tier lenders only at this stage although this may change any moment now they way things are loosening up.

]]> 370f490bd79979fc5867eaedc4dac0b4 Marty McDonald replied to the topic LOAN IN NAME OF TRUST NOT PERSONAL NAME in the forum Finance https://www.propertyinvesting.com/topic/4402835-loan-in-name-of-trust-not-personal-name/#post-4642327 Mon, 28 Feb 2011 06:16:57 +0000 Hey,

Q for you Michael. How do you deal with hsbc? I thought they had exited the broker market.

]]> f2d41a212dd9e27a24da5f0f81752cb1 Marty McDonald replied to the topic Corporate Trustee applying for a loan in the forum Finance https://www.propertyinvesting.com/topic/4402902-corporate-trustee-applying-for-a-loan/#post-4642787 Sat, 26 Feb 2011 05:45:28 +0000 Hi,Many lenders require all adult beneficiaries to guarantee the loan anyway so this might fly. Aletrenatively you might put both of you on as directors to start with then remove your wife as director after the loan settles. No doubt the lender would require a personal gaurantee from her anyway so they are covered.

]]> 7d9ba368c52c74c749cd970ff35754cd Marty McDonald replied to the topic Mortgage Brokers verses doing it yourself in the forum Finance https://www.propertyinvesting.com/topic/4402891-mortgage-brokers-verses-doing-it-yourself/#post-4642708 Sat, 26 Feb 2011 05:29:35 +0000 Hi,I don't understand why you feel ripped off if a lender is paying ongoing commissions to a broker. If you are paying the same rate as if you went direct to the lender yourself isn't it irrelevant? It is just the lender spreading the cost of acquiring you as a client over the life of the loan.There are brokers who rebate ongoing commissions b…[Read more]

]]> 866850b5bbe7315489cf28ebe1b1d089 Marty McDonald replied to the topic Property Investment Fund Startup in the forum Help Needed! https://www.propertyinvesting.com/topic/4402808-property-investment-fund-startup/#post-4642090 Wed, 16 Feb 2011 23:04:20 +0000 It may be deemed a managed investment scheme which puts the same compliance burden on you as an unlisted mortgage fund ie you need an ASIC approved prospectus and a financial services license, licensee as responsible manager as well as regular independant audits etc. I suggest it may not be as easy as you think to set up.

]]> 0a1957299467d61ee865b3b23df6b26a Marty McDonald replied to the topic Westpac axes upfront mortgage fee in the forum Finance https://www.propertyinvesting.com/topic/4402800-westpac-axes-upfront-mortgage-fee/#post-4641984 Wed, 16 Feb 2011 21:37:23 +0000 A 0.2% lower rate on an average investors total loan balance is much more than $400. Smoke and mirrors. Competition is heating up though which is great.

]]> e868389b65f3516b916e57a0c278ea83 Marty McDonald replied to the topic Securing Multiple Properties in the forum "Subject to getting a https://www.propertyinvesting.com/topic/4402719-securing-multiple-properties/#post-4641423 Wed, 09 Feb 2011 05:51:45 +0000 "Subject to getting a suitable development approval, in that should I need to, I could deem ANY development approval unsuitable and walk away. It needs to be noted that wouldn't be my intent, just a security blanket"Thats exactly what an option is designed for, so you have an out. I certianly wouldn't sign a contract with that clause  in it.…[Read more]

]]> 725ecb8de17ad3f7bbfa59f69bbe5888 Marty McDonald replied to the topic Newbie looking to Invest in the forum Help Needed! https://www.propertyinvesting.com/topic/4402709-newbie-looking-to-invest/#post-4641317 Mon, 07 Feb 2011 12:06:11 +0000 Wow sounds like a good starting point for your business. You could buy a modest owner occupied home first, take advantage of all the grants and stamp duty concessions. Pay your mortgage off quickly with your business profits and then start accumulating investment properties once you have your owner occupied lvr below 50%. Just an idea.

]]> 901403d45c3908247bd1007704ae0b29 Marty McDonald replied to the topic Help Sourcing Private Investors in the forum Finance https://www.propertyinvesting.com/topic/4402619-help-sourcing-private-investors/#post-4640709 Mon, 07 Feb 2011 07:47:34 +0000 If it’s a company borrower no responsible lending law applies. That said you will need to cap at 70% lvr max and you will struggle with the condition of the property to get the finance IMO. What about say a 30% lend against the as is value with the vendor providing a second mortgage for the 70% + costs that is payable in 1 years time. You might…[Read more]

]]> 0dca6640bf38c0100f91bb2cda66505c Marty McDonald replied to the topic Advisor in Sydney in the forum Finance https://www.propertyinvesting.com/topic/4402545-advisor-in-sydney/#post-4640210 Mon, 24 Jan 2011 23:41:22 +0000 Hi,I can recommend Peter Alvarez from Navigate Wealth. He is an independant financial planner and unlike others is not opposed to property invetsment (he is a buyers agent also). I have sent clients and friends to see him.http://www.navigatewealth.com.au/ContactUs.aspxCheers,

]]> f26761c0a0c5e680bba00e48ad78f2b1 Marty McDonald replied to the topic Development Finance - advice on good commercial broker/lender in the forum Finance https://www.propertyinvesting.com/topic/4402334-development-finance-advice-on-good-commercial-brokerlender/#post-4639031 Mon, 03 Jan 2011 23:03:54 +0000 Hi Kev,I have a few developement lender contacts also. No presales required and capped interest for the right deal. Happy to have a look at it for you as well. Please include GST in all costs and realisation figures for me thanxs.Link to my development finance page.http://mortgageexpertsonline.com.au/development_finance/development-finance.htmCheers,

]]> 6012a526e5002cb3c1aa57c8336c3a5c Marty McDonald replied to the topic Key Regional Areas in NSW in the forum General Property https://www.propertyinvesting.com/topic/4402231-key-regional-areas-in-nsw/#post-4638407 Mon, 20 Dec 2010 10:52:59 +0000 Orange Orange Orange

]]> eb46cf8c7a6be110817fe08e78b80fdf Marty McDonald replied to the topic How do others avoid paying mortgage insurance? in the forum Finance https://www.propertyinvesting.com/topic/4370769-how-do-others-avoid-paying-mortgage-insurance/page/2/#post-4450774 Mon, 20 Dec 2010 02:23:20 +0000 Westpac canned their 85% no LMI ages agoANZ canned medical practioners package about 2 months agoThere are still 2 reputable / competitive lenders who offer 85% no lmi on certain deals both are foreign banks.

]]> c7d9db7027b87e947b30955208ec6cff Marty McDonald replied to the topic Totally stuck, help! in the forum Finance https://www.propertyinvesting.com/topic/4402233-totally-stuck-help/#post-4638423 Sun, 19 Dec 2010 23:53:02 +0000 Hi,Can you advise why CBA did not like this deal please? The LVR seem OK as 89% + LMI Purchase price ($320,000) + purchasing costs ($13,000) + existing loan balance ($325,000) / value of both properties ($735,000) = 89%I havent checked servicing ability but that look OK too from

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