PropertyInvesting.com | Mel 121 | Activity https://www.propertyinvesting.com/members/mel-121/activity/ Activity feed for Mel 121. Mon, 13 Apr 2026 06:35:51 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 2154eeb31bc49c5ac0050c2bc56b082b Mel 121 replied to the topic Loan Structures in the forum Finance https://www.propertyinvesting.com/topic/4405217-loan-structures-5/#post-4659040 Wed, 23 Nov 2011 15:41:49 +0000 Hi Karl,
I agree to most of what has been said above.
Line of Credit can be great product to reduce you debt and pay off you loan as soon as possible, in my experience most Financial Planner will recommend this product to help their client reduce their clients debt as soon as possible.
It all depends on the features of the LOC (Line of Credit) and…[Read more]

]]> f34d4cd2db7657b0f267a887a54db77f Mel 121 replied to the topic Revalue in the forum Finance https://www.propertyinvesting.com/topic/4405199-revalue/#post-4658920 Wed, 23 Nov 2011 15:04:18 +0000 ING Direct (you can go direct or through a mortgage broker) have a product called "Redcued Equity Fee" (REF) this is where they will self insure (not go to mortgage insurance) for purchase loans up to 95% LVR. This is also cheaper then going to either Genworth or QBE mortgage insures. On this product they will also allow you to increase your…[Read more]

]]> 65f60e67e44444561327b3e3ca7d1215 Mel 121 replied to the topic finance in the forum Finance https://www.propertyinvesting.com/topic/4405210-finance-30/#post-4658971 Wed, 23 Nov 2011 15:03:05 +0000 Hi Keiko,

ING Direct (you can go direct or through a mortgage broker) have a product called “Redcued Equity Fee” (REF) this is where they will self insure (not go to mortgage insurance) for purchase loans up to 95% LVR. This is also cheaper then going to either Genworth or QBE mortgage insures. On this product they will also allow you to…[Read more]

]]> e184a4a2f5081f2a21bc840656ee521f Mel 121 replied to the topic need a new loan for another IP in the forum Finance https://www.propertyinvesting.com/topic/4405221-need-a-new-loan-for-another-ip/#post-4659071 Wed, 23 Nov 2011 14:43:55 +0000 Hi AJ,

The biggest issue with putting all your loans with one lender/bank is that even if you have all three properties in different loans (not crossing the properties) most banks have an all Monies clause. This means that if for any reason you default on one mortgage the bank can collect the outstanding balance from the other loans. (this can…[Read more]

]]> 7f3b9d13a5b679d26996a447fbc477d0 Mel 121 replied to the topic thoughts on which way to go in the forum Help Needed! https://www.propertyinvesting.com/topic/4405223-thoughts-on-which-way-to-go/#post-4659079 Wed, 23 Nov 2011 14:03:07 +0000 You are able to get the Firts Home Buyer Grant if you purchase a duplex.
Please refer to the below website
http://www.osr.qld.gov.au/first-home-owner-grant/index.shtml

There are a few options out there for you.
Bank West and Liberty are two funders that I know off hand that will lend to you with only austudy as income to service the debt, Bank…[Read more]

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