If you refinance to say 90% does that open up more doors? i.e. less strict lending criteria? 85% less again? Or it as simple as, an…[Read more]

For the wealth package to…[Read more]

Say I wanted to borrow $144k on a property, 160k. Thats a 10% deposit;

i) Is the LMI quoted on the 90% LVR figure? or the figure of the 144k + LMI = quote? (91-92% or there abouts?)

Can you capitalize other costs, such as stamp…[Read more]

I’m not to fussed about the interest rate as such, I was quoting it to say it appears really good, and raised the questions because its safe to assume there’s something up with it.

If these smaller lenders are so open to volatility in their books,…[Read more]

I thought my post made it obvious that I wasn’t chasing Interest rate and interest rate alone, with comments like what IS the difference between SCMC and other banks in regards to future lending etc..

A dig at having ‘short momories’ in relation to the RHG is unwarranted, since it implies my post was…[Read more]

Prices seem to be pretty high to reflect this at the moment IMO, but I know for a fact there is an abundance of expansion, over several decades to come.

Why would the bank not allow a 2nd valuation? Just curios..

House price is $165k. should be looking at purchase price of around $160k.

10% deposit or $16k.. or maybe $17k just to be be sure i’m under the 90% LVR. I’ll pay stamp duty, fees etc out of my own pocket, so the loan balance should be around $144k or there-abouts.

Looking at doing…[Read more]

I was thinking if bought in a trust, yes there would be inital losses, but if say every 2nd year another IP was added, by the time you got to year 7-8, the first property or two should be CF+ to offset the new additional properties… Just wondering if the inital $5-7k loss in tax per year if a…[Read more]

Is there much complication in refinancing to release equity to purchase a 2nd IP, if the property is owned by the trust?

So it appears the trust would be beneficial if there were enough income generated to pay tax? I’ve heard people say a trust is good if your earning a decent amount 70-80k+ .. So if this was the case, it would require 4-5 properties in this price range to make that happen, which could…[Read more]

Firstly, Richard I wasn’t trying to imply that LMI was refundable, i’ve never heard of this, what I was getting at was = I know i’ll have ot pay LMI for a 10% deposit if I bought the property today. If i was to refinance in say 12 months, It would make sense to refinance to 80% of the new value to avoid…[Read more]

This is all hypothetical at this stage, no house inspection / building inspection has been done.

So, if all things are as assumed (rarely?) and we decide to purchase, with a cost of say, 160k. 10% deposit + costs, say…[Read more]

Once my reno’s are done, it could be refinanced to increase my loan balance from around 150k to say 180-200k, increasing my weekly payment to more then the leased amount, keeping it negatively geared?

The house is in NSW.

The ANZ home loan estimate was only on their website, for an idea of stamp duty costs, etc.. No plan on actually going with ANZ, however thanks for the tip on their lack of revaluing houses!

I would pay for the…[Read more]

Thanks for your comments. I’m sure there will be any number of places available in either Muswellbrook / Singleton and the like which value could be added to, I haven’t really given that much of a thought at this stage. I’m thinking since I will be up that way for at least 2-3 years, perhaps I could find something worthwhile, get my…[Read more]