PropertyInvesting.com | Mobile Mortgage | Activity https://www.propertyinvesting.com/members/mobile-mortgage/activity/ Activity feed for Mobile Mortgage. Sun, 12 Apr 2026 16:50:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 793f1f70308c22041e09e8bbcedb61e1 Mobile Mortgage replied to the topic Guys and Gals I need your help!!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4386126-guys-and-gals-i-need-your-help/#post-4551524 Fri, 14 Jul 2006 09:20:02 +0000 Option C.
revaluate once the renos on IP 1 are finished in a fortnights time.
It’s only Two weeks.

Cheers
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

]]> ae270abead5f72bf4dc6b31faccf2b2f Mobile Mortgage replied to the topic getting started in the forum Help Needed! https://www.propertyinvesting.com/topic/4386125-getting-started-36/#post-4551523 Fri, 14 Jul 2006 08:43:47 +0000 20K in debt with no deposit and you want to buy an IP.
If you manage to get 100% finance you will still need funds for closing costs, stamp duty/legals/LMI etc.

Do your self-a favor, this is your 1st IP and you have little or no experience so save for a deposit, & don’t borrow any more than 90% LVR.

(I’m not trying to be mean but sometimes…[Read more]

]]> c6cd67df4c7f5639a7a7f420534d7098 Mobile Mortgage replied to the topic Non bank Lenders Good or Bad? in the forum Finance https://www.propertyinvesting.com/topic/4385952-non-bank-lenders-good-or-bad/#post-4550755 Fri, 14 Jul 2006 08:07:11 +0000 [black]Originally posted by Jace81:
ok, i worked for powerloan for about 6 months, and most of the time (up until the westpoint crash) was enjoyable…The workshops are not much more than a sales pitch, so that part of the added value service from the company is a bit dodgy

1st Alarm Bell

they do have good strategies, but if you look for a good…[Read more]

]]> e5c707cec7002bacad4f52514eb47a36 Mobile Mortgage replied to the topic Financing using trust structure in the forum No Subject https://www.propertyinvesting.com/topic/4386121-financing-using-trust-structure/#post-4551509 Fri, 14 Jul 2006 00:04:18 +0000 Terry is correct,
Normal residential lending rates and loan to value ratios will apply, providing the security is not classed as a commercial property.

Contact Terry, he’s in NSW and will be able to help you.

Cheers
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483…[Read more]

]]> 770c79b9dffbd668d87a9b876fedde6c Mobile Mortgage replied to the topic 2 sperate loans or joining 2 together in the forum Finance https://www.propertyinvesting.com/topic/4385648-2-sperate-loans-or-joining-2-together/#post-4548109 Thu, 08 Jun 2006 03:54:31 +0000 In today’s current competitive climate we have lending institutions offering competitive rates with no application and ongoing fees,
in most situations there is no benefit in combining multiple securities into the one loan, I.e. cross-collateralising.

Cheers
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216…[Read more]

]]> 7046352d85b8441113217dc8951d6913 Mobile Mortgage replied to the topic Looking for LOC gurus here in the forum Finance https://www.propertyinvesting.com/topic/4385761-looking-for-loc-gurus-here/#post-4549762 Thu, 08 Jun 2006 02:40:22 +0000 Depending on your circumstances a split loan with a 100% offset account attached may be a more beneficial/cheaper option than a LOC.

EG,
Split 1 is your current debt (non-deductible debt) on you PPR.
And split 2 is your interest only investment loan (deductible debt) Equity from PPR.
The 100% offset is linked to split 1 (non-deductible…[Read more]

]]> 34b073061c8b960d0a9b91e91b722d4d Mobile Mortgage replied to the topic Help for refinancing 3 houses in the forum No Subject https://www.propertyinvesting.com/topic/4385560-help-for-refinancing-3-houses/#post-4547733 Thu, 25 May 2006 00:11:35 +0000 Sorry Elka, I meant to say deductible debt, Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

]]> 0511f55219b231eca3ab87034dbe5a37 Mobile Mortgage replied to the topic Question for Q&A RESULTS 2: Mortgage brokers in the forum No Subject https://www.propertyinvesting.com/topic/4385580-question-for-qa-results-2-mortgage-brokers/#post-4547819 Wed, 24 May 2006 04:25:07 +0000 Good question Chrisitnep,
I also provide my clients with commission disclosure from my panel of lenders…however in most cases they never seem to take much notice of it.
More importantly the question you should ask the Broker is “why have you recommended this lender/product over all the other lending institutions and how is it suited to my need…[Read more]

]]> 80b8720d76919a3da842ba7d25457b14 Mobile Mortgage replied to the topic Help for refinancing 3 houses in the forum No Subject https://www.propertyinvesting.com/topic/4385560-help-for-refinancing-3-houses/#post-4547730 Wed, 24 May 2006 03:51:11 +0000 Originally posted by Jessica:
Hi There,
My husband and I did the sums recently and discovered we could get an extra $700 per week in cash flow (from wages) if we were to refinance and take out interest only loans on 3 of our houses.
We are looking for a mortgage broker that can help us. Can anyone recommend one or are there any out there that can…[Read more]

]]> b192ac36621552e3055592a16f863ada Mobile Mortgage replied to the topic Refinancing.Scared Witless in the forum No Subject https://www.propertyinvesting.com/topic/4385520-refinancing-scared-witless/#post-4547568 Thu, 18 May 2006 06:48:04 +0000 The simplest solution would be to check with your current lender.. Anonymously of course,
Ring them up and explain that you are on work cover and you want to know if you would qualify for a loan for x amount while receiving work cover income of x amount.

if by chance you don’t qualify then contact a mortgage broker(There’s plenty around at…[Read more]

]]> 75df4cd9535c8265b94d851c2eefcd2d Mobile Mortgage replied to the topic HELP!!!! Feedback required please! :-) in the forum No Subject https://www.propertyinvesting.com/topic/4385497-help-feedback-required-please/#post-4547456 Thu, 18 May 2006 06:27:28 +0000 To answer your question, It all comes down to the numbers/income etc, and servicing on 100% can be a little more stringent,
as you are self employed lenders will need to look at your last two years financials.

Talk to a mortgage broker and have them crunch the numbers to see if you do qualify for a 100% finance, if you don’t qualify there may…[Read more]

]]> b1e066b67c4ecbbcebac3f7a1a22a621 Mobile Mortgage replied to the topic Advice wanted on how to get first loan in the forum Finance https://www.propertyinvesting.com/topic/4385243-advice-wanted-on-how-to-get-first-loan/#post-4546363 Fri, 28 Apr 2006 02:48:14 +0000 Hi Jessica,
Based on the info (income $33.500 gross and no other debt) your brother should qualify for the required amount.

Closing costs… stamp duty etc will eat up much of the grant and his savings so I would assume a high LVR of approx. 90-95% will be required.

This is pretty much stock standard finance that any competent mortgage bro…[Read more]

]]> 93fef99ff8320105c244bb34ea987d4e Mobile Mortgage replied to the topic help! bad credit rate in the forum Finance https://www.propertyinvesting.com/topic/4385139-help-bad-credit-rate/#post-4545734 Wed, 19 Apr 2006 11:39:17 +0000 Hi Didi,
I agree with Derek, depending on the circumstances you should be fine…
Worst case scenario there are lenders who will ignore the defaults and charge a higher rate, then refinance to a lower rate when the defaults are removed from your CRA, Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216…[Read more]

]]> 8c56f09d9e107ebbbea043d432c32473 Mobile Mortgage replied to the topic No-Doc No Brainer in the forum No Subject https://www.propertyinvesting.com/topic/4385100-no-doc-no-brainer/#post-4545509 Wed, 19 Apr 2006 10:44:07 +0000 Originally posted by redwing:
Originally posted by Mobile Mortgage:
Ok Red a few things to consider…..

Are you certain you will require low/no doc finance?
(You may be surprised to find that you do qualify for prime lending)
A local broker who works with another Investor i know thought I could get it via the normal process, we went through ST…[Read more]

]]> 51b10f9bfe272439a5e962ee90ba59c7 Mobile Mortgage replied to the topic No-Doc No Brainer in the forum Finance https://www.propertyinvesting.com/topic/4385100-no-doc-no-brainer/#post-4545505 Mon, 17 Apr 2006 13:17:56 +0000 Ok Red a few things to consider…..

Are you certain you will require low/no doc finance?
(You may be surprised to find that you do qualify for prime lending)

Do you have any current exposure to LMI on your existing debt?
(If so then tread carefully with any future self certification via the same mortgage insurer)

Are you certain you require…[Read more]

]]> 79b202e862900af848b001cc987aee7c Mobile Mortgage replied to the topic line of credit?? in the forum Finance https://www.propertyinvesting.com/topic/4385058-line-of-credit-9/#post-4545321 Fri, 14 Apr 2006 09:57:30 +0000 You probably don’t need an LOC.

If you have non- deductible debt & intend to access the equity in your PPR for investment purpose, then you should consider a split loan with a 100% offset account attached.

E.g.
Split One. Balance remaining on current home loan, P&I repayments with linked 100% offset account.

Split 2: Investment loan. Inte…[Read more]

]]> 7c984e48488ee5e783a60d2df4b1e9aa Mobile Mortgage replied to the topic 80% lo doc no doc in the forum Finance https://www.propertyinvesting.com/topic/4385010-80-lo-doc-no-doc/#post-4545068 Fri, 14 Apr 2006 09:23:05 +0000 Providing the numbers stack up, and assuming you have the required equity available there would be no need to x-coll.

E.g., borrow 60% secured against the new purchase & the remaining 40% and closing costs via equity on a separate loan secured against current property.

The lower 60% LVR required will give you a much wider choice of…[Read more]

]]> 8aba016ee78f58ddb1bc2bb98b2a24e8 Mobile Mortgage replied to the topic 80% lo doc no doc in the forum Finance https://www.propertyinvesting.com/topic/4385010-80-lo-doc-no-doc/#post-4545061 Mon, 10 Apr 2006 10:02:47 +0000 Rams Low Doc 80% LVR with LMI covered.
A few lenders, Adelaide Bank etc will capitalise the LMI on there low doc products up to 80% LVR,
And a couple of lending institutions will lend to 90% with LMI capitalised up to 95%.

As always ensure the product suits your immediate & long term needs, and keep an eye out for hefty deferred establishment…[Read more]

]]> 05199a37ab9a04617e7adb0f9d7c7c7a Mobile Mortgage replied to the topic Line of credit in the forum Finance https://www.propertyinvesting.com/topic/4384970-line-of-credit-8/#post-4544849 Wed, 05 Apr 2006 00:51:21 +0000 Very good advice from Cameron,

When correctly structured a 100% offset linked to any loan will work in the same manner as an LOC… and in many situations offer a greater benefit over a LOC.

Line Of Credits are my pet hate, they are over rated and all too often poorly managed, expensive and in most cases not required. Che…[Read more]

]]> fd5d60ff110126c6b45d59e02a81ec07 Mobile Mortgage replied to the topic No Doc or Low Doc? in the forum Finance https://www.propertyinvesting.com/topic/4384947-no-doc-or-low-doc/#post-4544671 Tue, 04 Apr 2006 23:44:48 +0000 95% Low Doc.

Interest rates 8.99% reducing to 7.79% after 3 years
LMI: 3.45%
No monthly or annual fees.
Application fee: $1200
P&I or interest only
Security: owner occupied or investment
Trusts are ok
Up to 4 splits
Redraw: minimum $2000
Deferred establishment fees: 1 Year 2.5% 2-3 years 2.0%
3-5 Years 1.5%

Regards
Steven
Mortgage Broker

Mobile…[Read more]

]]> fee36dff612e28afa6f45c852d6e1e0d Mobile Mortgage replied to the topic what is the 80% best lowdoc in the forum Finance https://www.propertyinvesting.com/topic/4384887-what-is-the-80-best-lowdoc/#post-4544352 Wed, 29 Mar 2006 10:50:08 +0000 Hi P.P,
Forget about the cheapest rate; the cheapest rate isn’t necessarily the best product,
Concentrate on getting the best product that will match your current circumstances and not hinder your future investment plans, this will probably save you a lot more in the long term.

Matching the correct lender to your individual requirements will…[Read more]

]]> 66413d1ee2eea97c2630da096e5e424b Mobile Mortgage replied to the topic $600K St. George No deposit home loan in the forum Finance https://www.propertyinvesting.com/topic/4384862-600k-st-george-no-deposit-home-loan/#post-4544243 Mon, 27 Mar 2006 10:25:24 +0000 If you have no funds/equity to put into the deal then try another 100% lender.

Watch out for deferred establishment fees, especially if you’re looking at short term lending. i.e. 1 to 3 years. Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216…[Read more]

]]> aeb0f55425a600469ff6b5e1a1fd7b1c Mobile Mortgage replied to the topic St George 100% Finance in the forum Finance https://www.propertyinvesting.com/topic/4384860-st-george-100-finance/#post-4544238 Mon, 27 Mar 2006 06:43:52 +0000 Keep in mind St George will not take into account any rental income with servicing/borrowing capacity on their 100% loan for investors.

Also the required Net $175.000 is in saleable assets less current liabilities. Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483…[Read more]

]]> 2099c3c4d3a8418bd0bafbb676bb891f Mobile Mortgage replied to the topic having trouble in the forum Finance https://www.propertyinvesting.com/topic/4384828-having-trouble/#post-4544131 Mon, 27 Mar 2006 05:31:48 +0000 Originally posted by Dazzling:
Steve / PK,

I have read quite a bit on the forums about the dangers of X coll, and believe me, we are X coll’d up the Wazoo, but so far we haven’t been restricted or come across any nasty restrictions that is inhibiting our future investment borrowing.

What nasty things can actually happen if your finances are tied…[Read more]

]]> 4324dc6c6536c1dcc9dd0a1801fe73b1 Mobile Mortgage replied to the topic Financial Strategists & Cross Collaterisation in the forum Finance https://www.propertyinvesting.com/topic/4384848-financial-strategists-cross-collaterisation/#post-4544196 Sun, 26 Mar 2006 10:49:04 +0000 Multiple loan fees & set up costs etc on separate loans doesn’t carry much weight in support of X-Coll.

In today’s current climate with so many lending institutions offering nil application fees and in a lot of cases no ongoing fees there is (usually) absolutely no need for X-Coll.

And for those who have expensive pro packages the above sho…[Read more]

]]> 9d67148a074545ec107ead85dc356925 Mobile Mortgage replied to the topic having trouble in the forum Finance https://www.propertyinvesting.com/topic/4384828-having-trouble/#post-4544126 Sun, 26 Mar 2006 10:26:25 +0000 Thanks for sharing your exspereince with the dark side of X-Coll PK,
Unfortunately your experience/misfortune is not uncommon.

As I have mentioned before and will say it again, the perils of X-Coll may not be apparent until it’s too late.
Prevention is so much easier than the cure.

Regards
Steven
Mortgage Broker

Mobile Mortgage Mark…[Read more]

]]> 3908293f55d4f594bdb377b19dd76a74 Mobile Mortgage replied to the topic having trouble in the forum Finance https://www.propertyinvesting.com/topic/4384828-having-trouble/#post-4544123 Fri, 24 Mar 2006 14:58:45 +0000 Yes Todd that is the preferred option,
If you have equity then you can effectively borrow 100% plus closing costs without incurring LMI,

This being the case I would suggest separate loans to avoid X-Coll
E.g.,
Loan 1 @ 20% plus closing costs i.e. stamp duty etc, secured against current property.
Loan 2 @ 80% secured against new…[Read more]

]]> c2893d88b4ad0f43783fadd1046cd97f Mobile Mortgage replied to the topic having trouble in the forum Finance https://www.propertyinvesting.com/topic/4384828-having-trouble/#post-4544121 Fri, 24 Mar 2006 14:30:12 +0000 Yes there are lending institutions that will lend 100% and 107%, although the LMI is quite high on these types of loans.
Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial,…[Read more]

]]> e72a98a794826947d0708c9ab96ac726 Mobile Mortgage replied to the topic having trouble in the forum Finance https://www.propertyinvesting.com/topic/4384828-having-trouble/#post-4544120 Fri, 24 Mar 2006 14:25:04 +0000 How much you borrow will depend on the LVR (loan to value ratio) e.g., 100% 95% or 80% etc

Here are the figures based on a $200.000 Investment purchase in NSW
Borrowing @ 80% LVR with a 20% deposit

Purchase price: $200.000
Loan @ 80% LVR: $160.000
20% deposit: $40.000

Transfer Stamp Duty: $5.490
Mortgage Stamp Duty: $581
Mortgage registration:…[Read more]

]]> 185ed342681cceecccb36108d94bdd1c Mobile Mortgage replied to the topic OK, so we have to rent the unit...best mortgage? in the forum Finance https://www.propertyinvesting.com/topic/4384791-ok-so-we-have-to-rent-the-unit-best-mortgage/#post-4543954 Thu, 23 Mar 2006 06:20:46 +0000 Originally posted by andymitchell:
yes – thats why I’m probably forced to stick with current lender – my banker said they wouldnt need a new valuation if I changed products…so I may have no choice…though I need to decide which of their products I would choose if I did change. I do think rates are on the up, maybe just 0.5% over the next 18…[Read more]

]]> f30319d29de3e5c3024f4e04a81dd420 Mobile Mortgage replied to the topic Usa property contacts in the forum Overseas Deals https://www.propertyinvesting.com/topic/4384626-usa-property-contacts/page/2/#post-4543124 Wed, 22 Mar 2006 12:38:38 +0000 Give Richard, AKA Qlds007 a call,
He brokers finance in the U.S. sleeps irregular hours US time and is a regular forum contributor.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483…[Read more]

]]> 25e10a29a496b53e30ed9ad2aabec8ae Mobile Mortgage replied to the topic just quickly in the forum Help Needed! https://www.propertyinvesting.com/topic/4384803-just-quickly/#post-4544004 Wed, 22 Mar 2006 12:09:29 +0000 Best to make the offer subject to a satisfactory building & pest inspection,
The lending institution/bank will carry out a valuation, a finance clause in the contract is also a good idea. Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE…[Read more]

]]> e09786a31c63ba7472d52bfd3ca7275c Mobile Mortgage replied to the topic loan structures in the forum Finance https://www.propertyinvesting.com/topic/4384793-loan-structures-3/#post-4543971 Wed, 22 Mar 2006 11:33:59 +0000 You don’t have to crosscolaterise your portfolio to borrow 100%.
Accessing the equity in stand alone loans will still allow you to borrow 100%, unfortunately quite a few lending institutions fail to mention this and encourage cross colaterisation.

Why is X-coll a bad idea?
Lets assume you need to access equity in 1, 2, 3 or all your prop…[Read more]

]]> bfa50ce60fd18f71d8966ce465b5d7b7 Mobile Mortgage replied to the topic loan structures in the forum Finance https://www.propertyinvesting.com/topic/4384793-loan-structures-3/#post-4543968 Wed, 22 Mar 2006 08:39:55 +0000 Everyone’s situation is different,
It would be better to post the details (within reason) of your current structure and future plans on the forum for comment.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be take…[Read more]

]]> 53dfca1d10257cf4b3772a0dff541800 Mobile Mortgage replied to the topic OK, so we have to rent the unit...best mortgage? in the forum Finance https://www.propertyinvesting.com/topic/4384791-ok-so-we-have-to-rent-the-unit-best-mortgage/#post-4543948 Wed, 22 Mar 2006 08:13:51 +0000 Originally posted by andymitchell:
Hi all – well, from discussions with several agents, the value of our unit is now well below our mortgage amount, variable rate?

Be careful here, not sure if you are considering alternative lenders or not, but if the statement above is correct then I would think twice before doing anything that may require a…[Read more]

]]> 1688dbbe6a7202ad76a5557248a767cc Mobile Mortgage replied to the topic Valuation of property, help needed...... in the forum Help Needed! https://www.propertyinvesting.com/topic/4384733-valuation-of-property-help-needed/#post-4543666 Fri, 17 Mar 2006 02:57:14 +0000 Hi Bobby,
Valuers will look at comparable sales in your area, Contact a few Estate Agents and ask for a list of recent sale figures, if they are inline with your estimated property value then present these figures to the bank and ask for a revaluation.

If the bank play hard ball contact a Mortgage Broker and take your business elsewhere,
A…[Read more]

]]> fc5bc53ece49d0fcd47566c6f54b5101 Mobile Mortgage replied to the topic Cross-collateralisation & LMI??? in the forum No Subject https://www.propertyinvesting.com/topic/4384430-cross-collateralisation-lmi/#post-4541746 Fri, 17 Mar 2006 02:18:43 +0000 I agree, keep the 2 loans separate, don’t cross collateralise.

Depending on the numbers, current value purchase price etc, it may be more economical for you to have the LMI on just the One loan,
E.g., 1st loan @ 89% LVR & the 2nd loan @ 80% LVR

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216…[Read more]

]]> f6e9ab19afab29dfd05a7fcb5bd80161 Mobile Mortgage replied to the topic Do you pay stamp duty on a transfer of ownership? in the forum Help Needed! https://www.propertyinvesting.com/topic/4384702-do-you-pay-stamp-duty-on-a-transfer-of-ownership/#post-4543516 Wed, 15 Mar 2006 02:54:35 +0000 Your right Andy, Just spoke with the OSR, duty is applicable when transferring title under Two spouse names to One spouse name.

However, Duty is not applicable when transferring name on PPR title from One Spouse to both Spouse names,
Sorry this doesn’t help with your current situation but I thought it might be helpful info for others. Chee…[Read more]

]]> 880d67a964a2d2b7b8bfc77f47f1e73a Mobile Mortgage replied to the topic Do you pay stamp duty on a transfer of ownership? in the forum Help Needed! https://www.propertyinvesting.com/topic/4384702-do-you-pay-stamp-duty-on-a-transfer-of-ownership/#post-4543509 Tue, 14 Mar 2006 13:46:32 +0000 Hi Andy,
I inquired about this quite a while ago on behalf of a client, sorry but I don’t remember which State, but from memory no stamp duty is incurred between spouse on a PPR, I think it falls under the (love & affection) policy.

Good luck & I hope everything works out for you, Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Mark…[Read more]

]]> 6bcbcb2471d0d76f0c7ce971bf4ff43b Mobile Mortgage replied to the topic New 80% No Doc Loan for RAMS in the forum Finance https://www.propertyinvesting.com/topic/4384082-new-80-no-doc-loan-for-rams/page/2/#post-4540137 Wed, 01 Mar 2006 03:47:11 +0000 Originally posted by proper property:
AMP will now accept lo doc loans in company names most other lenders only do it in personal names. there rate is 7.06

Incorrect, most lending institutions will lend to Company/Trusts on low doc products, including Rams.

BTW, LMI is applicable over 60% LVR with that particular AMP low doc product @ 7.06%…[Read more]

]]> 05825d6f35f8be34de8cf6beeee13caf Mobile Mortgage replied to the topic 90% Lo Doc Rates in the forum No Subject https://www.propertyinvesting.com/topic/4384509-90-lo-doc-rates/#post-4542555 Wed, 01 Mar 2006 02:50:54 +0000 A 90% low doc product is also available from the same lender @ 8.84% and 3.25% for LMI, cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

]]> 34a3b2f6902a0031c2be6c5d8bdbda7b Mobile Mortgage replied to the topic New 80% No Doc Loan for RAMS in the forum Finance https://www.propertyinvesting.com/topic/4384082-new-80-no-doc-loan-for-rams/#post-4540135 Wed, 01 Mar 2006 02:34:59 +0000 The Rams Low Doc pro pack has a maximum LVR of 65% up to $500K

80% LVR is available on loan amounts over $500K but the borrower pays the LMI on the full loan amount.

A stated income is required.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note…[Read more]

]]> b8a7e2454c21ee7ec1a692b8ba34a209 Mobile Mortgage replied to the topic We are new property investors in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384406-we-are-new-property-investors/#post-4541621 Tue, 21 Feb 2006 10:19:40 +0000 Hi Sidluc,
I would suggest you get some professional advice, i.e. a savvy accountant, but a depreciation schedule via a quantity surveyor should be high on the list. Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should…[Read more]

]]> 1a5208c96a3d110b1015731e94eb29b3 Mobile Mortgage replied to the topic KNOW ABOUT WIZARD HOME LOANS? in the forum No Subject https://www.propertyinvesting.com/topic/4384381-know-about-wizard-home-loans/#post-4541471 Tue, 21 Feb 2006 10:00:51 +0000 Anita,
If you feel you don’t have time to go elsewhere then I would suggest you inform Wizard to set this up as 2 separate loans.
E.g.
Loan 1 secured against the IP at 80% LVR
Loan 2 secured against PPR for the remaining 20% plus purchase costs. Cheers

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216…[Read more]

]]> ac0eed1a7d145e6a25c62ac65a8fce0b Mobile Mortgage replied to the topic Lodoc Rates Falling in the forum Finance https://www.propertyinvesting.com/topic/4384389-lodoc-rates-falling/#post-4541510 Tue, 21 Feb 2006 09:32:10 +0000 It’s not a bad product Richard,
Gross, the promo finishes 31st May

some further info,
Unlimited free redraw by phone or internet with no minimum amount
No ongoing fees 100% offset sub-account available for $8
Interest only option for 5 years and up to 2 splits for free, cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402…[Read more]

]]> 9cf90590c1b506b930923b18c06348f0 Mobile Mortgage replied to the topic owner builder after refinance help in the forum Finance https://www.propertyinvesting.com/topic/4384330-owner-builder-after-refinance-help/#post-4541275 Wed, 15 Feb 2006 13:27:57 +0000 Hi S.O.B
Latrobe and the NAB will do owner builder finance, Latrobe will do 80% to 90% LVR and they also have a Low Doc O.B finance product. Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific…[Read more]

]]> bb6511d1689a31dd3e38b55bdeb0097d Mobile Mortgage replied to the topic Finance for an ex-bankrupt in the forum Finance https://www.propertyinvesting.com/topic/4384329-finance-for-an-ex-bankrupt/#post-4541266 Wed, 15 Feb 2006 13:19:50 +0000 Hi Sireltekae and welcome aboard,

The finance issue will depend on the length of time since you were discharged,
keep in mind the lenders servicing requirements/lending policy for 100% finance is more stringent compared to normal lending guidelines.

If you are relatively new to property investing then it may be wise to hold off taking the…[Read more]

]]> cc32c9c5bafb45991632f3fbe436b1ec Mobile Mortgage replied to the topic 5% non genuine savings incl. FHOG in the forum No Subject https://www.propertyinvesting.com/topic/4384085-5-non-genuine-savings-incl-fhog/#post-4540144 Wed, 15 Feb 2006 12:29:32 +0000 Anita,
What is the revert rate at the conclusion of the honeymoon period?

In most cases the revert rate on these intro/honeymoon type products is very high and usually attract expensive deferred establishment fees.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483…[Read more]

]]> d7a159ac0e763a375a5af9b75af89bb2 Mobile Mortgage replied to the topic Valuations No longer Necessary! in the forum Finance https://www.propertyinvesting.com/topic/4384302-valuations-no-longer-necessary/#post-4541189 Wed, 15 Feb 2006 04:50:08 +0000 I suspect ANZ may have used the contract of sale instead of a valuation. Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

]]> f77e55b8801da594a7f8c98a3d2b67d1 Mobile Mortgage replied to the topic A.Bank 6.60% in the forum Finance https://www.propertyinvesting.com/topic/4384161-a-bank-6-60/#post-4540537 Mon, 13 Feb 2006 05:31:16 +0000 That’s a good question Tom,
Unfortunately logic does not always prevail when it comes to policy, however there is usually room for negotiation. Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as spec…[Read more]

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