Just got mine today [biggrin]

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked! 6.85% Rate!!

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

P.S. Give your wife a pat on the back and a HUGE [kiss] kiss; why??? Because her pushing is evidence that behind every great man and his success story there is a woman!!!! [tongue]
[/quote]

A PUSHY woman [biggrin]

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked! 6.85%…[Read more]

Originally posted by powmow:
thanks for the reply kay henry,

does the 12% net profit take into account building materials or anything like that needed for renovation?
and is the rate around 2%?

thanks again…

I believe that it doesn’t….however if it is established as your PPOR then the sales duty does not apply.

Cheers,

Simon…[Read more]

Yes it is possible and legal – theideal situation is to settle on the same day.

Be aware that this was a common tactic to make good money in the last few years. Now that growth has slowed I would advise caution.

Do your research independent of the marketers claims.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228…[Read more]

Pocket rocket!

immaculately fitted out 34sqm unit. located on the 13th floor with leafy outlook….

i’m no expert but i have a strong family background in advertising who’ve always told me ‘let the buyers know exactly what they’re getting’ that way you eliminate the surprise factor.

That sounds like very smart advice. Another little gem for…[Read more]

I guess they were generalising mate – given the same location then it is true in many cases – not all!

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked! 6.85% Rate!!

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or…[Read more]

Good point Stuart – I guess I am too used to answering mortgage questions.

Scotty, you need to be aware that Financial pLanners tend to be less interested in property than they are in managed funds or super.

I would suggest that you identify someone you know that has been successful in the manner in which you desire to be and approach them for…[Read more]

Best thing to do is ask family or friends for a referral to a good broker. If that fails then ask for folks in here to recommend someone they trust.

If you are happy to use the phone and email then don’t restrict yoursoulf to someone local.

All the best,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65%…[Read more]

Capital growth will win me every time!

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked! 6.85% Rate!!

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Get a decent broker!

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked! 6.85% Rate!!

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

You can claim the interest on the $80K.

If you increase the loan on the new IP to buy a PPOR you cannot claim the increase as the purpose of the loan is to buy a home.

Hope this makes sense.

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked! 6.85% Rate!!

Comments may not be…[Read more]

There are lots of alternatives – make sure you ask the broker lots of questions!

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked! 6.85% Rate!!

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you…[Read more]

It means annual rent divided by purchase price times 100.

Not as accurate as other investments as there are many other costs not factored in. useful only to compare properties very roughly.

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked! 6.85% Rate!!

Comments may not be…[Read more]

Funny – but have been getting emailed around for years!

In fact this was in my inbox this morning from someone else!

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked! 6.85% Rate!!

Comments may not be relevant to individual circumstances. If you intend making any…[Read more]

Emailed you mate.

Hope it helps,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked! 6.85% Rate!!

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Yes that will work fine.

I would suggest getting a split on the loan so the two different amounts are clearly defined. This also means that you pay pay your PPOR off at a different rate than the IP – this will aid in tax effectiveness.

Then see a broker about getting a 80% lend for the second property. You should be able to avoid cross…[Read more]

You need to contact a broker and ask about LODOC or NODOC loans. Mine are at 6.85% and less if you can get one through one of the majors.

Do you have an ABN? If you have two years history it will make things easier.

Anyway best bet is to give one a ring.

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan…[Read more]

They did say 14 days…

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked! 6.85% Rate!!

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

It is a pleasure to help out mate.

In this instance Mad Cat was cold called by a Mortgage Minimisation company who wanted to change lenders and charge him several thousand dollars for the privilege.

If anyone else is considering this please post or email any of the brokers here for a simple check first – Mad Cat can get exactly the same set up…[Read more]

I was in the Army too.

There are all sorts of lender and as long as you are not on probation then we shouldn’t have to much trouble.

Talk to a mortgage broker – there are plenty of us around.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked! 6.85% Rate!!

Comments may not…[Read more]