There is an audit team who checks.

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

NODOC Loan – 65% Loan – No questions asked!

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

I hear people are going back to white.

If it iscold then carpet in the bedrooms otherwise floorboards are fine.

Not a big deal either way so don’t lose too much sleep over it.

Cheers,

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

NODOC Loan – 65% Loan – No questions asked!

Comments may not be relevant to individual…[Read more]

http://www.depreciator.com.au

Cheers,

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

NODOC Loan – 65% Loan – No questions asked!

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

I think you will find your figures are a bit out.

I would suggest LMI on a $100K loan with a 90% LVR would be closer to $1200.

This should make the picture a little rosier for you.

Cheers,

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

NODOC Loan – 65% Loan – No questions asked!

Comments may not be relevant to individual…[Read more]

I did recently.

Buy a pos cashflow place on an IO loan. Borrow 100%+ to do so. Divert the cashflow into an offset account on your home loan along with your wage.

This will make a significant difference.

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

NODOC Loan – 65% Loan – No questions asked!

Comments may not be…[Read more]

Living in it doesn’t make it residential!

Depends on the zoning and the usage as well.

What LVR are you after?

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

NODOC Loan – 65% Loan – No questions asked!

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

You give up quickly [biggrin]

Cheers,

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

NODOC Loan – 65% Loan – No questions asked!

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

His lender may very well require a certificate of cover.

Recently built houses are often targeted by thievesafter new HWS and electrical items such as ovens, dishwashers etc.

I wouldn’t risk it myself.

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

NODOC Loan – 65% Loan – No questions asked!

Comments may not be relevant…[Read more]

Will be hard. What LVR are you after?

Cheers,

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

NODOC Loan – 65% Loan – No questions asked!

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

I find most investors don’t delay their start. The ones that do generally regret it at a later date.

I know I wish I had started earlier.

In 10 years time you will look back and see a significant rise in the value of residential property. Perhaps one idea is to purchase IP’s with the view of one day selling to pay out any PPOR debt you may…[Read more]

DD

What naysayers are you referring to? I thought all the replies seemed quite positive and supportive?

I think it a super achievement and wish I had started at that age!

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

NODOC Loan – 65% Loan – No questions asked!

Comments may not be relevant to individual circumstances.…[Read more]

My clients all swear by Loan Alert. The designers stay in touch and I am not aware of any problems to date.

http://www.loanalert.com.au

All the best,

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

NODOC Loan – 65% Loan – No questions asked!

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

Q1 – Only pay SD on the purchase. Once you change usage you don’t pay it again.

Q2 – Tax deductibility will cease when it is no longer available for rental.

Hope this helps a little.

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

NODOC Loan – 65% Loan – No questions asked!

Comments may not be relevant to individual…[Read more]

I can do so – but would need some more info from you as to how you wanted to run this.

Are you looking for a loan here or in NZ?

Cheers,

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

NODOC Loan – 65% Loan – No questions asked!

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

Please don’t see a financial planner.

Contact a Mortgage Broker instead – and do so after asking people for a referral.

Cheers,

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

NODOC Loan – 65% Loan – No questions asked!

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

If you move from your PPOR you have 6 years grace where you may sell it without CGT.

This is as long as you haven’t purchased a new PPOR. (They can overlap for up to 6 months).

Hope this helps,

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

NODOC Loan – 65% Loan – No questions asked!

Comments may not be relevant to…[Read more]

Remember that you are signing a declaratio as to the veracity of the information you provide the bank.

To obtain anything by misrepresentation is fraud.

All the best,

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

NODOC Loan – 65% Loan – No questions asked!

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

All of your debts will be on your CRA.

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

NODOC Loan – 65% Loan – No questions asked!

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

Don’t focus too much on the exact loan. I think the effort at this stage shouldbe in identifying the type of property and the location.

If you qualify for finance the a good broker will point you in the right direction quite quickly.

I would be inclied to recommend IO, also a lender that will capitalise LMI so as to minimise the funds required…[Read more]

There will generally be REA’s who specialise in this sort of PM – I don’t know who they are in Perth.

I suggest you call around or look in the rental ads. I know they are quite obvious up here.

Other than that it is fairly standard.

all the best,

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

NODOC Loan – 65% Loan – No…[Read more]