Lied to once?

I am forever finding CRA reports that don’t match what clients tell me lol

Hope that is the worst that happens to you mate!

Cheers,

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

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

Lets not over react here.

Lodocs are valid for people behind in their tax returns and for people who cannot be bothered with all the paperwork.

I imagine that the only folks who need to be concerned are those that have lied on an application. And perhaps those that knowingly assist them.

All the best folks and I will continue to write them…[Read more]

Can get a reval pretty quickly with some lenders. In under three months generally but I am reliably informed that Tonto will do it much faster – immediadetly I believe.

Consider doing the reno on personal loan or even a credit card with a low 6 month intro rate?

Just some ideas.

Cheers,

Simon Macks
Mortgage…[Read more]

Quote:
Originally posted by AusProp:

well the fee may be fat but it may not be – maybe they just charge reasonable transparent hourly rates. I cannot believe the financial services industry is allowed to continue the way it does, with financial planners selling basically whatever the highest commission is on the day and many mortgage brokers…[Read more]

They may very well redirect comissions back to the client – this is only because they are making money another way – perhaps a fat fee upfront?

I don’t know anything about these folks but please make sure you do your due diligence before using them.

Cheers,

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

Comments may not be…[Read more]

A very liberal rule of thumb that many folks use is that neg cashflow = growth. This doesn’t always apply but it gives us the idea that some folks aim for cashflow and some for capital growth.

To get both would be the ideal but perhaps a mixture is more achievable!

Cheers folks,

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

Listen mate,

Don’t try to do the legwork yourself – find someone with a good grasp of the lending market.

You need to get a broker onto this who can find you a loan.

Ask friends and family for a referral or ask people here for someone you can talk to.

There are so many products out there that you just need to find someone who has a broad range…[Read more]

Most commercial beer is carbonated with CO2 in the same manner as soft drinks?

Is an interesting subject!

Cheers,

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

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 am with you Mel.

Cheers,

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

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 don’t believe those claims about coke. I think it is an urban myth – nor do I drink much of it either!

I will bet you a carton of beer that it will dissolve neither a t bone or a nail. Lets test it with the nail as I hate to waste a good t bone!

Cheers,

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

Comments may not be…[Read more]

-Is I.O the way to go when still paying off my house ?

Absolutely!

Cheers,

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

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

Kay,

It isn’t just the size that represents finance difficulties. It is the fact it is a serviced apartment as part of the hotel.

I am not saying it is impossible – just that it isn’t as straightforward as other residential investments.

Also be aware that in a large complex there will always be a number of units on the market. This usually…[Read more]

These things always look attractive at first glance. Understand they are selling them for as much as the market values them! They will be hard to finance and the guarantees are only worth the strength of the company behind them.

All the best,

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

Comments may not be relevant to…[Read more]

These properties are getting harder and harder to find – but people still seem to be finding them!

Many borrowers are locking in their rates as also many are not. There doesn’t appear to be an immediate threat of a rate rise – lets see what this week holds tho!

Rents haven’t risen much recently and I am starting to hear that they are slowly…[Read more]

Originally posted by Celivia:
Yes Marc, I have noticed that also.

I haven’t seen Acey for days, and Simon (Mortgage Hunter) and Richmond are quite quiet too!

Hmmm [hmm] I wonder where they have disappeared to!

I am back folks!

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

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

The clue is immediately apparent in the title, then just apply that visually.

There is little mathematics involved.

I prob got it as I am literal minded with little imagination lol.

Cheers,

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

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

I think the brokers who were actively marketing it on the basis of a possible high court decision will be the ones most upset about it.

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

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

Clinton,

The issue will be the overseas income.

You need to get onto a broker ASAP who can get the research done and start the ball rolling for you.

There will be no additional costs if you use a mortgage broker.

Cheers,

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

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

Clinton,

That loan is pretty standard. Most banks have a construction loan with those facilities.

Will you be settling on just the land first with the construction being organised later or are you buyine a house and land package?

You even have the depoosit for a LODOC if required.

Cheers,

Simon Macks
Mortgage…[Read more]

What is the situation that you find yourself in that you need private money?

I have some lenders but will need some info before I know who to refer you to.

Cheers,

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

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