PRs do qualify.

See

http://www.mortgagehunter.com.au/first-home-owner-grant.html

Follow the links to your state.

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…[Read more]

I used a terrific designer. If you like my site email me for her email address.

Hosting is cheap too.

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.

Mortgage Insurer is a different entity to the bank. LMI requirements take priority.

You can try another lender who doesn’t use that insurer.

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…[Read more]

Mortgage Insurer is a different entity to the bank. LMI requirements take priority.

You can try another lender who doesn’t use that insurer.

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…[Read more]

There are few fixed rate offset accounts if any.

Fixed rate lending is a whole different kettle of fish.

But the bext of both worlds can be achieved with a cocktail loan if that is what the borrower requires.

Cheers,

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

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

Allen,

The only exceptions I know of are where the house has been an IP before you move into it.

Or if you have claimed part of the mortgage on your tax because the home is also income producing ie home office or renting part out.

Cheers,

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

Comments may not be relevant to…[Read more]

I think you can amend tax returns going back four years.

See an accountant.

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.

Some very attractive rates under 6.5% are available with 100% offset accounts.

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.

It acts like the interest is being charged on $40K instead of $50K. There are other benefits too.

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.

It will cost you the same but he will be getting a cut of the comission. He will be keen to see you buy it rather than you get the best deal.

Offer him an incentive to negotiate really low for you if you think he will be better at it than you maybe [cigar]

cheers,

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

Comments…[Read more]

Sounds like my house except just two daughters. [biggrin]

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.

Cheata,

A quick glance at your figures tells me you can move now.

If I acted for you I would consider topping up one of the loans for a deposit and then borrowing 80% of the cost of the next IP seperately on it’s own mortgage.

Easy enough to set up and you can get the best rates out there – possibly a Professionals Package.

But as the others…[Read more]

Well you need to work out the advantage of the 50% CGT reduction after 12 months and determine which is better for you.

If it is funds you need then you can use the equity in that property to buy the next one if you need to. No need to sell.

Cheers,

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

Comments may not be…[Read more]

Lenders are happy with a recent statement or letter from the agent.

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.

If you have 50% equity in a property then you need no deposit at all – if the numbers stack up OK.

Find yourself an Australian Broker who can work via email and fax with you and have him sort out your finance.

Good luck!

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

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

Many banks expect LMI to be paid upfront.

Not all though as your broker suggests.

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.

IO = Interest Only

It means you aren’t paying down the principal amount. You shouldn’t pay down any deductible loans until the non deductible ones are paid out.

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…[Read more]

Paul,

If the new place is to be your PPOR then change your current loan to IO and start saving a deposit. By all means buy it now using equity but only pay down the PPOR loan.

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]

It depends entirely on your timeframes and comfort.

But for tax effectiveness borrow the deposit as well and pay what you save into your PPOR loan.

Maximise the IP debt and minimise the PPOR debt.

I can explain further if you wish,

Cheers,

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

Comments may not be relevant to…[Read more]

Sandy,

Are you 100% sure you cannot get it on your own?

Please post some detail, conntact a good broker or email me.

I would hate to see you enter into a vendor finance agreement if you don’t need to.

Cheers,

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

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