That specif scenario doesn’t have enough detail for an answer. $150K income and a LVR under 80% sounds like it should be possible – depending on how much you wish to borrow.

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,…[Read more]

Thanks guys,

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.

They are general, up to a specific figure that you apply for.

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.

Can you explain the reasoning behind your tip please Rebecca?

Thanks,

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 often have OTPs come up from my developer clients.

Maybe I should start a email list for them as they come available?

What do people think?

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]

To make things easier for him get yourself a split in the loan account to clearly show which loan is for the PPOR and which for the IP.

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]

Why are you being advised to move to a LOC?

Is it a broker advising you?

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.

Matt,

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.

Might I urge you to sek preapproval before you offer?

Just avoids another deadline.

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 sold your old PPOR in 2009 and you didn’t own another PPOR you will still pay no CGT.

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 didn’t buy another home then you have until 2010 before you have to pay any CGT.

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.

There are far too many variables and I can’t give you all the answers immediately.

Can you contact me by email?

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]

You lived in the house in 1997? For 12 months?

Assuming you didn’t own another home you have 6 years from when you moved out to sell with a full CGT exemption. If you occupied it again this 6 years starts again.

You will need to ascertain the total profit after all purchase and selling costs.

Pro rata it for the period after the CGT…[Read more]

Of course there is.

What will you be using as security?

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.

Her house landed on the first wicked witch. She was then sent on her quest to steal the other wicked witch’s broomstick. She killed her by throwing a bucket of water on the witch and made her melt.

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]

Current fixed rates are around the 6.99% for five year mark for those considering a change.

I spoke to this lender this morning and they are expecting a rise in the near future. Fortunately they have free rate lock from date of application.

Cheers,

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

Comments may not be…[Read more]

Well done Eski!

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.

You are all familiar with the lady I am referring to.

You will kick yourselves when you see the answer!

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.

You are all familiar with the lady I am referring to.

You will kick yourselves when you see the answer!

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.

Nick,

It sounds really unfair but the fact is the ATO treat the payments in as paying down the loan and the redraw as a new borrowing event.

This is where an offset makes the difference.

Regards,

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

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