Well done

Harder one next time

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.

Its a riddle mate…..

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.

Many free seminars are just a sales pitch for the weekend seminar.

Don’t feel pressured to sign on the day to take advantage of the special offer. Go home and think about it. They will give you the offer during the week if you are still keen after a nights sleeping on it!

Let us know how it was in the Guru section.

Regards,

Simon…[Read more]

What year was it built and the building cost?

Is there a depreciation schedule?

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 correct in the lessened term part.

Changing fixed is a lot different. If your fixed rate is above the current rate they will charge you to get out of it. If on the low side then it will be easy enough but would you want to do this?

Cheers,

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

Comments may not be relevant…[Read more]

Steve,

Contact your lender and request it. They will examine your serviceability as when yhe IO term expires the repayments will be higher again as a result of the lessened term.

There will be costs if you decide to change lenders. Only consider this if the savings are warranted or you have another good reason.

Cheers,

Simon Macks
Mortgage…[Read more]

Derek is a very smart property guy!

You won’t go too wrong listening to his opinions!

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.

To use the money for anything else than investment streams of income would deny the deductibility.

Your idea will speed up your savings rate.
It wil lalso increase your serviceability for the next loan.

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]

If you are going to live in the property as your home then you should apply for it.

Check all the rules at

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…[Read more]

Dreamer,

You have a tax problem.

What ever you redraw is seen as a new loan and the deuctibility will be determined by it’s purpose.

If it goes towards your new PPOR then it isn’t deductible.

This is where saving in an offset would have been better as it preserves the original loan.

The only way around this is to transfer ownership of the…[Read more]

Zig zag it certainly makes sense.

I was in DHA homes for years and years when I was in the Army. There are lots of positives for the landlord who needs the additional security that they offer however I would check out the community vacancy rates, the rent you can achieve and work out which is better for you.

DHA will only repaint after 6 years.…[Read more]

Why do you choose DHA instead of the open rental market? DHA is expensive.

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.

Credit union loans should be considered along with banks. I doubt there are any really significant difference with a major CU and a bank.

The smaller CUs generally focus on consumer lending and their property loans sometimes aren’t as competitive.

Cheers,

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

Comments may not be…[Read more]

Les,

In your case it is very much a personal choice. Do you want to pay down the loan or use that portion of the cashflow for something else?

Russ,

Once again it is up to 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…[Read more]

It is possible if you have the equity and you know you can afford it.

You would need to provide more info for specific advice.

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 any investment, financial or taxation decision you should…[Read more]

Diane,

Lets see how we go with some answers.

have read a lot about not using your own money and leaves me wondering about where all the reborrowing leaves you…?? Do you actually ever own the real estate, or just a percentage of lots of real estate??

Well you will own everything less the mortgage. As values rise and with inflation the…[Read more]

I have a client who didn’t regret it as it got him off his backside and he bought some properties.

He is now substantially better off than he was before the course.

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]

Disappeared.

Sorry

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.

Don’t sell yourself short my friend. I have met heaps of members who don’t seem any different to people we meet everyday!

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]

Scenario one. You have 6 years from when YOU move out where you can sell and have a CGT exemption for those years.

Scenario two. The same. Except if you sell within 6 years of you moving out you have 100% CGT exemption if you don’t have another PPOR.

Cheers,

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

Comments may…[Read more]