Have the LOC in two spilts and then pay back whichever you need.

All the more important if you use your LOC for non deductible purchases.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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]

Some more:

Friendly fire – isn’t.

Recoilless rifles – aren’t.

Suppressive fires – won’t.

You are not Superman; Marines and fighter pilots take note.

A sucking chest wound is Nature’s way of telling you to slow down.

If it’s stupid but it works, it isn’t stupid.

Try to look unimportant; the enemy may be low on ammo and not want to waste a…[Read more]

You will need to speak to a lender or broker to calculate LMI premiums.

I can give you an indication if you provide me the info.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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]

Thanks mate [!]

It is past 2am and I got to sit up another few hours to read through these []

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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.

Just got a quote to lay tiles in a small kitchen area. 10 sqm – straight lay.

The quote was for $550 with me providing tiles, glue and grouting it myself.

Did it with a mate in less than a day for $100 for material inc tools and $40 for a guy to cut 20 tiles to shape for the edges.

Damm good job too.

I learnt a new skill and saved a packet.…[Read more]

Jason,

I don’t disagree with much that you are saying at all. Add pensions to your list. Disability and single parent pensions are more secure than most jobs but many banks won’t allow them!

Couple of points though…

A higher credit card does equal a higher monthly comittment to a fully approved LOC. This reasonably affects affordability of…[Read more]

The first.

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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.

Are you thinking of a LOC?

Is this an Australian product?

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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.

Check the legislation and you will find that you don’t need to live there for a year to get the FHOG. I think 6 months will sufffice but check for yourself!

As it is your home you will not pay CGT if you sell while you are living there or up to 6 years after you rent it out.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425…[Read more]

You will no doubt receive advice on the wisdom of doing a project with friends.

I will mention ownership and finance.

You need to consider whose names it goes into.

All three so you have each a registered interest?

In the lowest income earners name only so that any CGT is calculated at the most favourable rate.

In the name of whomever doesn’t…[Read more]

I often meet people who are scared out of property investing by these tenant from hell stories. I try to tell them that these are the exception but deep down they know it will happen to them!

I guess it keeps people out of the game who probably haven’t the stomach for it!

cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425…[Read more]

http://www.wildlywealthymen.com/

For those blokes feeling left out []

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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.

Lets have a think about shares for a second.

We have experts solely employed to calculate the worth of companies and hence by simple division the value of a share. Is this reflected in their real worth?

The real worth of a share is shown in the newspaper daily. There is a buyer sitting there with his money where his mouth is and the buy keyed…[Read more]

You generally pay a slight premium for a LOC.

Why not apply for a raise in your home loan with a split so it is seperately itemised.

Draw it as you need it.

If you use a Professional Package then the rate will be under the 6.5% mark. Using a discount lender will see it around 6.35%.

Loss of flexibility I hear?

How flexible do you need it to…[Read more]

James,

They should have been similar.

Email Steven. He is a very capable broker and I am sure he will have the correct figures.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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]

Some people would argue that the only true indicator of value is the actual price achieved on the market.

Following that reasoning whatever the property sells for on the open market sets the valuation.

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

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

As you have found the only option is to take a 80% loan and source the 20% plus costs from another security.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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.

My investment clients generally seek variable loans with the exception of a period late last year when fixed rates appeared cheap – and looking back they were. Today they are still mostly after variable.

Those that do seek fixed generally do so as they are willing to pay a premium for the certainty of a fixed rate. Only you know what that is…[Read more]

Come down on me womenfolk.

I have a wife and two daughters. I am pretty well desensitised to the ill feeling generated by women.

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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…[Read more]

Someone once said:

“A man will pay double to buy something he needs whereas a women will pay half to buy something she doesn’t need.”

[][][]

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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]