Why don’t you post some more detail here and see what the forum members can advise.

Don’t be too hasty to sell.

I hope it all works out,

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

Jonathon,

Don’t race out and sell your properties. Maybe add some cashflow ones to balance the portfolio.

Best of luck,

Simon

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

Go for it. But agree on some ground rules in case circumstances change.

Also you need to ascertain whether you are both entitled to the fhog and if so you need to set it up so you can gain the max advantage from it.

Cheers,

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

I will be there.

Walking distance from my place.

Cheers,

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

At the end of the day you need to sleep at night.

Cheers,

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

You could do it yourself for a few hundred dollars.

In a few days too.

If you don’t live in Darwin then combine it with a tax effective break from work!

Cheers,

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

Still a bit cool of an evening. I think a BBQ would be best for an afternoon or a pub on a weeknight for a beer and a feed and maybe another beer…

HG – you started this so make the decision!

Looking forward to it.

[8D]

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

All good ideas. Your call.

If you do sell then consider putting the money into an offset account. Avoid this happening again []

Cheers,

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

Afghangirl,

The best suggestion I can make if for you to visit a finance broker or email one from this forum.

They have an intimate knowledge of the intricacies opf the different lenders and will very quickly identify which lender may be able to help best.

Saves you a lot of legwork and most don’t charge for this service.

Cheers,

Simon…[Read more]

Elysium,

Please forgive me if I have offended you. That was meant to be friendly advice not a suggestion that you were less than honest. I worded it badly as I often do. My fault entirely.

But spreading misinformation? That is a little harsh isn’t it? [] Everything I have written is true. They are auditing and requiring three months…[Read more]

Populations under 10 000 can cause problems with some lenders – this is not a show stopper though as there are other lenders who do not consider population size and lend at normal rates.

Cheers,

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

I am willing to offer my BBQ and back yard – I am in New Lambton.

But it would have to be soon as my wife has exams in about 7 weeks and noone wants to be around her when she starts stressing [!]

Otherwise lunch at a pub would be cool too.

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

You can borrow up to 95% if your income allows. You will need to pay Lenders Mortgage Insurance which might be around $3500 – 4000.

Cheers

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

SPOT ON DAVID.

Well explained too. Better than I could.

Cheers,

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

Count me in.

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

Picja,

Give them a call mate – I did. The fee is not for LMI. These loans are not mortgage insured.

Bet you a beer!

They also advised me that the 2.5% mustn’t be gifted. We didn’t discuss the FHOG so I will take your advice on that one.

Unless the St George lady got it wrong [] Give her a call on 133 555.

Actually the fixed rates on this…[Read more]

quote:
I would re-finance the townhouse and inject the extra funds into your new house, remembering that interest on an investment is tax deductable but interest on where you live is not…

hope it helps

Jason.

This is wrong. It is the purpose of the loan that determines tax deductability not the security. So if you borrow to put into your…[Read more]

Scremin,

Of course Stuart is right however if you are teaching at the moment and teaching when you return some lenders will accept the fact that you are in the same industry. Provided that there isn’t too big a break in continuity then you will not have too many problems and will not need 3 or 6 months.

One particular major lender will only…[Read more]

Weatherboard homes require painting every ten or so years depending on the quality of the paint.

They also may need work on the stumps or piers.

However if work is needed then it is not usually too expensive.

Cheers,

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

Mike,

Well in a nutshell, all the expenses of owning the property inc interest are tax deductable.

The rent you receive is taxed.

Basically if it makes a profit then you pay tax on that profit and if you make a loss then it is deductable.

This has been simplified a lot but I guess it answers your question.

Cheers,

Simon Macks
Mortgage…[Read more]