My solicitor did this to me as well and the figure was well over $2K. He said there wasn’t much we could do. I asked him to pay it and he said no but that he would chase it for free.

He suggested we write a letter of demand to the other solicitor and threaten to take them to court, however he also said if that didn’t work we better give up – I…[Read more]

I am tempted to abuse my moderator powers and ban you for that awful joke [blink][whistle]

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@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]

Some thoughts.

We use our breakfast bar every morning for brekky and also whenever we are giving the kids a quick feed before sports etc. All other meals are taken as a family in the dining room.

I do mos of the cooking and would be hate to be shut off from the family in a seperate room.

Have a think if you are selling the house then a…[Read more]

Originally posted by foundation:
Originally posted by Mortgage Hunter:
No reason why he shouldn’t let you draw some funds from the home loan to put in a fund like Platinum which has always had 20% + pa profit? (600% growth since 95)Hey, steady on. Perhaps I’m nit-picking, but the only Platinum fund I know of that has returned 600+% over 10 years…[Read more]

Originally posted by westan:
Hi Caroline

i also want to say i disagree with Simons comments, your “value” as a stay home mum can’t be understated.

Janine, my wife has been a stay home Mum and on one income we were able to successfully create financial independance. And I was working as a school chaplain on a reasonable low income (compared to…[Read more]

Can you get a job as well?

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@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.

Maybe they told you that you needed to be on title?

No requirement for a mortgage. Your granny can give you a property and you would be entitled to the FHOG. ***Poor example here. you need to purchase the home. but no mortgage is required.***

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70%…[Read more]

This sounds bizarre.

ATO is not involved with the FHOG.

You don’t need a mortgage at all to qualify.

I suspect someone has made a mistake here.

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

Jenny,

What do you want to achieve with an advisor?

Would you rather pay fee for service or a comission based fee?

What level of experience do you have?

Are you interested in all asset classes?

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

Comments may…[Read more]

Originally posted by Anitamarshall:
oh my goodness – what a nightmare – i think that is advice that people should get from their accountant not a broker – if we just stick to finance advice that is better for everyone concerned.

Anita Marshall
Advanced Finance Solutions
http://www.advancefinance.com.au
anitamarshall@bigpond.com

Are you qualified to…[Read more]

I am sure most brokers would trip over themselves to help you refinance – I know I would [biggrin]

Firstly consider checking if your current lender will refinance to IO for you. If they have decent products then this may well be your easiest, fastest and cheapest option. Consider a Pro Package with them to reduce application fees and use their…[Read more]

Originally posted by hb:
Well on my calculation wezwaz is closer to the mark…..
if you bought a $400k property in victoria on 40k deposit,
you would pay
Stamp duty on transfer of land $19,660
Stamp duty on mortgage: $1,404
Registration of transfer of land: $1,074
Registration of mortgage: $59
Title search: $13
Registration of mortgage: $59
Loan…[Read more]

Originally posted by eviebear:
I am about to start research into buying a property in Sydney. Where is a good place to start? Are there any favourite websites or companies who offer advice, not only on where to find the best loan, but about EVERY aspect of buying ie: suburb profiles and research, First home buyers grants, legal contract info,…[Read more]

Jessica,

If those two guys can’t do it then I suspect noone can.

Keep us posted.

All the best,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation…[Read more]

Originally posted by reidpg:
Sound like a good solution Terry. I missed out on the FHOG because the first place I bought was an IP and it still hurts me. Have to think if the government is going to give you money to buy a property then “grab that cash with both hands and make a stash” – some old Pink Floyd lyrics there – ok i’m showing my…[Read more]

I recommend IO loans for all my clients buying investment properties and use them myself.

Good plan.

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation…[Read more]

If you have a low income spouse then a high yield account in their name would be effective also.

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation…[Read more]

Dave,

I would use it to reduce any non deductible debt or home loan debt.

Or I would use it to buy another investment. Perhaps some shares or managed funds or as a deposit on another IP.

Paying off deductible debt is my least favoured option.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70%…[Read more]

Originally posted by penguinchick:
I have townhouse in Brisbane leased by DHA for last 9 years. Last “Independent “market rent evaluation came at $270 p/w, other townhouses in the same complex are rented for $310. It would cost me $350 to object to their rent valuation. This was going on each year, valuer never included townhouses in this complex…[Read more]

You can get the FHOG if you are buying a home. You need to occupy that home for 6 months starting within the first 12 months in order to qualify and keep the FHOG. You will also get a SD exemption in some cases.

If you rent the property out you can claim any repairs that keep the property at the standard it was when first rented. So if the HWS…[Read more]