She cannot – defacto = married.

Cheers,

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.

I agree with the loan account you wish.

Depending on your marital status with your partner it may be possible to each claim the FHOG, but you need to be careful. ie if just bf/gf then I suggest buying in one name and then perhaps the other can then buy his/her home seperately.

But of course if you are married or defacto then you just get the…[Read more]

Originally posted by AmIHotOrNot:
Sure, but where is everywhwere.

Mate – you need to understand that locations are usually a closely guarded secret by those putting in the effort of finding them. Why would they research and travel then post it on a website full of people looking for those very properties?

In the past these properties have been…[Read more]

You are a good guy Adam.

Thanks

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.

A couple of very impressive replies there.

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.

RDPD was written in an American setting.

Owning property in a company doesn’t add any real benefits here. You need to talk to an accountant about the various different Trusts available for different circumstances.

However other business activites may well suit a company.

As usual seek professional advice.

Simon Macks
Residential and…[Read more]

Originally posted by AmIHotOrNot:
You say in your emial about interets free loans. where did you go.

I am having some trouble following the gist of your question here AmIHotOrNot.

Who are you addressing it to and what is your actual question?

If it is me then I am unsure what email you refer to. And I am still here.

Simon Macks
Residential…[Read more]

Looks like eBay pulled it.

Seems he was asking for a $20K deposit from someone and in return he would buy a home on a main road and let them erect advertising.

Good on him for trying, he just needs to think of a better angle [biggrin]

Cheers,

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

Fair Point Jacque,

In my work I also need a rough guide before I can help people plan their finance. All too often we suspect the worst of REAs but we know there are some very professional ones there. I hope that the end of the boom should shake out the cowboys after a quick buck like it is in my industry.

I have often suspected motivations of…[Read more]

Good Buyers Agents like Jacques are well worth speaking to. They do this sort of thing every day and know all the tactics used by the Agents to milk the last dollar from you.

I am talking to one atm about my next project, reasoning that their costs will easily be covered by the price she will negotiate as well as the time I will save researching…[Read more]

Originally posted by Chris-Syd:

Have you purchase property before in your name or with someone else? If not you maybe able to get the FHOG
http://www.firsthome.gov.au/

If you have you still may be able to get the FHOG too.

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228…[Read more]

Your new lender will have a document for you to sign that they will forward to the old lender to ask to release the mortgage to them.

You should have to do very little.

Cheers,

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…[Read more]

Grant,

This depends on your current loan. Some are portable some not.

Why can’t you top up existing loans to release a cash deposit which you can then take to a lender and get an 80% lend?

Swapping security seems to be adding an extra layer of complexity into the equation and I am not sure why you need to do it.

Short answer – call a…[Read more]

There is just not enough specific info to give any advice.

If she has decided that she can keep it then I suggest she contact her lender or broker ASAP and get it sorted.

Cheers,

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…[Read more]

Originally posted by Nat R:

I think you will find that AISC pushed that guy for more information and he flatly refused to give them anything or even respond with sensible answers (I doubt he had anything to give) and they did the right thing and shut him down.

Nat did you speak to ASIC?

They told me they didn’t shut him down, nor did they even…[Read more]

Anita,

What does this rate revert to after the first year?

I suspect it is 7.32% and you will be locked in for several years.

Do your sums and determine whether a basic variable on 0.5% less is a better deal over your timeframe without the honeymoon rate for year one.

A Choice Package may do even better.

If your broker has good contacts in…[Read more]

Anita,

That sounds like a plan to me.

I would warn you against using lenders like Wizard too often. Because they are securitised lenders they mortgage insure everything – even tho you only pay LMI over 80%.

This means you are raising your exposure to the LMI companies.

Eventually they will start to say no – and LMI, when you really really…[Read more]

That is certainly what Derivex claimed happened. But in hindsight I don’t know whether it was ever going to fly.

However, I also don’t know the CEO motivation for all the effort he put into it either. He certainly wasn’t trying to get money from the public. Even the application cheques weren’t cashed.

Cheers,

Simon Macks
Residential and…[Read more]

Originally posted by yack:
Whtaever happened to derivex eh

[exhappy]

I doubt anyone knows for sure. You will get plenty of speculation though none of it founded on anything but emotion and wishful thinking.

I don’t even know myself and I was involved for a bit.

Cheers,

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

Anita,

Looks like you have a couple of brokers not after a piece of anything right here.

ANZ have good products. I just find there service at application frustrating. I suggest you stick with them if you can.

Try a major lender rather than Wizard is my advice – but I don’t really know your situation enough for anything…[Read more]