I know MY and would have no hesitation in using his services.

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…[Read more]

Appointment with the Gynaecologist.

A Sydney radio station paid callers between $1000 – $5000 for people to tell their most embarrassing stories.

This story netted the $5000 prize.

“I had an appointment with the gynaecologist. On the morning of the appointment I received a call from his office to say I had been rescheduled for earlier in the…[Read more]

Or did you mean NODOC? Now 70% at a standard resi rate.

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.

Actually you do pay it as a landlord.

I get $530 pw for my 5 bedroom home. I furnish the place and pay the bills as well as maintain the garden.

Median rent for this place is probably $260 pw so as you see I am well in front.

This is what students expect when the rent by the room.

They could band together and rent a house cheaper, but that…[Read more]

Depends on the council – Mine specifies that a home for more than 10 seperate adults is a boarding house and must have permission.

Give them a call.

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…[Read more]

She needs to say that she cannot obtain suitable finance.

Her solicitor can help with the exact wording.

The lenders she has approached or her broker should be able to give a letter stating that they couldn’t help.

Cheers,

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

Ozi,

I think you should stick to your instincts and encourage your sister to walk away from this purchase citing her finance clause.

It is not something I would be happy with my sister buying.

Having said that I am not a Financial Advisor and have not considered anything but my own opinion here.[blush2]

Cheers,

Simon Macks
Residential and…[Read more]

I am a real mix.

Mum’s side has first fleeters as well as Sarah with no surname whom we recently found out was an Aboriginal house girl who married a well known horseman in the Mudgee district. Was kept quiet until recently but we are all quite proud of it today! Not that you’d notice with my blue eyes and fair hair but some say they can see…[Read more]

I suspected that your plea for advice was a thinly veiled ad for the property.

I have deleted your posts and several other ads you have posted.

Any further advertising and you will be banned.

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

Comments may not be…[Read more]

Of course you aren’t crazy. As a first timer, if you feel uncomfortable then you did the right thing finding a professional who suits you.

However, generally it is the confident capable broker who charges the fee knowing he is not hungry for business. A potential might exist for your new broker to be keen as mustard but green as grass in the…[Read more]

What the yare trying to avoid is doing al lthe work and then having the client get cold feet and them not being recompensed for this.

Ask them to reword it or even delete it.

A contract is something both parties need to be happy with. If they wont negotiate it then get your finance elsewhere. It is a free and open market.

Cheers,

Simon…[Read more]

Sounds promising to me.

In addition your depreciation should be strong too.

Remember to check the lease.

Is the property in a locations where there is demand for a new tenant if you need one?

Does tenant pay the strata fee?

Remeber to factor in the higher interest rate and the higher deposit requirement.

Cheers

Simon Macks
Residential and…[Read more]

Derek is spot on.

Don’t use cash for deductible debt until you have killed the nondeductible debt.

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…[Read more]

Yes is quite standard in the commercial world.

A lot of work goes into this type of lending and sounds like this broker prefers to deal with people who are serious. Not just tyre kickers.

It would be the same in the residential industry if it wasn’t so competitive. Many residential clients insist on an upfront payment refunded if the loan is…[Read more]

Waz,

This is a high risk area.

These studios are being marketed to Australians with all sorts of promises of high returns and strong student demand.

The truth is that there is an oversupply of them in Auckland and in addition there are less international students studying in Auckland.

Do some searches of this site for some stories on this.…[Read more]

Yes you wil lsave money on insurance wit hstrata but pay a lot more in body corporate fees. Sounds like that agent is trying to talk you into something.

With Torrens title you own the land component – and usually a larger land component than a strata property.

Land appreciates.

Generally a house and land is a better investment however there…[Read more]

Pagan,

As brahms alluded it is not the end of the world.

If each loan is lower than 80% of the property value then your lender should be able to unxcoll them.

I wouldn’t panic however if not.

Cheers,

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

Comments may not…[Read more]

How are they ever going to know the relationship of the occupant? Maybe the uni student can be your “cousin”?

I am guessing that this was done for the DA to build but cannot imagine it would be rigidly enforced – perhaps you need to seek legal advice?

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

You need to speak to some experienced people and use their accountant.

I cannot answer your question – but if you email me I can forward it to some people who do it.

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…[Read more]

Can you subdivide the block and either develop or sell? I imagine this will get you the most gain.

A coat of paint is ver ycheap and can work wonders. Tarting up the kitchen and bathroom, changing to new power points, light fittings and switches also makes the place loom more modern as does sanding the floors.

Are you looking to increase the…[Read more]