I left home at 17 as did my wife. Didn’t harm us too much. I went into the service of our country and Jen went off to the big smoke to attend Uni . Although I dread the thought of my 9 and 11 yr old girls going – I am sure that after enduring the teen years it will be quite welcome.

We also have discussed the idea of having an IP set aside for…[Read more]

I was reading today that ANZ are now more positive on inner city apartments – they feel the downturn is mostly finished.

Can’t say I agree but it was interesting.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

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

Run from this broker. This is basic day one stuff he is getting wrong!!

Any loan being used for producing income will be deductible regardless of being regulated or not.

You have no choice if you are moving in – regulated. Then forget it as it will never have an impact on you.

The ANZ Package is OK but it really depends on your needs as to…[Read more]

As long as they are not on title.

There are safer ways for your parents than them being guarantor. Banks aren’t real keen on it either.

Most brokers will be pretty experienced in setting this up for you properly.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be…[Read more]

When you apply for credit the application is recorded on your credit file. When a loan, credit card, store account etc is approved it is also recorded.

It is very easy for the banks to check once you have completed an application (the application gives them the authority to check).

You can check yourself at http://www.baycorp.com.au. You can buy a…[Read more]

Often it is an issue whereby the Mortgage Insurers wont approva a deal that would otherwise get through. They are much stricter than the lenders.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

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

Life is rarely black and white Rob. I have noticed that in the most dire situations people lock onto all sorts of things to focus on – I wonder if it is a protective mechanism.

I am sure that Allen’s situation was very tough for him and still is.

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228…[Read more]

You need to work on a 20% deposit and this will cut the Mortgage Insurers out of the loop.

On a $50K income you may well be able to buy a home for much more than the range you describe – but I would need to ask a few more questions to get a feel for the upper limit!

If you can transfer the debts to your partners name then you will not need to…[Read more]

That is what I meant about the Perm…if you are selling in a shorter timeframe then you would be much better off without the deferred establishment fee (break fee).

Cheers,

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

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

It is hard to provide advice without more information on your situation. I would normally recommend IO unless this property is going to be your only ever purchase.

I would also steer away from fixed for such a short term project as this but would counsel you not to expect too much capital growth in the Newcastle market in this time frame.

Be…[Read more]

I agree with Dazzling.

I now have some time to expand on my earlier post.

If you wish to invest in property you will get the best possible finance deal if you have a 20% deposit saved over a 3-6 month period.

To commit all of your income to paying out debt is good but what then?

You sit back happy that you are finished the debt and then either…[Read more]

Actually I quite agree with the last post. I have found that nothing defuses a person like that like being overly kind to them. Really takes the wind from their sails and makes it even harder for them to continue being mean. Sometimes people need drama in their lives and if they don’t have it they create it.

Tomorrow morning tell him he looks…[Read more]

I agree with MY – People love BIS however in my limited experience they are usually way off.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
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]

I don’t know much about this…but my first thought is that colouring the render would last forever whereas painting might give you a regular expense of repainting?

What did he say about this?

Cheers,

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual…[Read more]

Pr,

I don’t disagree but my point is far simpler.

Many people point to successful, non-formally educated people like Bond, Gates etc etc and also quote Kiyosaki etc. I admit that there are many people who will be successful in spite of not having a degree. I also believe there are one or two who will be successful because of not having a…[Read more]

I would tend to prefer the opposite – depending on your exact situation.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
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 think the number of uneducated people who do very well is actually quite low compared to the majority.

People who do very well regardless of education seem to have something that most of us lack. Drive, imagination or something less tangible.

I think I would rather be educated and comfortable than uneducated and less comfortable off.

Off…[Read more]

Where are you?

Simon Macks
Residential and Commercial Finance Broker
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.

If you think the market has peaked and will drop you can lock in your profit without selling and incurring sales expenses and CGT. Then incurring purchase costs when you wish to reenter the market.

This method only works if you plan to hold for the long term. So that any falls in value wont be realised.

Simply done. All you need to do is top…[Read more]

I have never met Richard but he would have to be pretty good looking to beat Rob. Rob is some sort of inner city chick magnet.

Simon Macks
Residential and Commercial Finance Broker
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]