PropertyInvesting.com | Mortgageman | Activity https://www.propertyinvesting.com/members/mortgageman/activity/ Activity feed for Mortgageman. Sat, 11 Apr 2026 17:42:22 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 8dc35808dd1c1668b8daef16941f2546 Mortgageman replied to the topic Accessing equity for my first IP in the forum Finance https://www.propertyinvesting.com/topic/4398096-accessing-equity-for-my-first-ip/#post-4613075 Thu, 17 Dec 2009 22:57:24 +0000 Hi Brad,Also keep in mind if you borrow more than 80%, you will be up for mortgage insurance, so it would be preferable to keep your borrowings below 80% wherever possible, as this is a big hit for borrowing a relatively small amount extra. Kind Regards,Cameron PerryPerry Financial StrategiesPh (03) 9662 1999cameron@perryfinance.com

]]> 8d13e359eedb42913366209b12adea55 Mortgageman replied to the topic Accessing equity for my first IP in the forum Finance https://www.propertyinvesting.com/topic/4398096-accessing-equity-for-my-first-ip/#post-4613071 Wed, 16 Dec 2009 09:01:37 +0000 Hi Brad and welcome to the forum,The way the bank has suggested you structure the loan is basically correct, however it would be advisable to split the loans into two facilities on a stand alone basis rather than have an all in one loan of $280k. This is because you don't want to give the bank  too much control over what you are doing in the…[Read more]

]]> fbcd90bd911a08870fab9bf179d2f789 Mortgageman replied to the topic Premium Finance in the forum Help Needed! https://www.propertyinvesting.com/topic/4393286-premium-finance/#post-4587863 Thu, 22 May 2008 04:28:04 +0000 Very interesting first post.Kind Regards,Cameron PerryPerry Financial Strategieshttp://www.perryfinance.com

]]> 3b67c2990cd4383d43e7968982237c5e Mortgageman replied to the topic Finance for overseas property. in the forum Finance https://www.propertyinvesting.com/topic/4393270-finance-for-overseas-property/#post-4587703 Thu, 22 May 2008 01:59:42 +0000 Hi Go Coastal,In which country are you looking? Generally the best bet is dealing with international banks like HSBC who have a presence there. Also, how much are you looking to borrow?Kind RegardsCameron PerryPerry Financial StrategiesLevel 13 / 30 Collins StreetMelbourne VIC 3000Ph: (03) 9662 1999Fax: (03) 9662 2044email: cameron@perryfinance.com

]]> af1d86a666e4deed4988492e98bcce65 Mortgageman replied to the topic unit development in the forum Finance https://www.propertyinvesting.com/topic/4393150-unit-development-2/#post-4586601 Tue, 13 May 2008 02:41:31 +0000 Hi Alastair,Purchasing the development site should not be a problem with that much equity injected. However obtaining the development finance would depend on quite a few factors, such as your own experience, the margin on the project (according to valuations), the builder used, pre-sales etc. What is the estimated cost of the build?  In terms of…[Read more]

]]> 84417d15d4632ab239ea876ebb66829a Mortgageman replied to the topic Virgin Money not taking off this time. in the forum I think this has more to do https://www.propertyinvesting.com/topic/4393078-virgin-money-not-taking-off-this-time/#post-4586335 Fri, 02 May 2008 02:04:56 +0000 I think this has more to do with Macquarie stopping lending than any issues with Virgin the company, as the Virgin Money product was just a re-branded Macquarie loan. Regards,Cameron PerryPerry Financial StrategiesLevel 13, 30 Collins StMelbourne VIC 3000Ph (03) 9662 1999Fax (03) 9662 2044

]]> ff23f614373e69a9324669c9c1e7bb00 Mortgageman replied to the topic New to Development in the forum Help Needed! https://www.propertyinvesting.com/topic/4392535-new-to-development/#post-4583789 Tue, 04 Mar 2008 02:37:54 +0000 Hi Tuggerwaugh,As Kum Yin says, the first step would be to look at the zoning for the property, which will determine the minimum size for blocks to be subdivided into. Next, I would chat to a planning consultant about what you might be able to do on the land given its current zoning. If it is possible to subdivide, or perhaps re-zone the land,…[Read more]

]]> f0c97028439902b44d8713d411d20ca4 Mortgageman replied to the topic Is there any house/townhouse/unit in Vic for 300K? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392527-is-there-any-housetownhouseunit-in-vic-for-300k/#post-4583754 Mon, 03 Mar 2008 03:15:32 +0000 Hi Blaze,I think you would have to look west if you want that price within 10kms of the CBD. Maybe Altona, or some parts of Footscray and the surrounding suburbs you might get a town house or villa unit for somewhere around $300k. You would have to go a long way east or south of the city to find townhouses for that price. Kind Regards,Cameron…[Read more]

]]> 7c880c6560f12e6b23b2be23c272f02c Mortgageman replied to the topic Calling any extremely helpful and knowledgable mortgage brokers in the forum Finance https://www.propertyinvesting.com/topic/4391493-calling-any-extremely-helpful-and-knowledgable-mortgage-brokers/#post-4577521 Tue, 18 Dec 2007 06:50:30 +0000 Hi Dhillon,I am based in Melbourne and would be more than happy to have a chat if you want to speak with somebody local. Kind Regards,Cameron PerryPerry Financial Strategieswww.perryfinance.comPh (03) 9662 1999Fax (03) 9662 2044 

]]> 5872e8f60556e861999b0d78a8f8ed70 Mortgageman replied to the topic Financing Commercial Property for Investment in the forum Finance https://www.propertyinvesting.com/topic/4391048-financing-commercial-property-for-investment/#post-4575447 Mon, 08 Oct 2007 02:08:29 +0000 Hi Hari,I would suggest you speak to your finance broker rather than go to LaTrobe (I'm assuming your first loan is with LaTrobe), as there may be a more appropriate lender. if you are looking at buying a commercial property, you will need to have at least 25% deposit plus costs. Kind Regards,Cameron PerryDirectorPerry Financial StrategiesLevel…[Read more]

]]> 64f6c6c57d431829260e0da59fe043d1 Mortgageman replied to the topic Structuring the renovation business? in the forum Help Needed! https://www.propertyinvesting.com/topic/4390956-structuring-the-renovation-business/#post-4574887 Fri, 28 Sep 2007 06:48:13 +0000 Hi Bronte,If you are not too far from Melbourne, I can recommend Guest's Accounting services who are our accountants and are fantastic. Their number is 95097033, ask for Morry Kalkopf. Crashy,Financing through new companies is fine if the directors are earning a wage as Brontes partner is, as this can still be used as income for servicing.Kind…[Read more]

]]> 6027d0ab24a102ccaecceec2e0075f10 Mortgageman replied to the topic relationship problem in the forum Help Needed! https://www.propertyinvesting.com/topic/4390964-relationship-problem/#post-4574915 Fri, 28 Sep 2007 01:57:40 +0000 Hi Fiona,In response to your question, yes there are low doc and no doc products that would enable you to get a loan, but your husband would not be able to be on the title. In terms of your serviceability, I have to disagree with the other posters on here, I think a $300k loan is well within your capabilities, particurlarly given your strong cash…[Read more]

]]> b296a3e34bb9a6ad9bf646b9974c9635 Mortgageman replied to the topic Taxi PLate finance in the forum Finance https://www.propertyinvesting.com/topic/4390871-taxi-plate-finance/#post-4574498 Tue, 25 Sep 2007 00:16:43 +0000 Hi BMW330Ci,The future income from the taxi plate can be used to service the debt so it doesn't necessarily matter that you can't service the loan right now, although you would have to demonstrate a capacity to service the existing debt as well.  It is basically the same as if you are buying a business. There is no way you would be able to do a t…[Read more]

]]> 8ecf4a21395fd31698b93ddc5f9421f6 Mortgageman replied to the topic Taxi PLate finance in the forum Finance https://www.propertyinvesting.com/topic/4390871-taxi-plate-finance/#post-4574495 Mon, 24 Sep 2007 02:22:38 +0000 Hi BMW330Ci,Hard to say what the rates would be as they are priced individually, but 8.5% would probably be at the lower end. It may be possible to do 65% or even 70% LVR under some circumstances so the amount you have to put into the deal is no problem at all providing you get a decent price. The servicing can come from the future income from…[Read more]

]]> b31910c319f90930b3c397745c6338ff Mortgageman replied to the topic rejected loan! in the forum Help Needed! https://www.propertyinvesting.com/topic/4390874-rejected-loan/#post-4574513 Fri, 21 Sep 2007 02:00:54 +0000 Hi Andy, As Richard said this is common for securitized lenders. Take it to a bank, avoid the mortgage insurer and you will get it approved easily with that sort of deposit.     Kind Regards, Cameron PerryDirectorPerry Financial StrategiesLevel 13, 30 Collins StMelbourne VIC 3000Ph (03) 9662 1999Fax (03) 9662 2044

]]> e05774cda08d40f6d033835c17adf29d Mortgageman replied to the topic control over IP in the forum Finance https://www.propertyinvesting.com/topic/4390870-control-over-ip/#post-4574490 Fri, 21 Sep 2007 01:50:55 +0000 Hi D,I'm not sure that I understood your question properly, but if you borrow to buy future properties, yes you will need another approval from the bank at that stage. If you are talking about whether you need any approval from the bank as to putting cash proceeds from your sale towards buying another property, no what you do with your cash at…[Read more]

]]> 3db082b53616e50f5bb519382874c782 Mortgageman replied to the topic Taxi PLate finance in the forum Finance https://www.propertyinvesting.com/topic/4390871-taxi-plate-finance/#post-4574493 Fri, 21 Sep 2007 01:35:46 +0000 Hi BMW330Ci,Yes a taxi licence is commercial security and will be subject to much different rates and conditions than home loans. For a start you would probably be looking at a maximum LVR of  around 60% and the rates will be quite a bit higher than for residential property. Kind Regards,Cameron PerryDirectorPerry Financial StrategiesLevel 13, 3…[Read more]

]]> c35f4ed530f729a3cc29008b8b667b20 Mortgageman replied to the topic Wanting to switch lenders but possible issues with property evaluation figure. in the forum Finance https://www.propertyinvesting.com/topic/4390772-wanting-to-switch-lenders-but-possible-issues-with-property-evaluation-figure/#post-4574075 Thu, 20 Sep 2007 06:46:15 +0000 Hi Joel,That is good that the val was accepted. Through most lenders (not all) you can re-assign a previously done valuation to the lender and have it accepted provided the valuer is on that particular lender's panel. Kind Regards,Cameron PerryDirectorPerry Financial StrategiesLevel 13, 30 Collins StMelbourne VIC 3000Ph (03) 9662 1999Fax (03) 9662…

]]> 5ce843b5e6c7d7f69f64875c85113e5a Mortgageman replied to the topic private lending short term in the forum It is possible to get short https://www.propertyinvesting.com/topic/4390737-private-lending-short-term/#post-4573911 Tue, 11 Sep 2007 01:38:28 +0000 It is possible to get short term private funds at 80% as a straight asset lend, but the rates are up around 10% + and you would be looking at around 2% in set up costs. Kind Regards,Cameron PerryPerry Financial StrategiesLevel 13, 30 Collins StMelbourne VIC 3000Ph (03) 9662 1999Fax (03) 9662 2044http://www.perryfinance.com

]]> bdf7fd306f2972824aeca7bb1891bf37 Mortgageman replied to the topic First Mac No Doc in the forum Finance https://www.propertyinvesting.com/topic/4390567-first-mac-no-doc/#post-4572742 Fri, 24 Aug 2007 04:38:48 +0000 Hi Richard, Sorry I hadn't read your earlier post. It is a bit of a shame as the no doc was a really good product, but the rates are now getting a bit unworkable. Kind Regards,Cameron PerryDirectorPerry Financial StrategiesLevel 13, 30 Collins StMelbourne VIC 3000Ph (03) 9662 1999Fax (03) 9662 2044cameron@perryfinance.com

]]> 6dfd318ad3029a0e1a1ee7f8eada1396 Mortgageman replied to the topic USA - Deterioration of the Alt-A mortgage market in the forum Overseas Deals https://www.propertyinvesting.com/topic/4390388-usa-deterioration-of-the-alt-a-mortgage-market/#post-4571712 Fri, 10 Aug 2007 01:01:44 +0000 Moosehead wrote:
Hi Richard… couple questions from your posts -You say most loans in Australia aren't securitised – this surprises me as I would have imagined a lot of the debt would be in the housing market and secured against property?  Similarly business debt would be secured against assests?  Or do you mean that when the loans are a…[Read more]

]]> 9ec99427abd516521e2edf5c3065a915 Mortgageman replied to the topic Land Deal. Help! in the forum Help Needed! https://www.propertyinvesting.com/topic/4390411-land-deal-help/#post-4571809 Wed, 08 Aug 2007 01:58:50 +0000 Hi Chewboonhoe,As Wade says, you need to get some legal advice with this matter. Queensland has some funny laws with purchase contracts, but if you have an unconditional contract I would have thought that was it.  While financing the property with one month shouldn't be a problem,  I read your mentioning of one month to mean that the title on t…[Read more]

]]> 012b8bcbb2774fb3c1aa665e14f39f85 Mortgageman replied to the topic Construction loan delays in the forum Finance https://www.propertyinvesting.com/topic/4390331-construction-loan-delays/#post-4571314 Tue, 31 Jul 2007 07:16:34 +0000 I have to concur with Richard here. Although we are both brokers so the charge of bias is obviously hard to refute,  I've got to say the sweeping generalisation Hutch has made based on his own personal experience is very unfair. Having said that, while RAMS aren't a particularly good lender for turnaround times, six weeks until verbal approval (if…[Read more]

]]> 4d0a35831e504cc329fb5a925a59a17c Mortgageman replied to the topic NAB - LMI in the forum Finance https://www.propertyinvesting.com/topic/4390311-nab-lmi/#post-4571210 Sun, 29 Jul 2007 23:32:03 +0000 Richard,This is the case with ANZ but not with NAB their rates are set regardless of P&I or IO.Kind Regards,Cameron PerryDirectorPerry Financial StrategiesLevel 13, 30 Collins StMelbourne VIC 3000Ph (03) 9662 1999Fax (03) 9662 2044

]]> cf40a02205c0204fd1c066abcfa18f43 Mortgageman replied to the topic NAB - LMI in the forum Hi JSawtell, If between https://www.propertyinvesting.com/topic/4390311-nab-lmi/#post-4571208 Thu, 26 Jul 2007 23:19:56 +0000 Hi JSawtell,If between $500k and $1m it is 2.68%.Kind Regards,Cameron PerryDirectorPerry Financial StrategiesLevel 13, 30 Collins StMelbourne VIC 3000Ph (03) 9662 1999Fax (03) 9662 2044cameron@perryfinance.com

]]> 82c07bc180038a92ed66997a9f9b798f Mortgageman replied to the topic what are the dangers of changing from fixed to variable interest rate. in the forum Finance https://www.propertyinvesting.com/topic/4390237-what-are-the-dangers-of-changing-from-fixed-to-variable-interest-rate/#post-4570897 Thu, 26 Jul 2007 00:46:38 +0000 Hi Hannah,Why don't you just add an extra variable facility on top of your fixed facility against your existing property. This shouldn't be a problem at all and would save you breaking your fixed loan. Under almost  no circumstances should you break your fixed rate under the current environment as another rate rise soon looks almost inevitable. I…[Read more]

]]> 9718aaf6509c65a904bd70db96bdfa09 Mortgageman replied to the topic Getting finance overseas in the forum Hi Post Enterprises, Try https://www.propertyinvesting.com/topic/4390263-getting-finance-overseas/#post-4571001 Wed, 25 Jul 2007 00:48:06 +0000 Hi Post Enterprises,Try ANZ, I know they have offices in Vietnam.Kind Regards,Cameron PerryDirectorPerry Financial StrategiesLevel 13, 30 Collins StMelbourne VIC 3000Ph (03) 9662 1999Fax (03) 9662 2044http://www.perryfinance.com

]]> e239c6d72bbc85094f0f1c3a946ee8d5 Mortgageman replied to the topic Finance Options For a Co/Trust in the forum Finance https://www.propertyinvesting.com/topic/4390247-finance-options-for-a-cotrust/#post-4570930 Sun, 22 Jul 2007 23:38:16 +0000 Hi bjb007,Is the person self employed? If they are PAYG then a couple of payslips would usually suffice. If not, as long as the drafts are accountant prepared then they should be ok, particularly if you are putting in 20% deposit as mentioned. You have plenty of options if you do not want to show financials. I suggest you speak to a good broker…[Read more]

]]> 35fe8752ed27dd152103e8de50b765fe Mortgageman replied to the topic Development Question - Raising capital for deposit to cover development costs in the forum Help Needed! https://www.propertyinvesting.com/topic/4390229-development-question-raising-capital-for-deposit-to-cover-development-costs/#post-4570880 Thu, 19 Jul 2007 05:31:37 +0000 Arranging an overdraft of $15,000 wouldn't be a problem, which could then be increased to $30,000 after 3-4 months. This could be one solution for you, but you may need to do the primary loan as a development loan (rather than residential construction) if you can't demonstrate the full funds to complete up front. Otherwise as you indicated in the…[Read more]

]]> 3f50630d5f20ff16c20090c9d18a5aa1 Mortgageman replied to the topic NEED HELP-Joint Venture Finance in the forum Finance https://www.propertyinvesting.com/topic/4390205-need-help-joint-venture-finance/#post-4570720 Thu, 19 Jul 2007 05:13:19 +0000 I see, but unfortunately there is no way to get around guaranteeing a loan for a property you own short of relinquishing ownership or at least total control of the trust to your partner.For low docs, the interest rate will depend on a few factors, including how long you've held an ABN. If you don't currently hold an ABN you would be looking in the…[Read more]

]]> f7ee1e33138d1319c6ae99dd8f68ee4a Mortgageman replied to the topic Development Question - Raising capital for deposit to cover development costs in the forum Help Needed! https://www.propertyinvesting.com/topic/4390229-development-question-raising-capital-for-deposit-to-cover-development-costs/#post-4570877 Thu, 19 Jul 2007 04:46:51 +0000 Hi t803815,Do you have any equity in other property? If so, you could possibly draw on this.  Also, what is the shortfall for the 20% of construction costs? If it is not too much, a good option might be to take out an unsecured overdraft for the project. If the shortfall is signficant and you are able to get a loan for the construction costs, th…[Read more]

]]> d847d12bdd65703319ec1eb50e35854c Mortgageman replied to the topic NEED HELP-Joint Venture Finance in the forum Finance https://www.propertyinvesting.com/topic/4390205-need-help-joint-venture-finance/#post-4570718 Wed, 18 Jul 2007 06:40:38 +0000 Hi Mike,If you are both on the title and both guarantor's then servicing for both of you can be used. Are you sure that you can't service taking both your's and your friend's situations into account? Why is it that you don't want to be a guarantor for the loan? Also, why is it you are wanting to avoid low doc's? If you have at least a 20% deposit…[Read more]

]]> 4d43b2830ba6c43e0e8821a596030f6d Mortgageman replied to the topic Loan Scenario - Can she get a loan? in the forum Finance https://www.propertyinvesting.com/topic/4390167-loan-scenario-can-she-get-a-loan/#post-4570502 Fri, 13 Jul 2007 04:48:26 +0000 Hi Brizza,How long has this "she" been working in her current job? If she is PAYG and has been working in her job for a decent amount of time she could get a loan, but she isn't going to be able to borrow much with no deposit and a car loan. If her parents were open to it, a family equity style loan with a parents guarantee may be one solution.…[Read more]

]]> 569ab8b19087915351c37751447d53e6 Mortgageman replied to the topic Best Place For Mortgage For Company/Trust Structure in the forum Finance https://www.propertyinvesting.com/topic/4390112-best-place-for-mortgage-for-companytrust-structure/page/2/#post-4570197 Fri, 13 Jul 2007 04:20:50 +0000 Blue Heeler, My earlier point related to the situation where you had a 20% deposit. Once again, this is all a moot point because the product is not available for investment, but nonetheless you suggested taking the equity mortgage product, putting the 20% deposit into an offset account so you are paying interest on 60% of your loan. Lets say the…[Read more]

]]> 41ca9a7cbca8f65bf1447520bb747eb9 Mortgageman replied to the topic Best Place For Mortgage For Company/Trust Structure in the forum Finance https://www.propertyinvesting.com/topic/4390112-best-place-for-mortgage-for-companytrust-structure/#post-4570185 Mon, 09 Jul 2007 06:13:26 +0000 Blue Heeler,No offence, but putting aside the fact that the product is not available for investors, it would be bordering on insane to take an equity share loan when you have a 20% deposit. You have to give away a large percentage of the capital growth which could well equate to an astronomical amount, particularly if you sell after holding the pr…[Read more]

]]> 724a387c6da9afdbdc4ffb5d761cabf4 Mortgageman replied to the topic Borrowing as Guarnator in company & trust names Re: Borrowers limit is not applicable in the forum Finance https://www.propertyinvesting.com/topic/4390000-borrowing-as-guarnator-in-company-trust-names-re-borrowers-limit-is-not-applicable/#post-4569598 Wed, 27 Jun 2007 05:31:30 +0000 Hi Scruff,You need to get yourself a good accountant.Kind Regards,Cameron PerryDirectorPerry Financial StrategiesLevel 13, 30 Collins StMelbourne VIC 3000Ph (03) 9662 1999Fax (03) 9662 2044email: cameron@perryfinance.com

]]> e1690ee254e04d6c81fb115509b8805a Mortgageman replied to the topic Borrowing as Guarnator in company & trust names Re: Borrowers limit is not applicable in the forum Finance https://www.propertyinvesting.com/topic/4390000-borrowing-as-guarnator-in-company-trust-names-re-borrowers-limit-is-not-applicable/#post-4569596 Tue, 26 Jun 2007 04:21:08 +0000 Non recourse loans are available on freehold properties through the commercial arms of most of the majors at 65% max. These loans are typically used for syndicates or unit trusts with a number of unit holders. However, the issue is generally the servicing as for non-recourse loans, the rental income is the only income that can be taken into…[Read more]

]]> 8b3cf5a04729e2a58c99b9d65118141c Mortgageman replied to the topic Financing to increase my property portfolio in the forum Finance https://www.propertyinvesting.com/topic/4389871-financing-to-increase-my-property-portfolio/#post-4569125 Tue, 12 Jun 2007 04:53:37 +0000 Hi Supertedd,As Wayne says, you need to make sure the facility you are in does not incur high deferred establishment fees. It is also preferable that you aren't paying LMI or, if you are borrowing over 80% that the LMI you pay is as low as possible. You should speak to your broker about what you're trying to do and see if they can come up with…[Read more]

]]> a9fe48e32a83cfb3778d9bcc9b1afbb8 Mortgageman replied to the topic I no longer want to be a slave................ in the forum Help Needed! https://www.propertyinvesting.com/topic/4389792-i-no-longer-want-to-be-a-slave/#post-4568401 Mon, 04 Jun 2007 01:12:22 +0000 Hi BJ,Does your PPOR have an offset account? If so, you should be paying everything you can into the offset account or straight into the loan so that you're PPOR repayments are as low as possible. As Duckster said, the key is paying down the PPOR debt as quickly as possible as it is not tax deductible. Kind Regards,Cameron PerryDirectorPerry…[Read more]

]]> e9c75d9354299a6f6a9104736fed622b Mortgageman replied to the topic Benefits of Unit Trust V's Individual Names in JV deal in the forum Help Needed! https://www.propertyinvesting.com/topic/4389799-benefits-of-unit-trust-vs-individual-names-in-jv-deal/#post-4568791 Mon, 04 Jun 2007 00:46:13 +0000 Hi Dobby,One drawback of a unit trust is that it will make it exceedingly difficult to fund your deal as a residential loan. If you used another form of trust, company or your individual names you should be able to get a residential loan for your project, which would greatly reduce costs. Kind Regards,Cameron PerryDirectorPerry Financial…[Read more]

]]> 317cbc49f788ab55fde21f5a1f5c79e0 Mortgageman replied to the topic A question for the mortgage brokers... in the forum Finance https://www.propertyinvesting.com/topic/4389722-a-question-for-the-mortgage-brokers/#post-4568084 Fri, 25 May 2007 02:05:02 +0000 Hi Lizzy,I would try ANZ with that one as they self-insure too now. Good luck with it. Kind Regards,Cameron PerryDirectorPerry Financial StrategiesLevel 13, 30 Collins StMelbourne VIC 3000Ph (03) 9662 1999Fax (03) 9662 2044

]]> 81f10fd94d9cc06bd34b628f77e5afa4 Mortgageman replied to the topic Risk of not mentioning some debts when applying for a loan? in the forum Hi Showbiz, As Simon https://www.propertyinvesting.com/topic/4389563-risk-of-not-mentioning-some-debts-when-applying-for-a-loan/#post-4567500 Thu, 10 May 2007 06:11:32 +0000 Hi Showbiz,As Simon indicates she would be committing mortgage fraud if she failed to disclose her car loan. Something she would be well advised to avoid. Furthermore, the bank would detect the loan on her credit report anyway and she may get in a whole lot of trouble (not getting a loan would be the least she had to worry about). Regards,Cameron…[Read more]

]]> 7a333250e55c3faefce93966e5a0423d Mortgageman replied to the topic Construction Loan awaiting completed subdivision in the forum Finance https://www.propertyinvesting.com/topic/4389526-construction-loan-awaiting-completed-subdivision/#post-4567368 Mon, 07 May 2007 04:38:12 +0000 Hi KPI,Is there any reason you can not use the whole property as security prior to the sub-division coming through? Kind Regards,Cameron PerryDirectorPerry Financial StrategiesLevel 13, 30 Collins StMelbourne VIC 3000Ph (03) 9662 1999Fax (03) 9662 2044email: cameron@perryfinance.com

]]> 33ed400a9c8e83d1de2f52b2444cd387 Mortgageman replied to the topic Subprime Loans In the U.S- Opportunity Knocks for Investors in the forum Overseas Deals https://www.propertyinvesting.com/topic/4389390-subprime-loans-in-the-u-s-opportunity-knocks-for-investors/#post-4566792 Fri, 04 May 2007 01:53:49 +0000 Hi Mark,Some interesting observations, but I really do think your a little pessimistic about the Australian market, particularly with the Melbourne "boom". A lot of the growth in Melbourne has been in the high end suburbs, which I would think would have come from increased prosperity resulting from strong economic growth more than anything. Of c…[Read more]

]]> aec2d712a4f0aeb7e6d39330f28b05c0 Mortgageman replied to the topic How long till i can use equity in the forum Finance https://www.propertyinvesting.com/topic/4389474-how-long-till-i-can-use-equity/#post-4567152 Fri, 04 May 2007 00:24:53 +0000 Hi Breammaster,Have you done any work on the property after settlement? If you have you should be able to have it re-valued higher, but may need to provide some details on what you have had done to the property. If you haven't had any work done it is still possible – during the height of the WA property boom we had a property valued 20% higher…[Read more]

]]> 0e2196f0d03364f5e410a4c0f97dbc5a Mortgageman replied to the topic New to property investing - need advice in the forum Finance https://www.propertyinvesting.com/topic/4387407-new-to-property-investing-need-advice-2/#post-4557453 Fri, 17 Nov 2006 07:32:42 +0000 Hi GalRabbit,

You can actually borrow up to 100% of the value of your property for the taking out a deposit if you wished, although this may not be the most advisable thing to do. Certainly doing as much reading and research as you can will only help you in the long run.

Kind Regards,

Cameron Perry
Director
Perry Financial Strategies
Level 13,…[Read more]

]]> 6bd36c9428b1cadd9c3e8a7ae7e6110a Mortgageman replied to the topic Commercial investment property guide ... in the forum Help Needed! https://www.propertyinvesting.com/topic/4387121-commercial-investment-property-guide/#post-4556165 Fri, 27 Oct 2006 01:38:01 +0000 I can second Michael’s recommendation for Chris Lang’s book. Chris also has a free e-book you can download off his website at http://www.gal.com.au. This will give you a good grounding on how commercial property works. There are a lot more variables to consider than residential property.

Kind Regards,

Cameron Perry
Director
Perry Financial…[Read more]

]]> 25c8793ed4ca8fe7103c10687c2a0fc4 Mortgageman replied to the topic Short term, over 80% LVR? in the forum Finance https://www.propertyinvesting.com/topic/4387046-short-term-over-80-lvr/#post-4555813 Thu, 12 Oct 2006 01:59:07 +0000 Hi Ronald,

Your best bet might be a private lender to come in with a second mortgage over the current loan. She would probably be charged rates in excess of 20%, but as long as the loan was for a short period and you could negotiate very low upfront and exit fees, this could be a viable option. she would need to be pretty sure that the property…[Read more]

]]> 3394b29f8089a6628d295c941e3db99b Mortgageman replied to the topic Lending Criteria for Non Aus Citizen? in the forum Finance https://www.propertyinvesting.com/topic/4387012-lending-criteria-for-non-aus-citizen/#post-4555641 Tue, 10 Oct 2006 02:04:05 +0000 Hi Rav,

If you are not a citizen or permanent resident you will need to obtain Foreign Investment Review Board approval. Go to http://www.firb.gov.au for details of what this involves. In terms of borrowing, if you can justify your income, you could get a regular loan at 80%, or a if you need a low doc, you could get one at 60%.

Kind Regards,

Cameron…[Read more]

]]> 48d1db95a4bdff6d5f5f8dbc00cc548c Mortgageman replied to the topic Leasehold Property in the forum Help Needed! https://www.propertyinvesting.com/topic/4386984-leasehold-property-2/#post-4555552 Fri, 06 Oct 2006 06:26:35 +0000 Hi Paul,

Only a couple of the banks will look at leasehold property and you would most likely be looking at a maximum LVR of 50-60%, depending on the location, tenant, length of lease etc. What sort of commercial property is it? You could probably get a higher LVR through private money, but this would be far more expensive. I hope this is…[Read more]

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