PropertyInvesting.com | MortgagePlus | Activity https://www.propertyinvesting.com/members/mortgageplus/activity/ Activity feed for MortgagePlus. Sat, 11 Apr 2026 15:00:02 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e523aa0fd69ba9e842f2a106243a679b MortgagePlus replied to the topic Homestar - has anyone any feedback on this lender? in the forum Finance https://www.propertyinvesting.com/topic/4396110-homestar-has-anyone-any-feedback-on-this-lender/#post-4603310 Fri, 08 May 2009 00:58:14 +0000 The comparison rates you have are incorrect. It is NOT POSSIBLE for the comparison rate to be lower than the ACTUAL rate. The Homestar site has listred these comp rates for a while now, and I am honestly suprised they have not been pulled up on it yet. Also, the rates are very close to ING becaues Homestar just rebadge ING wholesale money. Best of…[Read more]

]]> 3027324c78a9497ec9297a52cf882ca1 MortgagePlus replied to the topic Help with financing a duplex in the forum Finance https://www.propertyinvesting.com/topic/4395334-help-with-financing-a-duplex/#post-4598890 Fri, 27 Feb 2009 03:44:10 +0000 Richard, It sure is. My business partner arranged 100% funding for a commercial project only weeks ago. Most commercial facilities are not considered on a servicibility basis if there is a clear Xit Strategy in place. You just need to have room to cap interest and a revolving GST facility built in. Totally possible. You just need to know where to look.

]]> 7e0f0ab8ed0b7dccfcfc9332fc72c5bd MortgagePlus replied to the topic Help with financing a duplex in the forum Finance https://www.propertyinvesting.com/topic/4395334-help-with-financing-a-duplex/#post-4598888 Fri, 27 Feb 2009 00:01:36 +0000 Bite the bullet and just get a commercial construction loan. It is, after all, a commercial project. You are setting out to build a dwelling for immediate sale and profit. Even though it is only a small scale (there is no smaller project than build one structure and sell it), it will be a much easier way to indicate your intentions to the bank and…[Read more]

]]> 674117cba79b37d26e51a105b1688a49 MortgagePlus replied to the topic Joint names on Security but loan in one name in the forum Finance https://www.propertyinvesting.com/topic/4395488-joint-names-on-security-but-loan-in-one-name/#post-4599695 Thu, 26 Feb 2009 23:49:48 +0000 CentralChoice wrote:
Hi Joyce,I am pretty sure your lender will have an issue with it – if your name is on the title it must be on the loan. However, you can be on the loan without being on the title, just not the other way around.The only other way would be for your husband to "gift" his share of the property to you, eliminating the need to pay…[Read more]

]]> 7f028b69c5bf889503e567dc7eff11e4 MortgagePlus replied to the topic difference between line of credit and redraw facility in the forum Finance https://www.propertyinvesting.com/topic/4395516-difference-between-line-of-credit-and-redraw-facility/#post-4599882 Thu, 26 Feb 2009 23:37:04 +0000 Lucy, The reason you are confused is that the person on the other end of the phone had ABSOLUTELY NO IDEA what they were talking about. All your questions are pretty standard, and you should call your bank back and ask to speak to someone that handles Mortgages on a regular basis, not just the first bank teller that is available. I could spend…[Read more]

]]> a89668c9e08fda256622101113a3f8ef MortgagePlus replied to the topic ATOs required in the forum Finance https://www.propertyinvesting.com/topic/4395544-atos-required/#post-4600048 Thu, 26 Feb 2009 23:28:22 +0000 As long as the figures are all OK and you don't have any defaults etc then it should not be a problem.

]]> 213e4e358ad500852533575bf6df1fff MortgagePlus replied to the topic Me against the broker? in the forum Finance https://www.propertyinvesting.com/topic/4395389-me-against-the-broker/#post-4599181 Thu, 26 Feb 2009 23:26:33 +0000 and I am sure that the Refund broker (that was a plumber or carpenter etc) only weeks ago will be very helpful. The funny thing is Wayne Ormond actually uses that point as a sales pitch when selling his franchises. "I have brokers that are writing loans today, and they were plumbers and Mechanice two months ago". "This could be you" Find a broker…[Read more]

]]> f8c8a11d61288b0a1b0d5aeff190bed6 MortgagePlus replied to the topic Me against the broker? in the forum Finance https://www.propertyinvesting.com/topic/4395389-me-against-the-broker/#post-4599174 Wed, 11 Feb 2009 07:53:27 +0000 As a novice, you have not yet had the opportunity to experience the banks and all their stupidity. The answer to your question is a simple one. Option one – Go with the bankOption two – Go with the same bank, but ues a broker. Now my opinion is biased, but you should consider that if the rates are the same, thd the fees are the same, you will get…[Read more]

]]> 508bc8e7095ad08416ee1035b27ad620 MortgagePlus replied to the topic Best aggregator/wholesaler in the forum Finance https://www.propertyinvesting.com/topic/4374824-best-aggregatorwholesaler/#post-4481475 Tue, 03 Feb 2009 04:20:36 +0000 PLAN does not require that you be a member of MFAA (there is no MIAA). You can also be a member of the FBAA. If your are not a member of either, you should consider reviewing your credentials as  they are almost a 'must have'. I have just joined PLAN, but I have no real feedback yet as I have had only limited dealings with then. Cheers.

]]> 1f599072390d8541196cda3cdbdbaef4 MortgagePlus replied to the topic Loophole in breaking fixed term loan in the forum I think the best you could https://www.propertyinvesting.com/topic/4395286-loophole-in-breaking-fixed-term-loan/#post-4598571 Tue, 03 Feb 2009 04:14:17 +0000 I think the best you could argue if you were facing a big fee is to break down the remaining term, and compare your current rate to the predicted rates over that period. ie If you break a loan today, and you are on 8%, and todays rate is 6%, this forms the basis for the penalty. The result is then multiplied for the remaining term is 2.5 years. If…[Read more]

]]> 1f48e6e2e313149df5a4015b80a2b3ba MortgagePlus replied to the topic Creative finance in the forum Finance https://www.propertyinvesting.com/topic/4395303-creative-finance/#post-4598729 Tue, 03 Feb 2009 04:05:58 +0000 Eugene, Why will you be the only applicant on the loan?If your wife works, it will be better to have her income taken into account where possible. You will have to show her on the application if she is going to be on title. If you do not want her on title, you will have to note her as a dependant anyway, and this offers no protection of the asset…[Read more]

]]> 26182de7fe8cfe702a7a264fd6c46dab MortgagePlus replied to the topic Property Investing Advisor in the forum Richard is right. Sometimes https://www.propertyinvesting.com/topic/4395304-property-investing-advisor/#post-4598733 Tue, 03 Feb 2009 03:59:44 +0000 Richard is right. Sometimes the best advice is free, and the worst is the most expensive. Some of these marketing groups do OK work, but there is a vast majrity that do not. Take your time to do a bit of research yourself, and learn as much as you can . Jump on the net, and look at what is out there. Then go out and seek some additional advice,…[Read more]

]]> b4fdb943eaf9f2a1d2f399b909474bf1 MortgagePlus replied to the topic WA Broker breaking the rules? in the forum Finance https://www.propertyinvesting.com/topic/4395281-wa-broker-breaking-the-rules/#post-4598542 Tue, 03 Feb 2009 03:53:58 +0000 It sertainly sounds like there ia a multitude of things wrong with this transaction. I am pretty sure that the first thing required to be signed in WA is the Finance Brokers Contract and authority to act. Everything elst that follows without that signed is contrary to the finance broking laws of WA. In addition, the above points are excellent ways…[Read more]

]]> 51911d7c4645f497387b0bfdadb26d7a MortgagePlus replied to the topic Property/ Investment "seminars" are for mugs in the forum Opinionated! https://www.propertyinvesting.com/topic/4393369-property-investment-seminars-are-for-mugs/page/2/#post-4588308 Tue, 03 Feb 2009 03:40:24 +0000 Maybe you should man up and tell us all who you are. You need some new material. You have already covered crap website and lives with mum. As outlined, some of us can dish it but cant take it. So, open up and take it. Tell us who you are?Obviously you have no idea what you are on about. Finance brokers have NOTHING to do with APRA. APRA is the…[Read more]

]]> 613e00e132f9dbc0223df3cab879f5ca MortgagePlus replied to the topic Property/ Investment "seminars" are for mugs in the forum Opinionated! https://www.propertyinvesting.com/topic/4393369-property-investment-seminars-are-for-mugs/page/2/#post-4588306 Tue, 03 Feb 2009 01:54:49 +0000 Badger, I am not particulary fussed as to your opinion. Everything you have said in relation to the site is correct. Spot on. It is very low rent, and thats exactly the way it was intended (obviously barring the typo).The fact of the matter is that I put the site up in about 3 hours from start to finish (and it shows). It was intended purely to…[Read more]

]]> a80ee06084883e26eb83768b56e5057a MortgagePlus replied to the topic investment loan vs home loan in the forum According to the current https://www.propertyinvesting.com/topic/4395271-investment-loan-vs-home-loan/#post-4598512 Fri, 30 Jan 2009 11:47:29 +0000 According to the current rules, you can own 10 investment properties and still be eligible for the FHOG. The great is to assist with the purchase of your first owner occupied property.

There is essentially no difference between an investment loan and an owner occuspid loan. It just comes down to your own actions. If you claim the interest…[Read more]

]]> 1b78c0ae89b9689ce30650065f29512f MortgagePlus replied to the topic investment loan vs home loan in the forum Finance https://www.propertyinvesting.com/topic/4395271-investment-loan-vs-home-loan/#post-4598512 Fri, 30 Jan 2009 11:47:29 +0000 According to the current rules, you can own 10 investment properties and still be eligible for the FHOG. The great is to assist with the purchase of your firsi owner occupied property. There is essentially no difference between an investment loan and an owner occuspid loan. It just comes down to your own actions. If you claim the interest charged…[Read more]

]]> 88c5400c277bab3ee75fbcb26b33eb3a MortgagePlus replied to the topic Property/ Investment "seminars" are for mugs in the forum Opinionated! https://www.propertyinvesting.com/topic/4393369-property-investment-seminars-are-for-mugs/page/2/#post-4588301 Thu, 29 Jan 2009 05:35:19 +0000 Badger, you are obviously a pleb, and have likley not held a job any higher than low/low-middle management. Seminars can be useful, when they have accurate content and seek to accomplish a fair goal. Obviously, the goal in most cases is for the organiser to promote/peddle their products or services. That simply must be assumed. That is their…[Read more]

]]> 911e40353d4dde011e0e8b13a0498e61 MortgagePlus replied to the topic 100% Offset Accounts which banks to use in the forum As most of the transactions https://www.propertyinvesting.com/topic/4395265-100-offset-accounts-which-banks-to-use/#post-4598465 Thu, 29 Jan 2009 04:58:21 +0000 As most of the transactions you winn need to perform will be electronic, I would recommend an institution with strong internet banking facilities.Other than that, just make sure you do the sums if there is any kind of fee attached to the account. Figure out how much money will need to be in the account to cancel out the fees, and make sure you are…[Read more]

]]> e457424b3f5e70101411cf615bc72776 MortgagePlus replied to the topic investment loan vs home loan in the forum There is no such thing as a https://www.propertyinvesting.com/topic/4395271-investment-loan-vs-home-loan/#post-4598508 Thu, 29 Jan 2009 04:52:47 +0000 There is no such thing as a 'normal loan'.

You can have an interest only loan on the house you live in, and you can pay p+i off your investment property.

Just based on the very basic summary you have provided, it would probably be suitable to structure your loan in the following way. Take out a competitively priced loan with an offset account,…[Read more]

]]> ba09cf02bd442e9d5c9ce2b8ec3382a0 MortgagePlus replied to the topic investment loan vs home loan in the forum Finance https://www.propertyinvesting.com/topic/4395271-investment-loan-vs-home-loan/#post-4598508 Thu, 29 Jan 2009 04:52:47 +0000 There is no such thing as a 'normal loan'. You can have an interest only loan on the house you live in, and you can pay p+i off your investment property. Just based on the very basic summary you have provided, it would probably be suitable to structure your loan in the following way. Take out a competitively priced loan with an offset account, and…[Read more]

]]> 36ebfc0010a90d1ff26c4a4a6d584c1c MortgagePlus replied to the topic Applying for more than one Pre-approval in the forum Finance https://www.propertyinvesting.com/topic/4395239-applying-for-more-than-one-pre-approval/#post-4598360 Mon, 26 Jan 2009 23:45:31 +0000 The pre approval is basically just showing you have the income to service the intended loan amount. As credit policy and restrictions change almost daily in the current lending climate, your pre approval is not worth the paper it is printed on. Especially without a security property selected. Just find a suitable property, and apply with the…[Read more]

]]> c74ad2ad2ec814516dd1c0de31e14439 MortgagePlus replied to the topic Tax Variation Penalty? in the forum Finance https://www.propertyinvesting.com/topic/4395172-tax-variation-penalty/#post-4597902 Mon, 26 Jan 2009 23:40:11 +0000 Mills, I believe that becoming unemployed would not be something you would be planning for. It would not change the variation too much though, as your main PAYG income is what the variation is applied to  ie no salaye, then what are you varying? You would not be paying tax. If you resume your employment and your annual income drops as a result of…[Read more]

]]> 73dba9c667c686cad9a9926cf5a163fb MortgagePlus replied to the topic ING Direct - anyone used them? in the forum Finance https://www.propertyinvesting.com/topic/4395183-ing-direct-anyone-used-them/#post-4597975 Wed, 21 Jan 2009 05:39:08 +0000 I understand that they are not in favour, and each broker will make recommendations case by caes. Taking into account the international banking climate and the uncertainty that has occurred in the last 12 months, ING's stability in the global makret should be its biggest selling point. It is a very very strong balance sheet funder, and a stable…[Read more]

]]> e08ae29ed2d265348a8664f81de42f1f MortgagePlus replied to the topic ING Direct - anyone used them? in the forum Finance https://www.propertyinvesting.com/topic/4395183-ing-direct-anyone-used-them/#post-4597973 Wed, 21 Jan 2009 01:39:37 +0000 ING are one of the largest banks in the world. Substantially bigger than any of our 'socalled BIG foru'. The products are good, they have a lot of flexibility but the drawback is exit costs. This should not be held against ING, as they write a lot of wholesale business, and the DEF fees are set by the Mortgage Managers to a large extent. Just make…[Read more]

]]> 4cbb2f326fcbb26551f3e3bea847802d MortgagePlus replied to the topic quick query re loan mortgage insurance in the forum Finance https://www.propertyinvesting.com/topic/4395084-quick-query-re-loan-mortgage-insurance/page/2/#post-4597544 Wed, 21 Jan 2009 01:34:10 +0000

]]> be811867f56bcd732c2579c65e6a7590 MortgagePlus replied to the topic quick query re loan mortgage insurance in the forum Finance https://www.propertyinvesting.com/topic/4395084-quick-query-re-loan-mortgage-insurance/page/2/#post-4597541 Mon, 19 Jan 2009 02:24:11 +0000 There is nothing wrong with telling the bank that you have borrowed the additional money. If you wanted to try and get creative, you could just as easily have told them you took out the PL to invest, and declared it on the app form anyway. As long as your income could service all your liabilities, there would have been no problems. When you sing a…[Read more]

]]> 28a39ba8409f16c18935fa72d3f67cb2 MortgagePlus replied to the topic Tax Variation Penalty? in the forum Finance https://www.propertyinvesting.com/topic/4395172-tax-variation-penalty/#post-4597899 Mon, 19 Jan 2009 01:27:18 +0000 Variations are not an exact science, and as such you should be fine as long as you are using accurate information and estimations. I believe the penalties will relate to deliberate manipulation of the figures for your benefit. As long as you are within a reasonable range of accuracy, and you square the figures up at the end of the year, you should…[Read more]

]]> 85be88f955bb9a9b8235d328b1b6d7ab MortgagePlus replied to the topic How Much of a Discount can I get from the NAB? in the forum Finance https://www.propertyinvesting.com/topic/4394886-how-much-of-a-discount-can-i-get-from-the-nab/#post-4596446 Mon, 08 Dec 2008 06:24:29 +0000 I would think you should be able to screw them for 0.6-0.7% without too much drama. If you are not a confident negotiator, try this – Call up and ask for a payout figure, then their retentions team will call and try to give you a better deal. Tell them the competition is offering 'x', and you are very upset. (Prior to this, check out…[Read more]

]]> b33dc1315288700b4d8e0c0be644e00c MortgagePlus replied to the topic ING Reduce Low DOc loan to max 60% LVR in the forum Finance https://www.propertyinvesting.com/topic/4394822-ing-reduce-low-doc-loan-to-max-60-lvr/#post-4596052 Mon, 08 Dec 2008 00:27:31 +0000 I hazard a guess it has come through only certain channels, as I can still place 80% Lo Doc through ING today. The trick is, ING have a tiered ranking system for mortgage managers, and they offer different thing to different companies. If you are not on the top of their favourites list, then you do not get the full gambit of loan products.

]]> 8adb1cc4f14b9c5790381f2d66b8a4ff MortgagePlus replied to the topic Anyone know best commercial rates currently? in the forum Finance https://www.propertyinvesting.com/topic/4394852-anyone-know-best-commercial-rates-currently/#post-4596250 Mon, 08 Dec 2008 00:23:27 +0000 Taking into account the Commercial lending landscape in recent times, the fairest rates at the moment are anything under 10%Focus more on finding a funder that actually has money, and save yourself the unnecessary heartache of valuation fees and application costs chasing the bottom dollar rate. Go where the money is.

]]> eb816d0a7b345ff9c088c0c48a379c7f MortgagePlus replied to the topic What is my borrowing power?!!! in the forum Finance https://www.propertyinvesting.com/topic/4394883-what-is-my-borrowing-power/#post-4596438 Mon, 08 Dec 2008 00:20:07 +0000 Is that a rough ball park figure when I have 3 credit carda and a novated lease coming out of my salary, or without. I prefer to go with Richard on this one, and ACTUALLY find out the figures before hazarding any kind of random guess. The details are what makes it fun.

]]> 280dead99281a3a872de7e96d9b170cd MortgagePlus replied to the topic Firstmac reduces max LVR on Low Doc in the forum Finance https://www.propertyinvesting.com/topic/4394643-firstmac-reduces-max-lvr-on-low-doc/#post-4595189 Mon, 08 Dec 2008 00:17:36 +0000 Loan Ranger, You are correct. They have ridden out the storm, quite deliberately, and they have launched a 3.99% 1 yr Fixed Offste laon off the back of recent Government RMBS purchase. A great way to come back into the market with a bang. FMC have just been treading water for a whild, and being selective about where to utilise their money. Also,…[Read more]

]]> 8a042bd5ca0a3bed29a8924683339a2f MortgagePlus replied to the topic ING Reduce Low DOc loan to max 60% LVR in the forum Finance https://www.propertyinvesting.com/topic/4394822-ing-reduce-low-doc-loan-to-max-60-lvr/#post-4596050 Sun, 07 Dec 2008 23:50:23 +0000 No they have not Terry. There have been LMI policy changes that will make borrowing more difficult for most Lo Doc loans from 60% – 80%, but your statement above is incorrect. Maybe that information was passed on to you via a misinformed party?ING will still lend to 80% LVR, subject to LMI approval. ING will lend up to 60% Lo Doc without LMI cover…[Read more]

]]> 26fdc6b3f1f75cb21fb872b89168146b MortgagePlus replied to the topic What's wrong with Cross-Collateralising? Margaret Lomas describes several benefits. in the forum Finance https://www.propertyinvesting.com/topic/4394804-whats-wrong-with-cross-collateralising-margaret-lomas-describes-several-benefits/#post-4595988 Sun, 07 Dec 2008 23:46:07 +0000 I just wanted to chime in  with my two cents worth. I agree with the well articulated responses above. CC is, and should ramain, avoidable in almost all cases. Keeping your properties seperate shouls always be the preferred option. By doing this, you are not protecting your assets, but you are protecting your position of control over your assets.…[Read more]

]]> 981076f254fa59615a8fddfe8e47d3f4 MortgagePlus replied to the topic Is this low doc loan? in the forum Finance https://www.propertyinvesting.com/topic/4394825-is-this-low-doc-loan/#post-4596066 Sun, 07 Dec 2008 23:30:43 +0000 Syd, Providing you do not have any major credit default issues, then the information you have provided means you can go pretty much anywhere and get yourself a loan. Rather thasn send me a private message, I will just give you some advice for free. Decide if you want to be able to reduce your loan over the next few years. If the answer is yes,…[Read more]

]]> c4537db76740c0eb2898f7a6c23fecf4 MortgagePlus replied to the topic Fixed and Variable Rates in the forum Fixed rates do not https://www.propertyinvesting.com/topic/4394729-fixed-and-variable-rates/#post-4595669 Thu, 13 Nov 2008 07:05:17 +0000 Fixed rates do not necessarily affect variable. If anything, it is the other way around. The banks will have their teams of eggheads locked in back rooms studying what the market is likley to do, and then price their fixed loans accordingly. This allows them to hedge their bets on rate movements. The best thing about them is that they are a very…[Read more]

]]> b380bd832c8d6935d085a9cb4b3dfcf7 MortgagePlus replied to the topic interest rates in the forum Finance https://www.propertyinvesting.com/topic/4394724-interest-rates-22/#post-4595637 Wed, 12 Nov 2008 03:20:29 +0000 I think that the writing has been on the wall for a while, and the debt based economy we have been operating for some time is now becoming clearer to more people. It should be a great help for those in property and finance industries, and I sincerely hope it has the desired effect of more jobs and housing market activity. Bring it on.

]]> 6c4bff719488e0411d096c132a306580 MortgagePlus replied to the topic Interest In Advance - Refinancing Equity in the forum Great post Terry. Well https://www.propertyinvesting.com/topic/4394715-interest-in-advance-refinancing-equity/#post-4595602 Wed, 12 Nov 2008 03:16:49 +0000 Great post Terry. Well backed up and informative. That information should come in very handy to all the brokers and borrowers out there that ues this method, or use a 'Cash Flow' Style loan to run parts of their portfolio. Keep up the good work. Tmi

]]> 128e47759650d248e4d3aa216f44ecbb MortgagePlus replied to the topic Pay the deposit, take it back later! in the forum Finance https://www.propertyinvesting.com/topic/4394686-pay-the-deposit-take-it-back-later/#post-4595465 Wed, 12 Nov 2008 02:47:51 +0000 Duck, You should read more carefully before replying to some posts. The LOC comment above was referring to a LOC on the Investment Property, not taking out a LOC on the O/O to put a deposit on the IP. Also, I am well aware of the reason not to cross colateralise the properties, which is why my comments 'assume' nothing. What I wrote was to take…[Read more]

]]> 820870a8cf97c6834f960892128931f5 MortgagePlus replied to the topic New Financer Wanted in the forum Finance https://www.propertyinvesting.com/topic/4394711-new-financer-wanted/#post-4595583 Tue, 11 Nov 2008 03:40:56 +0000 You may not need to resort to private funding. It all depends on your business operation, Assets, security and cash flow. I would like to assist, but a more thorough assessment would require a fair bit more information. Please feel free to contact me via email if you would like some further assistance. mortgageplus2007@gmail.comAll the best. Tim

]]> 92fd9abe31738ddfb5168333b0e4e4e7 MortgagePlus replied to the topic refund of LMI with refinance in the forum Finance https://www.propertyinvesting.com/topic/4394517-refund-of-lmi-with-refinance/#post-4594619 Mon, 10 Nov 2008 00:33:48 +0000 If you still have a copy of your loan documents, there should be mention of the Insurer, by specific name, in the funds disburesment schedule. The bank would have advanced part of the settlement funds to the insurer, and it will be noted in there somewhere. Look for the form with all the cheques etc, and payments that were made, and the total at…[Read more]

]]> 372843b4e158e319776c25337b4f4a13 MortgagePlus replied to the topic Refinancing in the forum Finance https://www.propertyinvesting.com/topic/4394436-refinancing-10/#post-4594136 Mon, 10 Nov 2008 00:26:21 +0000 80% is old news. Get your head out of the 80's Duck.Re-fi + equity release 90% LVR is no worries.

]]> 264616ff20b224a171df22cdc0a11754 MortgagePlus replied to the topic refund of LMI with refinance in the forum Finance https://www.propertyinvesting.com/topic/4394517-refund-of-lmi-with-refinance/#post-4594617 Mon, 10 Nov 2008 00:21:13 +0000 Genworth <12mths – 40% refund     12mths to <24mths – 20%QBE (PMI)  <12mths – 40%. MGIC   <12 months – 40%You must submit a written request to the funder or mortgage manager within one month from the discharge of the insured oan. Processing can take 4-8 weeks. Good luck.

]]> 9c4dd36e028a31c7702d933e9a8724d2 MortgagePlus replied to the topic Annual Percentage of Property Value Increase in the forum Finance https://www.propertyinvesting.com/topic/4394635-annual-percentage-of-property-value-increase/#post-4595144 Sun, 09 Nov 2008 23:47:19 +0000 Rather than following the apparrent trand of guessing blindly in the dark, much like the advice you just recieved, why not invest in some actual facts and figures. Look at the very useful free sites, like realestate.com.au and domain.com.au, and look at suburb profiles and recently sold properties. DO NOT put any weight in the advertised prices,…[Read more]

]]> 7d56524a2ef30ac6dcc0a7cde88c284e MortgagePlus replied to the topic Trust Finance in the forum Finance https://www.propertyinvesting.com/topic/4394647-trust-finance/#post-4595203 Sun, 09 Nov 2008 23:36:11 +0000 Most lenders will look at lending to a trust in much the same way as an individual, but with a few additional requirements. These being – Beneficiaries will usually have to provide Guarantees for the loan. You will need to provide a trust deedThe trust deed will have to specify the proposed activity is part of the intended activities of the trust.…[Read more]

]]> ee90d686fec2e335b4726c08ba6844a7 MortgagePlus replied to the topic Would it be silly not to re-finance now? in the forum Finance https://www.propertyinvesting.com/topic/4394653-would-it-be-silly-not-to-re-finance-now/#post-4595270 Sun, 09 Nov 2008 23:20:51 +0000 It will certainly be better to break the loan sooner rather than later, as the lions share of the break fees will be worked out on the difference between what you are fixed on, and the current market rates. That means the longer you wait, the more expensive it will get if the RBA drops rates again (highly likley). There might be a middle ground,…[Read more]

]]> ba2121b746dd37a36055f7eed022492e MortgagePlus replied to the topic Pay the deposit, take it back later! in the forum Finance https://www.propertyinvesting.com/topic/4394686-pay-the-deposit-take-it-back-later/#post-4595462 Sun, 09 Nov 2008 23:14:01 +0000 Denise, you are on another planet. Why would you need a LOC for the Investment Property. What transactions are you planning to make other than monthly interest payments?Also, Glen IS actually using the equity in his own property to get the required funds for the IP.Thirdly, I am sure you are not advising him to cross-collateralise the two…[Read more]

]]> ae27bec92bd1abb27fd04b368608605a MortgagePlus replied to the topic Small Development Group in the forum Creative Investing https://www.propertyinvesting.com/topic/4393981-small-development-group/#post-4591719 Fri, 07 Nov 2008 07:03:19 +0000 Sounds like you need to do some more research. If you transfer the properties from the company (or trust) to each individual investor, you WILL pay stamp duty. If you sell down some of the stock at wholesale, you will KILL the future plans to sell the units at market value, as the valuation will rely heavily on the comparable sales. By allowing…[Read more]

]]> 328bb26ee48df95b04d84d75b937d7bc MortgagePlus replied to the topic Will I be able to increase my LVR on a development deal, with 2 out of the 3 properties already sold off the plan? in the forum Finance https://www.propertyinvesting.com/topic/4394206-will-i-be-able-to-increase-my-lvr-on-a-development-deal-with-2-out-of-the-3-properties-already-sold-off-the-plan/#post-4592739 Sun, 28 Sep 2008 23:33:00 +0000 Chances are you will not get the deal through on a residential basis, as it is clearly a development loan. 3 properties is a bit hard to explain away. The pre sales will certainly boost your ability to pick up a suitable finance facility. You could go for a wide range of options, it all depends on what you intend to use your funds for if you don't…[Read more]

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