PropertyInvesting.com | Peter T | Activity https://www.propertyinvesting.com/members/peter-t/activity/ Activity feed for Peter T. Sat, 18 Apr 2026 01:41:32 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 510717547c995ec627bbc49753e932b8 Peter T replied to the topic What lenders use what mortgage insurers? in the forum Finance https://www.propertyinvesting.com/topic/4384515-what-lenders-use-what-mortgage-insurers/#post-4542621 Tue, 21 Mar 2006 15:04:16 +0000 The two main mortgage insurers are GE & PMI, but there are plenty of others as already mentioned.

Some lenders to not mortgage insure, but instead have a ‘loan equalisation fee’ which for all intensive purposes is a similar beast.

I’m curious why you’re asking. A good broker should be able to navigate MI requirements are part of the process of…[Read more]

]]> 24f39aa4d54f79683a884c89bfe4b47a Peter T replied to the topic signing contract "SUBJECT TO FINANCE" in the forum General Property https://www.propertyinvesting.com/topic/4384613-signing-contract-subject-to-finance/#post-4543033 Tue, 14 Mar 2006 11:12:15 +0000 In your finance clause, specify the amount and the lender.

“Subject to finance for $300,000 from Westpac”.

Make sure you specify a due date for the fiance (at least 2 weeks, preferably 3 if they’ll accept it). If you don’t have finace by the due date, or you want to pull out, you much communicate this prior to the cut off.

]]> 80c7d6c8f35b384ab15e97f979332ada Peter T replied to the topic How do you find out rental demand? in the forum No Subject https://www.propertyinvesting.com/topic/4384688-how-do-you-find-out-rental-demand/#post-4543467 Tue, 14 Mar 2006 10:33:46 +0000 The easiest way to figure out what’s in demand is to ask a few rental agents ‘What sort of property can’t you get enough of?’. This has always produced great information for me.

]]> fb74d36da74b7c21743afab67c52c256 Peter T replied to the topic Do you have to pay 10% deposit before settlement? in the forum Help Needed! https://www.propertyinvesting.com/topic/4379732-do-you-have-to-pay-10-deposit-before-settlement/#post-4512567 Sat, 23 Apr 2005 17:09:46 +0000 In NSW I beleive that you are required to put down a 10% deposit by law, otherwise the contract is not binding and the agent can sell the property to another party.

In Vic and WA it’s definitly negotiable.

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