Depends on how you want to use the FHOG. Generally, it would be;

$100000 minus deposit
FHOG for costs

Surplus from FHOG to do what you want with – pay off the loan, buy a tv, whatever.

However it does also depend on what loan product you are applying for too. For Example if it is a 100% home loan, well loan amount would be $100000 and FHOG for…[Read more]

The other thing you could do is a joint venture with an investor. The investor lends you the money and takes a percentage.

picja@eftel.com.au

Generally, the main stream lenders will not lend to you unless you are discharged bankrupt for more than 2 years. However I have found one lender that will look after 18 months. Besides this, to make your application stronger, they would like a higher deposit than what actually is needed and a good credit history since bankruptcy and genuine…[Read more]

This laon should be no problem with equity in your own property for deposit.

The post codes are fine by GE LMI, so can borrow up to 90-95%LVR

Even with a non-conforming lender they are fine – 90%LVR

Sounds easy to me.
I don’t see the problem.
How soon do you want the property to settle?

picja@eftel.com.au

In regards to lenders;
Each lender has their borrowing limit, some higher than others.

In regards to purchasing an investment property;
1) Will this effect your govt benifits?
2) I personally think that you should purchase your own home first, then when you got the equity , use it to purchase an IP. Especially the way the market has gone…[Read more]

I could assist in the hard areas and loans

If you want send some post codes of the troubled areas and I’ll see how they come up.

Is the lenders offerring you the loans a non-conforming lender eg. Liberty, Pepper, Ge etc..?

picja@eftel.com.au

Just need to know post code of area?

How much equity/deposit you have available?

picja@eftel.com.au

You must pay stamp duty
A real estate agent recently went to jail for not paying stamp duty on flip deals.

Siruse

Are you serious? Being Wrapped? At this early stage?

He/She could save the immediate charge of $20000min by wrap investors by just contacting a good mortgage broker,especially one that deals with non-conforming loans.

Just Allan has many options to purchase his own home in his own name saving him thousands$$$$$$.

He may have a relative…[Read more]

When it comes to finders fees etc.. You charge what you think is acceptable and of course what is acceptable to the purchaser.

What about 1% of the purchase price or a flat fee of $2000.

In regards on how to go about it.
Why don’t you get your solicitor to draw up a Deed of Authority, stating the fee etc… with the purchaser to sign, before you…[Read more]

First off; you might be best to send your income and liability deatils to me.
I’ll be able to give you a borrowing power, that should be much higher than $80000, depending on what lenders you have been to.

You will need either 5% genuine savings or 10% deposit (doesn’t matter where it comes from), depending on location and lender.

Secondly; with…[Read more]

You could look at it this way.

The property investors have nearly snapped everything up from the Goldy to the Sunshine Coast and everything in bewtween.

So with this they start looking elsewhere, regional. There has been a few reports saying that Toowoomba,Warwick etc… areas are on the cusp of the property boom. Houses are selling within 90…[Read more]

If your parents are bankrupt, no one will lend to them for refinance to pay out any debts.
They must be at least discharged bankrupt.

Are they going to pay the $180000?

You can purchase the property, even though you don’t have equity, via a gift deposit from your parents.

For Example

Purchase price is $500000
Non-refundable gift from your…[Read more]

I have certainly heard of that.
I have many clients already investing their super in deposits. Earning between 15 – 25%p/a.

Setting up the fund generally requires a set up fee (this is the only fee that your super can not pay for)
Cheapest rate $500, for absolutley everything.

Then their is the yearly audit fee (your super can pay for) Cheapest…[Read more]

In regards to Baycorp (CRRA) you can ring them on 02 94646000.

There are 2 otpions

1) can have it billed to your telephone account $20. You receive your file within 24 hrs

2) Can receive it for free. Will be sent to you within 10 days. Sometimes they require you to send or fax a letter with your request and details.

picja@eftel.com.au

There are other lenders beside the Big4 that lend in regional areas under 80%lvr. You don’t need to stick to the Big4.

Also, one of the Mortgage Insurer’s recently released a national coverage. So, depending on how remote you are talking, will depend on the LVR.

Generally, if your looking in towns with ok populations,not 1 or 2000 you’ll be…[Read more]

Sorry, if I’ve missed you, went for a coffee break[]

I can’t really answer that question. You need to do your own research on the security of the property.

My main concern would be, is it a property that can be rented quite easily, if current tenants decide to move on. Also the potential of selling it. Would it be easy to sell or hard? This is…[Read more]

Loan To Value Ratio

Another words max loan amount, lenders will lend, based on the valuation figure.

$100000 purchase price

LVR 80%

$80000 max loan amount

picja@eftel.com.au

I’m no expert in commercial lending or leases, but the max LVR by most lenders is 66% for commercial loans, to purchase the property.

If Mortgage Hunter has no luck.

Drop us a email

My company is not only a brokerage firm, but also has it’s own home loan. Which means we get to speak to LMI directly.

Post code would assist

picja@eftel.com.au