[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

December 3, 2004 - 4:08 am

Originally posted by Aafreen:

Hi Terry,

how about a self employed person with ABN for more than 2 years and same situation as JOsh, (about 40K deposit and no large debts or assets) ?

Could you recommend the best available lo doc loans for this scenario ? Also you said you still declare income on a low doc loan. How do you go about that, what papers/ documents you will need for declaring income ?

thanks

You may get at 6.85% for low doc.

Cheers
PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

Low Doc from 6.85%

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

November 29, 2004 - 3:55 am

have read this before but good one

Cheers
PropertyGuRu [sultan]
Mortgage Consultant
[email protected]

NZ loan pre approval from Australia in 48 hours

Low Doc from 6.85%

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

November 26, 2004 - 12:42 am

Hi Occo,

Welcome to forum.

Do some search on forum. you will find this topic been discussed number of times here.

Cheers
PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

November 23, 2004 - 1:38 pm

As GreatPig has talked about all the trust. best to get hybrid trust. It will cost you about $1300 to set up and if you company as trustee add $1000 more to it.

Cheers
PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

November 19, 2004 - 1:39 pm

There may be limit because of LMI. try to get loan from lenders who don’t use LMI for low LVR.

Cheers
PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

November 19, 2004 - 1:09 pm

It’s not hard to find 11 seconds rule property on the net. Just need to look a bit hard ( may be not that hard for me)

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PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

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November 19, 2004 - 1:00 pm

Originally posted by richmond:

(by the way, $6000 non-genuine savings? please explain)
cheers
r

Genuine savings means one should save deposit from his own salary in the past. this saving should not come as a gift, tax return etc. They just want to make sure that you can save money from your salary.

Cheers
PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

November 19, 2004 - 12:35 am

Hi Steve,

In short lets say you fix your rate for 3 years at 6.5% your interest rate will be 6.5% even if RBA increase the rates.

But if you get variable rates lets say at 6.45% from XYZ bank and RBA incease the rates to .25% your variable rate will be 6.7%. and if they increase again .25% your rate will be 6.95% but your fixed rate will remain same for 3 years ( if you fixed for 3 years)

Cheers
PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

November 18, 2004 - 4:50 am

According to me best structure is Hybrid trust for normal investing.

Cheers
PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

November 17, 2004 - 3:10 am

I think you don’t have to pay CGT for 6 year if your property is prinipal place of residence.

Cheers
PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

November 8, 2004 - 6:21 am

Try this. This is not bank site but LMI which will help you.
http://www.pmigroup.com.au/LocationWizard.asp

Cheers
PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

November 4, 2004 - 6:40 am

New Pic is up there Thanks Rose!

Cheers
PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

November 4, 2004 - 2:04 am

I got few lenders who will do it.

Cheers
PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

November 3, 2004 - 2:49 am

At Borders you can buy for $21.95

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PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

November 2, 2004 - 10:12 am

looks very cute

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PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

November 1, 2004 - 7:09 am

Doreen been sugested to me by Westan I think she charged $750. but she really rings and keep in tough via email etc.

Cheers
PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

November 1, 2004 - 6:24 am

I used Doreen. She was good.

[email protected]
Doreen M. Gardner
Walker Mac George & Co
68 Queen Street
P.O. BOx 18
Waimate

P.O. Box 18
Phone 03 689 8139
Fax 03 689 8475

Cheers
PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

October 31, 2004 - 2:12 am

Try to get “Trust Magic” if you can’t find WealthGuardian.

Cheers
PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

October 29, 2004 - 3:46 am

It’s all depends on your bank and which package you are on. just ring your bank about it. It should not be too much.

Cheers
PropertyGuRu [sultan]
Mortgage Consultant
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NZ loan pre approval from Australia in 48 hours

[PropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502]

October 29, 2004 - 2:26 am

yes you are right.

I think anything related to that property you can claim like accouting fees etc. but interest and depreciation are major one. may be you want to change your loan to Interest only to give your self more cash flow.

Cheers
PropertyGuRu [sultan]
Mortgage Consultant
[email protected]

NZ loan pre approval from Australia in 48 hours