PropertyInvesting.com | prospector | Activity https://www.propertyinvesting.com/members/prospector/activity/ Activity feed for prospector. Mon, 13 Apr 2026 18:53:21 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 36a7b464390a08996268b8372bdb5304 prospector replied to the topic LMI tax advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4408017-lmi-tax-advice-needed/#post-4680335 Sun, 04 Nov 2012 09:49:46 +0000 Hi Tom

I havent signed any contracts yet
The finance has been approved and contracts are  in the post to me.
Settlement date is the 20/11/12
I know i am running out of time on this but i still may be able to discuss with anz before signing any thing
From what you say it sounds like i need to get it right to save money and grief down the road.

]]> d6d6fbba14a684e48f6766e00eb43ac3 prospector replied to the topic LMI tax advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4408017-lmi-tax-advice-needed/#post-4680331 Sat, 03 Nov 2012 08:36:39 +0000 No, i wish now i hadnt gone through a broker,they were not very clued up and when i arranged an appointment with anz to discuss the structure, they wouldnt talk to me because i was proceeding with the broker.

Still, i should of done some more homework earlier

Thanks for your comments guys

]]> ba623562beb465110986a1b5274f870c prospector replied to the topic LMI tax advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4408017-lmi-tax-advice-needed/#post-4680329 Sat, 03 Nov 2012 07:46:26 +0000 Hi Qlds007

If i had of put set them up as stand alone would i have had to then pay 20% deposit on the unit cost?

]]> 315cec8c2fc9291e466da14e6bb1116a prospector replied to the topic LMI tax advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4408017-lmi-tax-advice-needed/#post-4680326 Sat, 03 Nov 2012 06:25:02 +0000 Valued at $400,000 by ANZ valuers. yes i do have cash but didnt use it as deposit. I have used the equity instead of paying a deposit
Current loan amount on PPOR is about $312,000

]]> 373c98fbb75681c5eff024c420aa85f0 prospector replied to the topic Question about 2nd mortgage and mortgage insurance in the forum Finance https://www.propertyinvesting.com/topic/4408002-question-about-2nd-mortgage-and-mortgage-insurance/#post-4680216 Sat, 03 Nov 2012 06:10:12 +0000 I am refinanced with anz just to get back into a mainstream bank.I was with Homeloans LTD but their branches had dwindled down to 1 in all of Perth. No atms and only online banking. I purchased my PPOR about 6 years ago.

]]> 976aff52c2de4bbfc99c81f601a209ff prospector replied to the topic Question about 2nd mortgage and mortgage insurance in the forum Finance https://www.propertyinvesting.com/topic/4408002-question-about-2nd-mortgage-and-mortgage-insurance/#post-4680214 Sat, 03 Nov 2012 04:10:01 +0000 Hi guys, i am also new to  property investment and have a similar question
I am refinancing my home and have borrowed for and investment also.
I paid LMI on my PPOR when i bought it, can this insurance be carried over  to the new lender i have refinanced with because with the new property my LVR is up at 87% . I never thought to ask the new lender…[Read more]

]]> f191e50e23879bfe321e69679bda7daf prospector replied to the topic New Investor in the forum Help Needed! https://www.propertyinvesting.com/topic/4406535-new-investor-12/#post-4669414 Tue, 08 May 2012 12:00:14 +0000 Ok Qlds007, thanks for the advice. Could you explain what you mean about the lender doing a credit search and frying my credit scoreCheers

]]> 044f8e55ecb697b0988c1b224f47d49f prospector replied to the topic New Investor in the forum Help Needed! https://www.propertyinvesting.com/topic/4406535-new-investor-12/#post-4669412 Tue, 08 May 2012 10:14:35 +0000 Hey guysThanks for the comments and the links. I think my first step will be to talk with my lender and see how much equity is in my home i am living in now and how much i can borrow against itThis should give me an idea of what price range i am shopping in.Cheers

]]>