In the main 7.25% on both existing & new debt but there are a number of differences in the interpretation.

Odd second tier lender still working off actuals for existing debt but a dying breed.

Cheers

Yours in Finance

Hi Chris

Firstly welcome aboard and hope you enjoy your time with us.

0-130 is a great read especially as you start out but I think even Steve would agree that those strategies that applied when the book was first written have changed considerably over the years.

Regretfully even with the strongest will in the world no lender will allow you to…[Read more]

Hi Mel

Matter of working out the structure you currently have, what you want to achieve from the refinance and then what your future goals are going forward.

What we often see is a client with a mass cross collateralised mess and this can often take a while to undo but with an appropriate choice of lender and correct structure it can set you on…[Read more]

Hi Danny

Good to hear you don’t charge a fee to your clients.

Can we confirm that is for established homes as well as knew property?

Cheers

Yours in Finance

Hi Michael

Welcome to the forum and I hope you enjoy your time with us.

Might be slightly biased but I would look at Brisbane.

Market here is just starting to kick along nicely.

Cheers

Yours in Finance

Hi Barlow

Happy to send you a couple of interviews i have done with a number of publications which might give you some insight into how to build a portfolio.

I have used a number of strategies over the last 25 years which enabled me to build a unencumbered portfolio with a value in excess of 40M.

Cheers

Yours in Finance

Hi Steven

Option 2 is certainly doable and interest rate would usually be higher than the interest rate on the first split if you are going IO on split 2.

In saying that you may find you can improve the rate on split 1 be refinancing to compensate for it.

Cheers

Yours in Finance

Hi Lolo

Sure my email address is on my signature.

Cheers

Yours in Finance

Tycoman you join the forum in 2016 and then post your 2 replies 2 years later……

Cheers

Yours in Finance

Wow never seen a post with so many maiden posters all endorsing a company with their first and only post.

Even more amazing is the time between the posts.

Cheers

Yours in Finance

Hi Ho

No he is limited to what he can buy even if he is a Director of a Company being a non-resident.

Yes that is possible however there other considerations including Stamp Duty and CGT to be considered.

Cheers

Yours in Finance

I think what Jsoe is referring to is selling the property at a favourable price to a related party i.e Sister.

There is nothing to stop you selling the property at any price however if the sale was done on favourable terms (Substantially less than the market value) then the State Govt may require the purchaser to pay stamp duty on the deemed…[Read more]

Hi Hung

Welcome to the forum and I hope you enjoy your time with us.

If your friend is a Non resident he will be limited to what he can purchase and will require the approval of the Foreign Investment Review Board.

Nothing to stop him being a Director of an Australian Company as long as there is 1 Director who is a permanent resident but this…[Read more]

Hi Hung

Welcome to the forum and I hope you enjoy your time with us.

If your friend is a Non resident he will limited to what he can purchase and will require the approval of the Foreign Investment Review Board.

Nothing to stop him being a Director of an Australian Company as long as there is 1 Director who is a permanent resident but this…[Read more]

Hi Mack

Welcome to the forum and I hope you enjoy your time with us.

Until recently we operated a Investing Mentoring service for new investors and in 2004 pledged to make 100 x $1M property millionaire’s which we successfully achieved some 9 years later.

If you would like a PDF copy of article i wrote for the API magazine shoot me an email and…[Read more]

Hi James

Welcome to the forum and hope you enjoy your time with us.

We work with a lot of First Home Buyers using a blended loan being a personal loan for the deposit & traditional finance for the balance of the purchase purchase.

There are a couple of lenders that specialise in providing Gap Finance so as long as you have regular income and…[Read more]

Hi Harri

Which part of Brisbane are you based in.

My firm is based in Milton and we cover all areas whether it be legal advice, financial planning, mortgage broking or Accountancy.

Certainly happy to offer you some appropriate advice.

Cheers

Yours in Finance

Hi Simon

No not uncommon and is merely because of the “cash out” component.
You have obviously declared the funds are for “future investment” and the lender wants to see where they are going to be invested.

Had to sign off on 2 this week alone for a couple of our clients both who were doing a larger “cash out equity” deal.

Cheers

Yours in Finance

Hi Simon

No not uncommon and is merely because of the “cash out” component.
You have obviously declared the funds are for “future investment” and the lender wants to see where they are going to be invested.

Had to sign off on 2 this week alone for a couple of our clients both who were doing a larger “cash out equity” deal.

Cheers

Yours in Finance