Still wouldn’t be able to do so as she is a related party.

Cheers

Yours in Finance

Course the NAB was the first major lenderto increase their interest rates yesterday.

Ask them if they will waive your increase.

Absolutely, your broker has done all of the work and would expect to get paid.

Can’t think of another Profession where you waive your fees if you decide not to proceed. Try that with your Accountant and see what he…[Read more]

Course the NAB where the first to increase their interest rates yesterday.

Ask them if they will waive your increase.

Absolutely, your broker has done all of the work and would expect to get paid.

Can’t think of another Profession where you waive your fees if you decide not to proceed. Try that with your Accountant and see what he…[Read more]

Applying that current logic then blackhotel you are suggesting the variable rate over the next 3 years is going to fall ?

I have to disagree with you. We saw yesterday lenders increasing variable rates by 25 bps out of cycle from the RBA and this is the start of things prior to Basel 4.

Cheers

Yours in Finance

Other consideration is check your Credit Proposal Disclosure as you may still be up for the brokers commission even though you didn’t settle.

More and more brokers are factoring a fee payment in post formal approval in the event you decided not to proceed and the loan did not settle or you repaid the loan in the first 18 months and they incur a…[Read more]

If shoot me an email i can send you a copy of my API article on how i built a $25M unencumbered portfolio over a decade using a variety of cash flow strategies from development to Vendor Finance to Private lending in order to pay down my lending and be able to initially retire from the workforce at 40.

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Yours in Finance

The link relates to Canadian Mortgages so some of the wording might not be accurate here in Australia.

With lenders hiking their investment variable rates you may well find that a fixed rate is more attractive going forward.

Whether it is right for you will depend on a number of factors including your risk profile etc.

Cheers

Yours in Finance

Will depend on the lender and what their policy is.

Given their age they may still ask for evidence of income in order to show they can support the ongoing loan.

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Yours in Finance

Tom, there are additional refinance options we can offer you the difference in these the rate of interest will be higher than you are currently paying.

Reason we went with Qudos Bank was a combination of servicing and interest rate.

I am back from overseas early next week so will come back to you with the lenders who will do your deal and the…[Read more]

Tom, there are additional refinance options we can offer you the difference in these the rare of interest will be higher than you are currently paying.

Reason we went with Qudos Bank was a combination of servicing and interest rate.

I am back from overseas early next week so will come back to you with the lenders who will do your deal and the…[Read more]

Dean it is a scam.

They post on a regular basis.

Cheers

Yours in Finance

If you can’t come up with a 12% deposit then cop the LMI and move on.

Tax deductible over 5 Years or the Term of the loan which is the lesser so you end up getting a portion back.

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Yours in Finance

Because they are ADI’s that fall under APRA wing.

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Yours in Finance

Yes both lenders you mention at present do not adhere to the APRA servicing guidelines.

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Yours in Finance

San you won’t find a property that will be positively geared in Brisbane with a 100% loan.

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Yours in Finance

Robbie yes received your email although as mentioned i am currently in Iceland with limited internet access.

All lenders take a percentage of rental income (usually 80%) due to the fact you have expenses such as Council rates, insurance, strata levies etc deducted before the net income.

In many cases lenders also cap the rental yield at circa…[Read more]

Yes more and more lenders are tightening the noose.

Be surprised how difficult it is to roll over to an interest only loan once your current IO Term expires these days.

APRA is looking at further tightening this and many other areas of servicing when the introduce their new measures in the May report.

Cheers

Yours in Finance

What LVR ?

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Yours in Finance

Sorry Robbie that is not correct lenders certainly consider rental income when assessing your serviceability for future loans.

Many lenders merely take 80% of the Gross rental income and then deduct your usual expenses (assume you don’t have any loans against the properties) and your living expenses.

I built a $30 M unencumbered property on…[Read more]

Don’t get caught refinancing for refinancing sake.

Look to go back to your current lender and do an equity loan.

If the lvr was initially > 80% then you will only end up paying LMI on the increased loan amount.

Cheers

Yours in Finance