Hi Jamie Yes Skyfire was the way I was going to go.After that i am told my 16 year old we will jailbreak it.Sounds like an old 70's movie to me but i am told all good.CheersYours in Finance

Same seems ridiclous although i am no tech expert.Thankfully i have teenage kids to help me with that.Just a matter of finding them on a good day.CheersYours in Finance

Ok thanks Terry.Bought the wife an Ipad for our trip to Canada in a fortnight so she could Skype the kids. Cant even get PI.com loaded in as it requires Flash and cant seem to find an acceptable alternative. She wanted Ipad so it could go with her iphone. Wish we had gone the Galaxy route now.CheersYours in Finance

Terry yes depends. We have rolled over a couple of nurses into SMSF (Suprised as Qld Health is almost broke) but teachers are a wee bit harder.Public servants dont even bother.CheersYours in Finance

PFrankyIt will vary from lender to lender. Some lenders will offer maximum 5 years other will go to 15 years straight off the bat.In most cases we find that on expiry most lenders will roll the IO period over subject to satisfactory conduct and all other matters being equal. Like everything there are lenders that lean towards investors and l…[Read more]

Not sure why you would want to suggest a client go lodoc when they have said they have 1 years Business Return.Lodoc post NCPP is aimed at clients who havent done their returns not clients who cant get the numbers to meet lenders serviceability.CheersYours in Finance

Terry he also has changed his name on a couple of posts hence i have reported the posts.Me things Ray or whatever his name is has finger in many pies.On a separate matter. How did you download Flash Player on your Ipad. Did you use Cloud or similar?CheersYours in Finance

Ray, Registering for GST is not based on having an income of $75K + but having a Gross turnover of $75K+ and there is a big difference.CheersYours in Finance

Regretfully Terry even post Howards Choices legislation certain Governement employees are restricted and cannot set up their own SMSF and have their employer contributions directed towards their own fund.Some employees allow you to transfer the majority of your Employer Super Fund balance to a SMSF and as long as you retain a minimum amount still…[Read more]

Hi JoshWelcome to the forum and i hope you enjoy your time with us.Hate to say a Financial Planner is not legally able to provide you with Credit advice unless they are Licensed to do so as this is the domain of us mortgage brokers.Yes in the main when calculating your servicability a lender will take your net income and add upto 80% of the…[Read more]

Absolute pleasure Ben.Great to have really nice clients like you and Jac on board.Makes the whole job really worthwhile.In regards to IP 2 Ben some good regional buys around. Nothing to stop you thinking about interstate which certainly could be a wee bit cheaper than Qld at the moment.CheersYours in Finance

Only thing that was abolished was Deferred Establishment Fees as Jamie mentioned.You still get charged a Settlement fee with most lenders on the way on and on the way out.Break costs on a fixed rate loan are totally separate.CheersYours in Finance

As Jamie mentioned exit fee and fixed rate break fee are two totally different things.Dont forget in addition to the break fee they will probably charge a Settlement fee if you leave them.So much for Swanny wanting to provide competition and make it easy for borrowers to switch lenders.All that has happen is that many have merely said we will…[Read more]

PfrankySure happy to recommend my Conveyancer as she has done 1,2 or even 202 transactions for me over the years.Details are:  CSM Conveyancing – Leonnie Dixon6 / 82 City RoadBEENLEIGHQ   4207  Ph: 07 3807 2233 (office)Fax: 07 3807 3841   Email – ldixon.csm@westnet.com.auTell her i sent you and she will probably put the phone down, no only joking…[Read more]

Hi KpWelcome to the forum and I hope you enjoy your time with us.Happy to refer you to an excellent Accountany based on the Northern part of the Gold Coast.Shoot me an email and will give you his details.As Jamie mentioned a good investment orientated Mortgage Broker can give you advice on how much you can borrow and how you can structure the…[Read more]

Great in theory buying below market, reno and pull out the equity to buy again but not always possible.Whilst Nathan uses Westpac for his deals they would be in the lower quartertile of lenders when it comes to serviceability and most lenders and certainly both mortgage insurers will not allow equity to be extracted on a regular basis.There are…[Read more]

No problems just sent Kate.CheersYours in Finance

Unlike to get too many lender go above 90% lvr but 95% is possible if you have a good track record with your lender.Trouble is it wont just be the deposit but also the acqusition costs and the extra LMI you might have to also find.CheersYours in Finance

Call me old fashioned but would anyone use $40K of their own cash savings to cover the acquisition costs when they could sensibily gear this and have the interest deductible.I am not sure ravenhard fully understands the loan structuring concept so would strongly suggest you get a Broker to work thru the numbers with you and explain what can and…[Read more]

Hi PeterSorry been flat out so havent had as much time as i would like to visit the forum and answer posts.As Terry mentioned wont be any Tax issues having her as Co-borrower or Guarantor as this dictated by the Title ownership and not the loan. Like the CBA many lenders are going the route that they wont allow a Guarantor to increase income and…[Read more]