No you cannot claim your Super back but you can roll it over to an approved fund in the Country you are moving to.Moving to the Blue Mountains i hate to say doesnt count.CheersYours in Finance

Nothing to stop you starting your own SMSF but going to be limited to the amount of contributions you can make if your emplooyer wont allow you to roll over your existing fund or make future employer contributions into your fund.I recently wrote an ebook on Buying in Super so drop me an email and i can send you a copy.CheersYours in Finance

ssusanh hate to say you cannot withdraw your Super and use it as deposit even under the hardship rules.CheersYours in Finance

So we can see lolCheersYours in Finance

Hey Terry put your teeth back in that's 2 in a row very unlike you.CheersYours in Finance

As Terry has mentioned.In saying this i would be starting to extract equity where possible out of the existing securities and then be looking to secure separate funding for the units etc from a new lenders irrespective of what entity you use to buy them in.Many lenders wont touch multiple units on the same Title and if you intend to keep them long…[Read more]

Hi RachelFirstly welcome to the forum and i hope you enjoy your time with us.Without knowing the actual numbers it is difficult to comment with some authority but i must admit i would be concerned why your existing lender is wanting to charge LMI again as had they done it correctly the first time you wouldn't be up for the additional cost.I spend…[Read more]

Sorry hate to disagree again but failure to disclose is considered mortgage fraud.Rather than tell them "what the want to hear" you "tell them the truth" on your application.CheersYours in Finance

Hi JacMez wont work as the value of the land is less than the current land loan.Tmr initial problem is avoiding having the existing lender wanting a cash reduction given that he has breached the Terms of the current mortgage and their security is dimished.As Michael has said there is often a way as long as the rest of the deal stacks up. No one…[Read more]

MarkBeing a Naysayer and being realistic in the current climate is another matter.Stamp Duty on a purchase for a $350K property are over $13,000. LMI is another $10,500 + S/D.There is only 2 lenders i am aware who doesnt require of that dont require 5% genuine savings although still require to sight the 5% without being borrowed and that is an…[Read more]

I hate to say i dont think you will any chance with only $6000 deposit as the investors Stamp Duty will more than that.Your own costs (based on the fact that you dont qualify for the FHOG) will also be more than $6K.CheersYours in Finance

If you post some further details you might find the odd investor from the forum register some interest.

How much deposit do you have and what sort of purchase price are you looking at ?

Cheers

Yours in Finance

MarkI think from your post you are saying that you have demolished the existing dwelling and are wanting to construct a new property on the site and that the current land value isnt sufficient to cover the existing debt.If i have it right then that will be the case with every lender but if i missed something then feel free to correct…[Read more]

Avest you wont find any Accountant give you advice over the net as you stated foreign investment Taxes are way too complicated.Any Accontant worth his salt is going to want to sit down discuss your situation and then provide some advice and recommendations.Not going be done for cheap over the net.CheersYours in Finance

Hi IntrigueIn most cases both of the mortgage insurers require you to produce 3 months bnak statements showing your 5% genuine savings and this is in addition to any Grant or concession you may receive.Very few lenders offer 95% + LMI so if the lender does not then you would required to show evidence that you have sufficient funds to cover this…[Read more]

Peter No not necessarily i have done many a deal on 1 Years Tax returns.Just going to depend on the rest of the deal especially being mortgage insured.CheersYours in Finance

Hi PeterYes i have 101 self employed clients and to be honest there is no difference to dealing with a client on a PAYG salary.Course i am assuming that you have done your last 2 Years Tax Returns.If not then things start to get a little more interesting.CheersYours in Finance

Hi SMYAppreciate the kind words.Yes i would suggest you get an indication of what you can and cannot do in the way of your borrowing initially from a Mortgage Broker prior to chatting with an Accountant. I receive emails from so many forum clients whose Accountant has told them to establish or set up a particular structure only to find that they…[Read more]

Hi MichaelI feel sorry for you but hate to say it is a story i hear every day of the week and one from which i seem to field calls and emails from forum members just as regularly.As has been said you should be able to get your Broker to order a valuation upfront with comitting to a loan application so thats where i would be starting. At least that…[Read more]

As Jamie said however i am assuming you are also on the loan application?If not it will be considered a 3rd party application and not acceptable.I will assume you understand the implications of having your wife on the loan for potential future lending.CheersYours in Finance