Sorry for the late response guys but if we go back to where we were pre Oct 11 you would be looking at around 1% S/ Duty on a PPOR loan.I have all the figures at home and will try and post them later.CheersYours in Finance

JamieWould make you cry if i told you what i costs me to fill up our Z4 we bought last year in the UK at $2.35 / litre +.Convinced my wife that buying it and garaging for 11 months and year and only using it for the weeks we are in Europe was somehow an investment.CheersYours in Finance

And now CBA 40 down bps.Looking better as each goes by.At least next week we will have some sort of gauge as to what everyone is doing.Not that rate is the main criteria when choosing a long term lender.CheersYours in Finance

Hi DannySorry i have to question either the rate of interest being charged on the loan or the structure or manner in which you have the deal set up. If the loan is over 80% then you would incur LMI if you refinanced but i guess it all depends on how much you are paying on your personal loans. You could split the loan to safeguard the Tax…[Read more]

JohnSorry without being funy i think you are missing the thread of the post.There are a few US lenders who will lend to individuals buying in the USA on a residential deal but the questions raised initially was could you borrow from a US lender to buy within a Self Managed Super Fund and the simple answer as Mike has mentioned is No.No US lender…[Read more]

See NAB went down 32 bps this afternoon.At least that is something from one of the majors.CheersYours in Finance

Exactly right Mike and this where it falls over.You wont find any US lender finance such a deal although there are ways to get a Australia lender to do it and comply with SIS but that will depend on your current equity position on your Australian Portfolio.CheersYours in Finance

Whereabouts are you looking Martin ?CheersYours in Finance

Same old story thought 35 bps off what base rate.CheersYours in Finance

Geoff sorry to hear your Solicitor didnt point this out.As Paul has mentioned the FHOG in Qld under a VF Contract is payable 12 months of possession however the other underlying condition is that you have re-paid a minimum of 10% of the Gross Sale Price back to the Vendor. Depending on the interest rate charged and the term of the loan you could…[Read more]

Agree with Jamie the SGB Portfolio product can cause more trouble than it is worth as an IP loan and their service stinks at the moment.Think i would be working backwards:1) What lvr can i get on NRAS. Likely to be between 70-80% max and who can i get it thru.2) How can i raise the balance of my deposit and acqusition costs. Look to refinance the…[Read more]

Hi TbFirstly welcome to the forum and I hope you enjoy your time with us.Personally i would go interest only 100% Offset account or at least IO and have the offset account on your other IP.I will assume that you dont intend to cross collateralise the securities or use your PPOR as security and will set up a sub loan secured against your other IP…[Read more]

MichaelAussie / mortgage choice etc have no greater ability to finding you the right loan than any other individual broker.CheersYours in Finance

I would ask the lender who as indicated they will do the deal as to how they charge the interest and when they will release payment.As each lender is different and we have no idea who it is best to get it from the horses mouth.CheersYours in Finance

I might be slightly biased but with the bigger franchises you are as good as the person behind the desk.As these franchises dont worry too much about the level of experience for their employees you often find that last week they were a plumber and now they are advising on your investment portfolio. As i have said on many an ocassion it makes me l…[Read more]

Yes it is possible.CheersYours in Finance

Alistair my sentiments exactly.Ray seems to think that his local lender will approve the loan without any prior experience and that pre-sales are not a problem (might have to get him to market some of our projects) given that he is in the construction industry so all good there !!Must admit 8.5% seems like a jolly good rate for a first…[Read more]

Hi CouttsYes hate to say she is correct.Most lenders use some form of auto scoring and in many cases there is no course of manual over ridding if the deal is declined.Multiple searches will affect your score along with a myriad of other factors so dont put in application willy nilly otherwise when it comes to the real deal you may find that you…[Read more]

Thanks guys very nice of you.Based in Chapel Hill which is a good 6 iron from Kenmore.Happy to help Jacob.CheersYours in Finance

Ray sorry i dont think you are understanding the process at all.The progress payments will be set by you the Builder.Assume you are at Slab stage you will notify the lender they will undertake a valuation and maybe a QS check and release the appropriate funds. It wont matter if this is month 1 or 3 as interest you will just be charged…[Read more]