Hi t23I can see 2 issues.You wont get the First Home Buyers Stamp Duty concession so will need to ensure your existing savings can cover that as you will be assessed at the investment rate and Secondly the FHOG will not be available at Settlement but you will need to lodge it once you satisfy the residency conditions.CheersYours in Finance

Hi TigerNo hate to say NO.LMI is charged at the time and even if you refinance 15 months later you wont get a partial refund these days.Certainly if the property has increased in value the best you can hope to get is that the top up loan is covered under the existing LMI premium.CheersYours in Finance

Hi JcsNo wouldnt know where to start in China.We limit ourselves to Australia, USA and the parts of Europe.CheersYours in Finance

KerrieMy Accountant for the last 15 years is based at Southport and nothing is too complicated for him. (Well if he can do my Tax returns he can do anyones).Steve Hodginson – Partner Gold Business Group56 Davenport Street(Cnr Davenport & Bay Sts)SOUTHPORT  QLD 4215Postal:PO Box 428SOUTHPORT  QLD 4215Phone: (07) 5532 2855   Fax: (07) 5532 456…[Read more]

Yes sorry i am with Jamie and cannot see why the rate would differ if you are self employed.Course this assumes that it is a full doc loan and 2 Years Tax Returns etc are all available.CheersYours in Finance

Hi Markif the sole security of the property is the PPOR itself then the simple answer is No.Must admit i am unsure how you could get 3 different answers when there is only Yes or No lol.CheersYours in Finance

Hi AmandaSent you a response to your email last night.CheersYours in Finance

Hi Audio.My 5 cents worth.Dont waste time shopping around for a regional broker to help you just drop Jamie a line and get it sorted out be a true Professional who knows his stuff.I have seen so many clients come a cropper because they have not structured such a loan correctly.Seem to spend all of my working day these days fixing up the mess made…[Read more]

fredo getting a 50K increase in your income is unlikely to be of detriment to your financial position going forward.CheersYours in Finance

Apologies i read it that the Bank had recommended IO.Terry is correct start to panic with this level of advice.CheersYours in Finance

Under NCCP you are required to advise the lender of any material financial change that is likkely to occur within the next 2 Years so this woulld certainly be the case here.If however you will be on full / half pay then no reason why the deal still cant be approved as long as serviceability can be met.CheersYours in Finance. 

Ok good for once i actually agree with the advice a Bank has given you.CheersYours in Finance

Must admit i would never recommend an LOC for a standalone investment loan.These should be IO Term loans.CheersYours in Finance

Emma Vendor Finance is still regulated by NCCP so you wouldnt get any vendor finance company to do the deal unless you have gainful employment in Qld.CheersYours in Finance

We have just secured a couple of new finance lines with US lenders and maximum lvr is 65%.Due to the demand we wanted to close a couple of deals and now that we have done this we can slowly open it up publically.In FL we can still do 70% but in the main it requires 35% deposit.CheersYours in Finance

Vivy, FYI i am a Director of First Home Owners Group Pty Ltd (FHOG Pty Ltd) who are Qld's largest provider of Vendor Finance so YES i do know what John is talking about.John is not referring to rent to buy or installment finance but simple 2nd mortgage carry back.What i was asking John was whether he was aware of a lender who lend 80% of the…[Read more]

Anthony not an old post was raised on 21 Feb 2012.Yes we set up a lot of SMSF here in Brisbane where the poster comes from but it still cant be done.CheersYours in Finance

Hi both Yes hate to say going with certain lenders will limit your ability to go forward.1% discounts disppeared around 2 weeks and is something none of the main lenders are offering.In saying this i still would argue why you would limit yourself to one of the Big 5 lenders.CheersYours in Finance

Hi MorganYes you are right but if you also check with St George Super Fund Credit Kogarah they will not go to 80% lvr for a new SMSF it is 72% lvr in Orange.Also the SGB fees are as i quoted in the response to you other post not as you suggested being $6000 for the lot.We do 4 / 5 Dragon SMSF deals per month.CheersYours in Finance

Sorry MorganHate to say you are wrong. Whoever has told you you can get 80% in Orange on that sort of loan is misinformed.Also as Terry and I have both mentioned your costs are out.I do 1 or 2 of these deals a week and deal with all 13 SMSF lenders.CheersYours in Finance