Deleted Post.Got carried away and pushed the Post button twice.CheersYours in Finance

I would agree with Jamie on his suggested strategy.Why not shoot Jamie an email and get him to work some numbers for you.You be suprised as to the varying lending options out there and as a Broker he will be able to come up with something for to suit your needs and requirements.CheersYours in Finance

A Financial Planner or adviser is one in the same. They will both try and sell you a managed fund commission based product and will never recommend property as part of your portoflio.Trust me I am licensed and cant say i have ever come across another Planner who recommends property.In regards to a Mortgage Broker I cant recomend anyone in Adelaide…[Read more]

HI mortsPersonally i dont like to give specific lender recommendations on line as usually more hard data is required. Whilst your wife's income will be used to determine how much she can borrow some lenders may still ask for your income details to show you can service your living allowance, dependants, etc.There are some excellent products around…[Read more]

Hi CheevesSorry have to disagree with you.Yes there are US lenders who will lend to Non Residents.We do a fair bit of US lending for British clients through a couple of UK marketing firms.NCCP in Australia has limited what an Australian Brokers can or wants to become involved in.All about Public Liability and of course Credit Act doesnt apply to…[Read more]

Hate to say if you Broker is telling you that he recommended Macquarie because their exit fees are less than they used to be he is winding you up.As from July 1 2011 no lender can charge an exit fee on a variable rate loan so you would wanting a better reason than that.If it is a good upfront rate then i believe he has limited lenders on his…[Read more]

Hi ggbehFirstly welcome to the forum and I hope you enjoy your time with us.It is a very good question you raise and funnily enough I have a deal on my desk at the moment from a forum member in exactly the same position.Off the plan lending can cause problems when it comes to timing as lenders will want to undertake a final valuation once the…[Read more]

Hi Catalyst you thought you were confused.I am totally confused.You say you are renting at your PPOR. (Is that "at" or "out").If you are currently renting out your PPOR then you wont qualify for the FHOG or SD concession at all.In regards to the FHOG you can actually move into the property one day short of the first year that the property was av…[Read more]

Me thinks that Richard10 who made his 1 and only post back in June 10 praising this company for their wonderful product and services might have been a Company plant.Yours in Finance

Me thinks that Richard10 who made his 1 and only post back in June 10 praising this company for their wonderful product and services might have been a Company plant.Yours in Finance

Income from Superannuation is only Tax exempt once you are in "retirement phase" irrespective of your age (subject to being over 55).You can be 70 and still working and the income earned in your SMSF will still be Taxed at 15%. The fact of being in "Retirement phase" is the important definition.CheersYours in Finance

Hate to say "cash out" is not going to happen with any US lender irrespective of whether the purchaser is you individually or you as an LLC entity.CheersYours in Finance

Hi PatSorry but i hate to say in the US it doesnt work like that.FN loans dont operate on any particular benchmark and will depend on your FICO score.We do a few US loans for British Nationals and at the moment looking at 4.75-5.25% fixed.Good luck in finding anyone quote you being an Aussie National. CheersYours in Finance

Hi OceansYes you have it in 1.The other reason is that when you move out of the property and it is available for rent you preserve the interest deduction on the full loan amount. If you have purchased a new PPOR you can attach the offset account to your next loan.Not every lender offers such a product so make sure your Mortgage Broker is well v…[Read more]

XdrewI saw Sumitomo come into the UK in force in the 80's and they lasted a matter of years.At the time they were the largest Banking organisation in the world but couldnt their head around Uk pecularities.I cant see any non Australian Bank be keen to enter into niche lending unless they have a foot on the ground for a few years.CheersYours in Finance

With the exception of 1 of my Australian IP's the other 39 are all within 10 kms of where we currently live here in Brisbane.I find if you get to know an area like the back of your hand you have a feel for the street and area before you arrive.i like to be a postion where i can drive down a street and recalling each shop or house in a before i ge…[Read more]

Hi DerekHate to say we said that when Bank of China arrived.Within 3 months their lending policies tightened and their interest discounts disappeared.I saw it in the 80's in the UK with the French, Spanish and US Banks who arrived in their droves.Promised the world yet some years most had packed up their bags and gone.I would love to say Yes it…[Read more]

Sorry Pat no chance at all.Chinese Banks have been here for years and their small change is equivalent to the GDP of Japan.They have had little or no impact on the overall borrowing market and in fact rates are higher than local Australian institutions.CheersYours in Finance

I think this will be upto you are the distance you are prepared to travel to a from work.If the property is claimed as a PPOR then you only need to occupy the property for 6 continous months within the first 12 months in order to qualify for the FHOG. CheersYours in Finance

Thats the spirit Kate.Be suprised how many forum members have contacted us since Xmas with the same ideal.I think 2012 is going to be good year for all of us.CheersYours in Finance