Personally Yes i believe they will next Tuesday.Now do i believe lenders will pass the full cut on …..thats a different matter.Whilst we havent necessarilly reached the bottom of the interest rate cycle by some way we might have seen a bottoming in the mortgage rates being offered. If not now certainly in the next few months.CheersYours in Finance

Hi JacksyFirstly welcome to the forum and I hope you enjoy your time with us.Congratulations on taking the first step to acquire an IP.Structure is one of the keys ways to ensure that you maximise your own cash resources and keep the funds flexible in case circumstances should change in the future.Whilst certainly a principal & interest loan could…[Read more]

Michael has done an excellent job of answer your points but just to clarify on the only point he wasnt 100% sure.1. No your SMSF cannot buy a residential property and you rent it from the fund irrespective of the purchase price / market value etc.Course if the property was a Commercial property and the Company then rent it off the fund that is…[Read more]

Just ask him or her why they recommended such lenders and post it here and we can comment for you.CheersYours in Finance

Sorry to hear about your current position JackDi.Maybe Erin will come back to answer this one or maybe it is a matter of the valuers being more conservative than they used to be.I think i would be getting independant legal advice as quickly as possible.Why not contact TerryW and ask his opinion.CheersYours in Finance

As Michael has mentioned both lenders have their pluses and minuses but it all depends on what you are after.Citibank have an excellent Fixed rate but if you go interest only there is a 0.15% loading so not ideal for an investment loan.Rather than fix the entire loan you might look at fixing part of the loan and if this is the case there are some…[Read more]

Dont forget to deduct any Capital Allowances she has claimed on the property from the Cost Base as you would be suprised how many people dont realise this.May not be a great deal depending on how long she has owned the property.CheersYours in Finance 

Josh, totally agree with you and this is exactly what we are finding.CheersYours in Finance

Really a Bank being difficult now thats a first at the moment.CheersYours in Finance

Michael, private family lender with private family terms and ways of calculating everything hence my answer.2 + 2 doesnt always = 4.CheersYours in Finance

Joe sorry has nothing to do with the maths has to with the mortgage terms.5 + 5 normally equals 10 but could be soomething else if + has an alternative meaning.Without seeing behiind the scenes and understanding the letter of offer you will never now the answer.CheersYours in Finance 

Ok answeredCheersYours in Finance

Ok the variables are untold.Which lender is with and is the loan variable?CheersYours in Finance

Hi JoeWithout seeing the loan statement i hate to say there are so many variables it is not true.Does the lender charge interest daily and debit monthly, is there an offset account attached. Is it a 100% offset acccount and If so does the interest get offset daily or quarterly like some.Does the offset account alter the interest component or…[Read more]

Sorry Erin but living, working and investing in Brisbane and SE Qld i still have to refute your statement as clearly inaccurate and untrue.I discuss deals with valuers all day long and i am sorry the facts dont back up that statement dispite throwing the odd out of context media comment into the mix.You go ahead believing that and advising your i…[Read more]

Hi AnthonyFirstly welcome to the forum and I hope you enjoy your time with us.You are right Mortgage Brokers source funds from a panel of lenders and most of us dont charge the client anything for our services as we are remunerated by the lenders with who we deal with (This includes lenders such as CBA etc).All Broker on the forum here…[Read more]

Also what you have to bear in mind that 1% off the SVR with Wesuck is actually higher than 1% off the SVR with the other majors as their benchmark rate is higher.I would be wanting 1.06% discount..In saying all of this it depends on the loan and lvr. At 250K and lvr of say 75% or less you should be getting circa 1.2 – 1.25% discount.CheersYours i…[Read more]

Hi ShellEasiest thing to do is ask selling agent to provide you with a copy of the minutes of the last Annual Body Corporate meeting as this will give you a lot information in regards to the state of the complex, planned expenditure and also the level of the Bank Account in regards to the Sinking Fund.Should be a 6/7 page document but will r…[Read more]

As Terry has mentioned getting a loan past around 65% will be the hard part.Lenders dont like Fixed Tenancies at the best of time and especially when it is over 1 year.CheersYours in Finance

Appreciate the wrap Jac.Promise i will following up your deal first up Monday and report back during the day.CheersYours in Finance