Hi GOM (sorry mate missed that one was processing forum clients deals)Yes emailed Tong the 10 reasons off my website.Sure his mortgage broker will do him justice.CheersYours in Finance

Look i hate to disagree but i dont believe you need to spend $$$$ on over priced courses or ebooks from people who want to sell you something or charge you for so called mentoring.The forum will give you alternative views and a lot of information some of which you take with a pinch of salt depending on who is posting it other can very…[Read more]

Hi MichelleSometimes without being funny your Accountant may not fully understand your position in regards to financing and wealth creation. Sure they may be very good and numbers but buying property and creating equity is a bit different.Lora – If you would like to drop me an email i can forward you the PDF of the article.CheersYours in Finance

Sure be happy to help.Cant help with the redraw but more than happy to help with the balance.Shoot us an email and we can discuss options.CheersYours in Finance

Well if you are a Director of your own Company i cant see why you would expose yourself to further liability.Some recommendations make me scratch my head……CheersYours in Finance

Why did your MB recommend that.My house is in my wifes name and would never put it in my name for 101 reasons.Unless you intend to rent the property out i cant see why you would need to.CheersYours in Finance

Hi LukeLook hate to say that Aussie Broker has probably moved on as their shelf life is not too long.Also i guess the CBA recommendation could have something to do with the bonus commissions they pay. Wonder why so many clients are jumping ship now.Sorry i digress.Your assumption is correct but remember the deposit for the 2nd property although it…[Read more]

PJWhat Terry is saying is you can borrow at home loan rates subject to equity to repay the business debt but really wont do you much good as the interest wont be Tax deductible. In this case you would better of to have a split loan so you can pay down one and not the other.As Terry also intimated if however you could direct income to a Family…[Read more]

Hi JasNormally if they have online access to the mortgage account they should be able to do this online or at least by faxing the Bank a redraw request. Bendigo wont care less what the funds are used for as it is a redraw.As far as you are concerned there are still lenders that will do a construction loan without evidence of genuine savings…[Read more]

Hi MikeHate to say i dont think you will find lenders amending existing loan contracts to let you out for nothing will only be new lending.If the loan is a variable rate loan then probably wouldnt be much to get out of the loan anyway. Fixed rate different matter and not sure i would ever suggest that.CheersYours in Finance

As long as you are aware of the Terms upfront and both agree on the Contract conditions i cant see an issue in taking up VF if you feel you cant get a loan through a traditional lender and are happy with the Vendor holding the Title.CheersYours in Finance

Hi LukeFirstly welcome to the forum and I hope you enjoy your time with us.You certainly seem to be in an good position to start your investing career as long as you are happy renting at home.Normally depending on the type of property you are looking at (whether it be one for capital growth and slightly lower yield or higher returns and less…[Read more]

Mhhh maybe he wasnt stopping long enough to read the name correctly.I mean there are probably some other forums you can visit post 15 advertising posts tonight and move on.CheersYours in Finance

Hi JacquiThere are not many of them but Yes their is the odd lender out there that wont have an issue subject to the overall LVR.You are however correct that each individual loan split will be in all 3 names however you can allocate the account numbers to each unit holder. Of course all parties will still be Jointly and Severally liable for the…[Read more]

Thanks Ben very kind of you.By the way got your email from earlier and I am onto it.CheersYours in Finance

Hi MikeI think this day and age with the advancement of technology most loan applications are lodged electronically so the whearabouts of your Mortgage Broker is really neither here not there.I have hundreds of forum clients who I have never met and realistically are unlikely to do so in the future.These include clients intra / inter state as w…[Read more]

Terry they indeed.Have you seen the latest figures on the take up …… let us just say they werent knocked over in the rush.Another great Govt incentive.CheersYours in Finance

Hi BenDont worry i know the answer to my question but just keen if BJM does and as Paul has mentioned i think you could find these are the slums of the future with the wrong project.CheersYours in Finance

All depends on the rest of the deal.I have do own a property or two and have done 1 or 2 development deals (You read about in the August API magazine if you want verification) in the past……. so know my way around Development Finance.Hard to make a comment when you dont have any information.CheersYours in Finance

Thanks JacMAppreciate the wrap.CheersYours in Finance