As Jamie mentioned the serviceability model amongst lenders varies considerably especially where you hold other investment properties.Some lenders take a percentage (traditionally between 75-80%) of your monthly rent others take 100%.Some lenders will make an adjustment given the negative gearing others will not.The variables are just too many to…[Read more]

Terry it is not relevant but it makes good advertising.CheersYours in Finance.

The CBA Misa account is not fully transactional so in essense not user friendly.In my opinion you can do better.CheersYours in Finance

Premium home loan: Save $700 (application fee waived until 31/12/2010) Currently 6.70% life time discounted variable with no application fee (includes 1 standard Val up to $220 inc gst) No Annual Fees No Monthly Fees No Break Costs Extra Repayments Option of a 100% Offset available with our Lite Direct Transaction Account $3.99 monthly fee Free…[Read more]

Funny i was going to say  Rams or The Dragon.All owned by the same big brother Westpac so doesnt suprise me.CheersYours in Finance

Cathy, it come in lower for a reason ……probably wasnt worth that much.Ask the Selling agent to pay for another valuation and see what he says.CheersYours in Finance

Nil unless the package is overpriced.CheersYours in Finance

Advantedge charge an extra 0.15% loading on vacant land and during the construction phase.Wouldnt be too hard on your Broker as it is a good product maybe something that you didnt want given the rest of your circumstances.Vacant land doesnt limited your choice.CheersYours in Finance

Who is the Lender ?CheersYours in Finance

Why would you pay down the principal rather than merely deposit the funds into the offset account.i would switch the loan to Interest only.This gives you flexibility as well as protecting the tax deductibility of  the interest.P & I with xtra repayments gives you little to no room to move.CheersYours in Finance

Or even better NAB direct and $900 exit fee in first 4 years.CheersYours in Finance

Have you considered a Shared Equity Loan?Fairly strict criteria but excellent option for the right client.CheersYours in Finance

MccozI think the Advantedge product is an excellent product and it is 1 notional repayment with Fastlend (Choice may have their own policy variations)In saying that if you are wanting to sell within 3 years and exit fees are a consideration i can think of better valued products.CheersYours in Finance

Many lenders do require this many dont.Not sure who the lender is but i think i can figure a guess.Had a loan for a client approved today with a DFT and Company Trustee and standard 6.55% vairable rate, No application,valuation fees etc. No requirements for Adult Beneficiares to sign Deed of Trust and no legal fees to assess the Deed. be suprised…[Read more]

Course that assumes that the vendor or another potential investor is prepared to buy / sell you the property on these Terms.CheersYours in Finance

As Terry said no point in doing a "cash out" for a deposit on another IP and finding your new lender uses the same mortgage insurer.Your Broker should be able to advise who uses who ?CheersYours in Finance

Sure email me a copy of the Title Search and i will put it up to them.CheersYours in Finance

Yes but they charge 16% per annum.

Mal Sorry to hear about the redundancy.Hope you find something soon.CheersYours in Finance.

Exactly as Terry says.If the interest rate is greater than the housing rate then you will just claim the interest the same as you would with any loan that is for investment purposes.CheersYours in Finance