Hi SharonHate to say unless you have a half decent deposit the interest on a $369,000 loan will more than $550 / week let alone a P & I loan.You say that you are unable to get finance thru a traditional lender due to having an overdraft but in small business this is normal and as long as you have a good savings pattern or sufficient deposit then…[Read more]

Hi MichaelSounds to be like you have been using the wrong Broker as there is absolutely no difference whatsoever.If you are PAYG then the lender will take your Gross income work out the applicable Tax rate and work your serviceability from there.If you self employed then lenders will take your net taxable income, add back any wages that relate to…[Read more]

KayteeTell the selling agent your finance has been approved subject to the kennells being removed prior to settlement as the valuer made comment on them.

GOM wanna drop me an email.

Burns would you like to give us some information and maybe we can offer some further advice.

Crest drop me an email i am sure i can assist.

emej they will say they can do nothing.We could apply to have it removed for Ross but costs around $1500-$2500 and takes about 6-8 weeks.

Yes there are a couple of firms Nationally who advertise their services to this effect but as i state is still not that easy.A judgement or default can only be removed if the correct proceedure was not followed under the Act.You dont just rock up at the reception of Vodaphone with a bunch of flowers and ask the receptionist if she could sign a…[Read more]

Assuming the unit forms part of a strata plan then the roof will be the responsibility of the Body Corporate.As long at there is sufficient funds in the sinking fund and each lot has the same number entitlements you shouldn't be in for any additional expense.

Lalibella i think you will find it is oly SA that wraps are not allowed in however normally Lease Options would be used here.

Yes there are lenders that will lend on the gross realisation of the completed project however one issue i can see is that when you knock your current house down for a period of time you will only have the land and this may well be worth less than the current mortgage.This will make lenders nervous however as anything without more information…[Read more]

Hi MichaelDepending on the level of bad credit you might find it almost impossible to get financing for such a project.There are so many variables and without knowing more it is too hard to provide you with an answer.

Yes wraps can be a great way to go (god should know i have done enough of them) but like with anything in life your own circumstances change and your'e requirements change with this.You might start being quiet happy with the cash flow but then as time goes by want some capital growth or a combination of both.Wrapping can be time consuming and…[Read more]

HendrickBefore you rush in and spend your money have you obtain some specialised advice in relation to buying in a Company / Trust name as whilst it can be a ideal structure it is nor for everyone and there are a few disadvantages.We have financed 101 forum clients in a variety of entities over the years but say to all of them make sure you…[Read more]

bambamI wont comment on whether i believe you can sell the property now as i assume you have spoken to the OSR. As far as i am concerned it is 6 months in the first 12 months.Now how you on sell the property (assuming you dont wish to sell it in the open market) doing it by some form of rent / buy, instalment contract, License to occupy will var…[Read more]

Sorry Emej78 regretfully it is not as easy as that. You need to contact the company who listed it, obviously pay the debt, and speak to someone about lifting the default.Whilst Veda might show the default as being repaid it wont be removed from your record.Banks wont touch a Part X for a minimum of 2 years so would be only be a non bank lender.

Yes there are.

Probably would need to be less than a 80% lvr and at least 12 months.

Yes depends on the level of bad credit you are referring to.

You may also want to check out the rules of the FHOG as if you purchase and use your FHOG your partner will not be elligble.