Depending on some issues( mainly who you are employed by and the available evidence) it may be possible to get to a 90 % lend on the existing properties (with the other owners permission and them also drawing their share of equity) and an 80 % lend on the 4 units on the one title. If the property is a regional security this will have some bearing…[Read more]

Hi DudeFirstly welcome to the forum and I hope you enjoy your time with us.I think if you do it propertly you can have the best of both worlds.I would look to take advantage of the FHOG and Stamp duty concessions whilst they are around and then after you have satisfied the criteria for both look to rent the property out. If you structure the loan…[Read more]

Most Finance Clauses read that the Offer need to be on terms acceptable to the buyer as otherwise the interest rate could be 6% but a 3% application fee and you forced to accept it.

Believe or not since i answer your post i have received another enquiry from a forum client in a similar position so made a couple of calls and think you would get the rate down to around 8.25% after all.

BaluAssuming you are single have no other loan committments etc etc your income would appear not to be too far off servicing such a loan.Most lenders are happy at normal rates after 2 years + so 9 months wont make much difference even on a Part 9.Would need to see your Veda Credit Report to give you a more accurate assessment.

Hi ManoharAssuming you can show serviceability to support the loan then Yes you should get the loan at 75% LVR.With regards to rate without checking would have to be 9% + for a couple of years. Hate to say these sorts of deals can vary by the day so check back in March and I can tell you further.

keikoIt all depends on the deal can be anything from a desktop / driveby to a full valuation.Your Broker should be able to answer that one given the details.

Yes costs are dedcutible from the day the property became available for rent so in this case settlement.

Heh SteveProblem is my wife is the other Director of the Company so technically she owns half and I own half so she tells me that stil makes me wrong.

GOM you certainly can as Terry has mentioned.And not only limited to those 2.

g finDepending on 101 things you might get 90%.

So why dont the Directors provide Personal Guarantees on their product. If they have been around for that long surely they havent got anything to be worried about.

Hi Machine Just responed to your email nothing to do with zoning more like size of acreage.Wont get LMI on that.

Peter get your mortgage broker to order it for you and it will cost you nothing.

Hi JeanYes but with only 4 months self employment max lvr would be 60%.

Hi MarkFirstly welcome to the forum and I hope you enjoy your time with us.Without additional information it is difficult to comment why you are experiencing problems however one reason could be the size of the land or property you are looking to purchase.Large acreage is not flavour of the month with most lenders but i have to be honest havent…[Read more]

Hi dreamermanWelcome to the forum and I hope you enjoy your time with us.Structuring your loans correctly to safegaurd your assets is probably something you wont read in a typical book but can certainly recommend any of Steve Mcknights books for education.Again hard to make structured suggestions without further information.By the way not every…[Read more]

Hi luciHate to say any organisation such as the one mentioned is going to have only one barrow to push and that is their own.Property marketing organisations exist for one thing and that is their own profit and if it helps the client along the line then that is a secondary bonusI am sorry i might sound so sinical but i have been in the property…[Read more]

Hi donkarnashFirstly welcome to the forum and I hope you enjoy your time with us.it is difficult to comment without further details as there are so many options.Many clients are considering Shared Equity Loans again especially if this frees up capital and cash flow to allow them to get into property investing and build up their portfolio whilst…[Read more]

LukootDrop me a line and i can rework the numbers for you.