Demand for wrapped properties is more than you can handle certainly in Qld.

Be suprised this is a major regional lender and it is policy.

Certain lenders dont ask for current loan statements on refinances where the lvr is less than 75%. Is that taking a risk or what.

No not at all just going back 8/9 years a lot of regional lenders werent that sophisticated.St George who  were the 5th largest Bank in Oz up until the Westpac acquisition only had credit search machines in their Branch offices from 1997. Prior to that a clients credit record was taken on the word of the borrower. "I have no defaults or other loa…[Read more]

MichaelAs mentioned previously we certainly can assist in Florida but dont take applications outside this State at the moment.

Looks like it might have changed nowPlease take care to ensure all information you give us in this application is correct.I declare that: the information in this application and the financial information supporting it are in all respects correct and completeto the best of my knowledge and belief.

YI Yes many times.Have a couple of properties here in Qld we have wrapped about 4 separate times.Marital split up job loss seen them all. Thankfully in most cases they have merely walked away and let the property in 1 piece and been pleased to have been released from their obligations. The question comes as to whether they are entitled to a…[Read more]

I must admit i have never seen any lenders application that didnt ask whether there was anything else you felt you should disclose or were you acting in a guarantee capacity or had other loans that you didnt want to admit too. Most applications state that the information it true and correct.Put simply as Terry mentions when your borrowing capacity…[Read more]

No both standalone deals and NO cross collateralising of securities.95% standalone less LMI.As i say we specialise in Expat loans.

Apologies Terry yes the wording was not the best.Been a long day.

Phil it already has its own forum it is called Overseas Deals.

Interest on redrawn funds on a PPOR is not deductible because the original use of the funds was not for investment.

GOM my sentiments exactly.

Adam also check out lawcentral.com.au and cleardocs.com.au

Hi William I have a lender who will do 95% for expats and we specialise in this area but my 80% comment was directed to  a non resident non citizen. Settled 2 95% Loans only this week for an expat client working overseas in Dubai with a good Australian property asset base.Personally I would not take vendor finance from someone who was selling t…[Read more]

Shell shouldnt your financial adviser, mortgage broker and accountant be advising you on this action as a strategy.

Hi NathopolyCertainly not a stupid question and one we field regularly.I noticed doing some number crunching the other day that theoretically if I borrowed 80% from a bank or other standard lender and borrowed the other 20% from elsewhere (for example the Vendor) that the property would still be positively geared*. My question is in regard to…[Read more]

Hi HenrikWe finance a fair bit in Florida so if he is any good and you want to email his contact details to me I will try and give him a plug to my clients purchasing in the US. 

Hate to say definately not free.Normally would expect to pay somewhere in the region of $400-$500 and if the property has been built in the last say 20 years or has some renovated fixtures / fittings probably well worth it. The cost of the report is also deductible.Your Broker should be able to give you a few Qs firms on the northside.

Hi Tambam It is all a personal opinion. Never is a long time and too late once you have paid the loan down only to realise you wouldnt mind renting it out after all.Why not keep things as they are and buy another IP. You can place all of your funds in the offset account always pay down the debt through an internet banking transfer if you really…[Read more]