Yes certainly 10 & 15 year fixed terms are available with a few lenders but this is certainly a long time to be locked in.If you ever decide to sell the property need to factor in the break costs.Also remember the Banks wont be loosing money over that length of term so be careful.This type of product is of very low demand for most clients.

Whereabouts are you located ?Certainly happy to help you if you are in Brisbane or SE Qld.

JoanneBeen involved with finance in the US market for over 20 years and dont think you will find any US lender be too keen on an application for a Foreign National inthe current climate.Currently the only State we deal in is Florida which has specific laws for FN lending.Dont take applications these days from any other State.

At present you are looking at around 7 – 8 business days for an answer.If the loan is approved subject to then probably another 6 business days after the extra information has been provided. 

micro remember your advisers dont have to be in the same City or State where you are.I have hundreds of inter state client and also many expat clients around the world.Currenty in the Uk on holiday and had the opportunity last week to meet up with a client in London for the first time who was wishing to buy more property in Melbourne from where…[Read more]

As Terry has mentioned there are a myriad of variables.Some lenders take 75% of the current / potential rent other upto 100% if the property is not being used as security.Some take negative gearing into consideration others dont.On the expenses side:Living allowances vary depending on what scale the lender uses (although admitedly most use the…[Read more]

vs hate to say but you do need mate.Wealth totally agree it is illegal to offer any form of financial advice without a License.

Hi NzuFirstly welcome to the forum and I hope you enjoy your time with us.I am currently on holiday in the Uk until the first week of December but in saying that still working away on deals for clients.In the current finance climate whilst a 95% LVR is still just about available the biggest issue seems to be the lack of available cash deposit or…[Read more]

Hi FrapFirstly welcome to the forum and I hope you enjoy our time with us.Probably need a bit more information to be able to give you a structured response and may involve some personal information which you probably dont want to disclose on a public forum.I am in the UK on holiday until the first week of December but if you want to drop me an…[Read more]

Whilst a 95% LVR on investment maybe still doable as has been mentioned previously the Broker may not care about whether the deal or finance is right for you but merely whether he can get a sale and receive a commission.If you are interested in NSW I can certainly suggest a Buyers Agent to you that will act on your behalf rather than the Vendor or…[Read more]

Of course if and when you sell the property any Building Write Off deductions reduce the Cost base so triggers a potential CGT issue.To me i would rather not rely on Tax deductions to make the numbers fit.

Personally i dont think how big a client you might be the lender will just not remove or amend the AMC.

Maybe the Mortgage Detective will pop back in an answer this question unless he is too busy on another forum. Whilst we all sit and wait for him to come back you might want to check out Bantics website as Julie has a PR example there.

Hi MattAs i say being in the UK and not in my office in Brisbane it is difficult to comment with accuracy.I havent financed a deal in Dysart for about 6 months but the last deal we did was around 90% LVR.

Hi MattCertainly standard rates would be available but without checking the LMI post code list I couldnt tell you the maximum LVR.Currently on holiday in the UK so a bit difficult to access everything i need.

Yes had a feeling it wouldn't be on their mainstream product.

Contracts dated after the 1st January 2010 will only receive the original $7500 not the increased Boost between Contracts dated Oct 31 2009 and Dec 31st 2009.In saying this i would never just buy merely for the grant however if you can negotiate a deal on the right property why wouldnt you.

Certainly if the interest rate is cheaper and you dont use up your equity in doing so then certainly worth considering.Probably want to split the loans to apportion the interest.Many lenders wont lend for Business Purposes so structuring the loan wiith the right lender is important.

As Duckster has said but pre-approval possible subject to provision of a heap of documentation.Had a couple approved in the last week or so and the lender wanted so much extra paperwork which mainly included 3 months statements on every bank account, credit card and 6 monnths on any existing personal loan etc.

Sounds to me like you need a lodoc / nodoc development style loan.Mortgage would be taken over the existing Title and then a construction style loan on the development with funds advanced in stage draws.Have to be honest more information would be needed to provide a more concrete answer or recommendation.