Hi JulitoPIS office in Melbourne is 413/89 – 93 High StKew Victoria 3101(03) 9830 1855?Regretfully i cant say i know anyone there.

GregTotally agree with you. I guess it's a sad part of the industry that there are people around that are more concerned obout their commissions than doing what is right for the client.

Hi ciciThere is no drama in your cousin claiming the first home owners grant when purchasing a Company Title however the issue maybe the loan amount any lender will advance against such Title.Normally most lenders cap the loan to valuation at around 75-80% so they will need to fund the balance of deposit.

JulitoWhere are you based.As a Financial Planner with PIS one of the Country's largest Financial Planning Groups i maybe able to point you in the right direction depending on where you are based.

GregHate to say hear stories like yours all day long.Try someone like Intellitrain. www.intellitrain.com.au Also why not give your local Aussie Home Loans a call as they provide an excellent grounding for someone starting out in the industry.Never worked or been involved with Aussie (although i did have a coffee with JS a month before he started…[Read more]

Yossi totally agree with you. Why would you not utilise an offset account linked to an investment loan on the basis you had no other non deductible debt.

Sorry Michael i have to disagree with you and so do 5 of this Countrys top Bank lenders in your definition.What is an offset account?A. An offset account is a separate savings account where the balance is offset daily against the loan amount. For example, if you have $5000 in your offset account, 'notional' interest is earnt on these funds, at the…[Read more]

Thanks Peter great advertising with zero contribution.

Hate to say Marwoto the offset account is not a true offset facility.They originate their funds from Firstmac here in Brisbane and the products are mirror imaged.Just be very careful if you decide to rent the property as any interest on funds taken from the offset account will not be deductible.Guess like anything with these mortgage originators…[Read more]

On a separate note just be careful on your financing. Remember all you can claim as deductible interest is the current balance on your present home loan.You are unable to redraw or refinance and all new borrowing will be non deductible.Make sure your Broker is investment orientated and he might have a few suggestions for you.Enjoy your new home.

Pleasure.Of course if the Trustee is a Pty Ltd Company then it would read XYZ Pty Ltd ATF XYZ Family Trust.

Although do not do as 1 forum member who contacted me this afternoon has done with a similar organiation and that is part with ANY money upfront.

My question exactly Terry.My feelings are it is not a true offset account but an redraw offset.Be interest to know who the lender is.

Hi SprunkFirstly welcome to the forum and I hope you enjoy your time with us.Most lenders wont take into consideration any border income (There are one or two i can think of that will) however from the rough numbers provided the loan to valuation is less than 80% which will work in your favour.Serviceability varies from lender to lender and…[Read more]

Must admit i always get concerned on any website when i read " We are funded through our many referral alliances with builders and developers throughout Australia".In short we get paid a commission to point you in the direction of a property. [moderator edit: tone]No one begrudges any organisation from earning a commission or profit however a lot…[Read more]

Me thinks the reason why the rate is competitive is the fact that you have what can only be described as expensive set up or exit fees. I hate to see the actual comparison rate with your lender if the costs are that much.Often many clients are rate driven and do not realise that the true of interest in considerably more than that quoted when you…[Read more]

I totally agree with Michael that lenders realise to cover their interest spread (Because they tell you there is no money to be made in lending it out at standard rate for such a short period of time) they will try and recoup profit by charging an early repayment fee or similar.I work with many clients that buy and sell and there are still the odd…[Read more]

Hi DeeLodoc at 80% lvr is still very much with us at excellent rates but dont hope in the non too distant future than Lodoc > 80% will be back at such competitive rates.Anything currently being offered at Lodoc 80% + Is at a rate which makes the borrowing totally uncompetitive.

Yes – normally would read John & Mary Smith ATF Smith Family Trust.

Never never sell usually means that you would hold onto the asset until nearer retirement and then sell the odd property here and there to pay down your debt and live off the rental income.There are a variety of different strategies you can use but in essence you want to put yourself in a positon where rental income can replace your current PAYG income.