Hi jrmFirstly the Contract date is the important in regards to the First Home Owners Boost so anything prior to 30 Sept 2009 will qualify for the additional payment. Secondly with regards to the Stamp Duty this may vary from State to State but as First Home Buyers you would normally qualify for a exemption or reduction in the Stamp Duty payable…[Read more]

Can you post DA details on the response so we can all see.What am i paying and what am i getting for my money ?

And this has already happened on the UK and the USA.

Surely you are not going to tell us that you purchased a property at Auction although have not had finance approved.What will you do if the Banks valuation and the your purchase price are a mile apart. Guess that is a topic for another day.I wouldnt be too sure that the lender will not ask for updated information nearer the time. Most lenders will…[Read more]

Hi KarenNo problems at all. Drop us a email when suits and we can chat.

gibbo took the words straight out of my mouth.Done many a deal recently where the product we achieved for the client was more competitive than the clients own Bank branch had quoted them.More importantly a good mortgage broker who is investor orientated will structure your loans so they are all separate and work for you and are not cross…[Read more]

Funny your only other post told us how wonderful Fort Launderdale was performing.

Want do they want per site ?Is it DA & BA approved ?

Yes Mark LMI will apply given the LVR.Being under $300K at least the premium wont be an arm and a leg.

Closing costs certainly wont be anywhere near 5% of the purchase price but make sure they are not factoring in your deposit amount and also the loan costs / LMI.These of course could exceed 5% dependant on your borrowing amount and the LVR.More information required to provide a structured response.

Wont go into a long winded response this time of night safe to say that 1) LMI may not be payable under Option 1 depending on the actual LVR. I assume in addition to your savings you would also get the FHOG & SD concessions possibly making the LVR even less.Is LMI really such a bad expense as it is merely an opportunity cost of borrowing.Not…[Read more]

Purchasing an investment property first will not disqualify him from being able to qualify for the First Home Owners Grant in the future however he may loose his entitlement to the Stamp Duty concession depending on which State you are based in.Is there a reason he doesnt look at purchasing his first home taking advantage of both the lower SD…[Read more]

Why not take the Choice package IO loan with 100% offset. Unless you get a pricing request the LOC is expensive.

Hi AngelaA few answers for you:1) Yes2) 5 Years and yes it is possible but unlikely to be acceptable in the current climate.3) Dont even go there. We are a 4 star Broker with the NAB and even our processing times are getting worse and worse. In saying that of course if a pre-approval is obtained then time is probably not that important as the…[Read more]

Hi NitYes in Brisbane and Qld the mortgage broker would normally complete the FHOG application and lodge this with the lender on your behalf. If you intend to move out and rent the property whilst you are overseas you need to make sure the loan is structured correctly to enable you to maximise your interest savings as well as separate…[Read more]

Wow Garry really have got you fired up.

I guess when you have been on the forum as long as i have you get slightly suspicious as Dan has commented of maiden posters telling the world about how good another company is.

With regards to your claim about commission (sorry FAT commissions) Mortgage Brokers and Licensed Financial Planners such as…[Read more]

Wow Garry really have got you fired up.

I guess when you have been on the forum as long as i have you get slightly suspicious as Dan has commented of maiden posters telling the world about how good another company is.

With regards to your claim about commission (sorry FAT commissions) Mortgage Brokers and Licensed Financial Planners such as…[Read more]

Wow Garry really have got you fired up.I guess when you have been on the forum as long as i have you get slightly suspicious as Dan has commented of maiden posters telling the world about how good another company is.With regards to your claim about commission (sorry FAT commissions) Mortgage Brokers and Licensed Financial Planners such as myself…[Read more]

Yes in the current climate finance can prove difficult for small Country Towns especially where the LVR is greater than 80%.Get your mortgage broker to check out the post code prior to committing to the Contract.

Will vary from State to State.In Qld for example SD is payable 30 days after you go unconditional even if settlement is a year away.Talk to the OSR in your State.