Subject to the following criteriaMax LVR 75%, Min. 2years in current employment, Min 2 years at current address, Clear CRAA & max 3 loans to be refinanced you should be ok to refinance at 5. something.

What is the property valuation ?

Couple of answersThere are a couple of things I am stumped on straight away:- Can I use the sale price of $350k to calculate stamp duty? No your buyer will be signing a purchse contract for $290K with the balance payable to you for the Option contract unless you actually settle on the property and then onsell it to him.– Can the buyer use the…[Read more]

Hi BradleyWow too many questions in one.Would depend on 101 answers i.e LVR income levels, where is the security based and who is the current lender to name a few.Anything is possible but additional information would be needed.

No email received but i replied to your private message.

Guess it depends if you are employed by them or not. !!!!Oh Richard you are getting synical in your old age.

Thankfully Raymond there is still another lender for those Brokers who deal with 100% loans so doors not totally closed.

No problems mate.Feel free to drop me an email if you need anything else.Often find a lot of Brokers even if they are small investors themselves have no idea about structuring or indeed are not licensed to offer financial advice.

GOMNo many lenders have already cut their maximum loan from 95% – 90% already and therefore maybe just a matter of time before most others follow suit.

Hi Dolphin GirlSorry no i didnt receive it. received a dozen more but nothing from you.

crj definition is quiet correct however i think you wil find the practical issues of making application for the FHOG are different.

Or altenatively buy your local agent a beer and get him to give you the information from RP Data.

Hi LmitationFirstly welcome to the forum and I hope you enjoy your time with us.Your problem is not uncommon and something we hear from clients on a regular basis.Loan structuring is probably one of the most important issues as getting in wrong can be extremely expensive and you dont realise until come June 30.You need to tread careful to not only…[Read more]

No quiet just give it a week and it will be over and done.Next will be max 90% LVR nail in the coffin.

When you consolidate you will cut up or reduce the limit on your credit card to next to nothing.As long as you disciplined there is no reason why rolling everything into one and using the positive cash flow from the new IP to reduce your debt with the correct loan structure wont be extremely beneficial.

Hi JFirstly welcome to the forum and i hope you enjoy your time with us.I hate to say the information your Bank have given you is incorrect unless there is something we are not aware of.It is of course difficult to comment on a situation without having all of the facts but i am certain that there is room to move and from the information you have…[Read more]

Hi JFirstly welcome to the forum and i hope you enjoy your time with us.I hate to say the information your Bank have given you is incorrect unless there is something we are not aware of.It is of course difficult to comment on a situation without having all of the facts but i am certain that there is room to move and from the information you have…[Read more]

Ok Adrian wouldnt necessarily need an ABN then however if you purchase the properties in Trust you might wish to make appication for an ABN.

DavidHe wouldnt have a clue.  A concern isnt it.

Hi DavidYes that is one of the beauties of offset accounts is that the primary loan does not become contaminated as the 2 accounts sit separate to each other. When you withdraw the $25,000 you can claim interest on $100K again.To clarify this it will depend on the lender so assuming your lender offers a totally separate 100% transactional offset…[Read more]