Hi PaulIt is not upto the lender but more like the mortgage insurers where the lvr is > 80%.If the property is residential (not rural) and everything else is equal then there is no reason why you wouldnt get a 95% LVR in a small township.Some of the lenders have revisted the post code book recently altering their LVR's but as say it is a case by…[Read more]

Too many variables to give you an accurate answer.Depends on :Whether you need both incomes to show serviceability, will the property every be rented out, future earning potential the list goes on and on.One thing to be aware of get it wrong and it will be expensive.Your mortgage broker should be able to shed more light on the plus and minuses for you.

I am sure each State is different but in Qld a copy of the stamped transfer and full copy of the executed instalment contract would be sufficient.In addition a copy of the loan statement and a stat declaration answering a couple of questions is required by the OSR.

More like a property marketing group who earn bit fat commissions on what you buy.

Depends on which State you are in.In Qld there is no Stamp Duty for FHB upto $500K so really the entry amounts are not much.You could then use some of your savings to purchase a new IP where you will need funds to cover the acquisition costs etc.

Thanks DavidAs i thought. Not good for a client when the borrowing gets a little high.One of the

David My apologies yes indeed i did misread the CAR as with so many products found the website rather confusing.Whilst many Propack products do in fact charge an Annual Fee the borrower is aware that his loan will be with that institution and not be part of a securitised package. Do SCMC require all of their loans irrespective of the LVR to be…[Read more]

GOMMaybe the patients who where treated in Qld by Dr Patel would disagree with you.Obviously only those who are still alive could comment and many of his former patients are 6 feet under.

This is for all off you who are holidaying in Arizona as the last advert was when it was held in Vegas and was for those of you who were passing by at the time and wanted to pop.Unfortunately doesnt do you any good at all if you have an mortgage in Australia but could beneficial for all of those US mortgage holders amongst us.

GOM no guys like PF skate just under the radar but univetably when enough people complain then likes of ASIC and the ASC take note.

Ideal i guess if you want a non bank lender but for 93% of mortgage applications taken out within the last  8 months they prefered the security of a  Bank lender security.Also if you look at the interest rates lets just say you would never want to fix the rate or need the loan under lodoc as they are probably one of the highest rates i have seen…[Read more]

EVRegretfully funds taken from a redraw will not be tax deductible so not an ideal situation.A separate loan maybe possible even a LOC depending on your lender as a lot will not advance further funds until the building has been completed and the final certificate provided.

Hi RudraGood to hear that you had a good experience.This entire post started when clients of mine signed a contract on a property they were selling on undertaking a valuation found that the property was significantly overpriced mainly due to the amount of commission the developer was paying Premium Finance.

In addition to Davids list Westpac also self insure some of their loan with Gemworth also insuring the balance. Anz actually charge a higher premium where the loan is Interest only than they do for a Principal & Interest loan so are more expensive depending on the loan size.

I would  use the minimum of your savings as i have mentioned and look at a 95% LVR with 100% offset A/c.Yes subject to the increased valuation meaning the amount you pull out is above the lenders minimum loan then you will be ok.I.e if increased valuation of 20K and you wanted 95% and that was below the lenders minimum loan you would have an…[Read more]

I would  use the minimum of your savings as i have mentioned and look at a 95% LVR with 100% offset A/c.Yes subject to the increased valuation meaning the amount you pull out is above the lenders minimum loan then you will be ok.I.e if increased valuation of 20K and you wanted 95% and that was below the lenders minimum loan you would have an…[Read more]

Really on total lodoc.Max we can do on a standalone basis is 80% of GR.i get 3/4 deals like this a week so many we should chat. I have a nice 55 unit site now where clients want 90% of Gross Realisation on Lodoc at $5.8M. Funding will be 125% of cost but there is a good margin in the deal.What details do you need to get an indicative approval.

Really on total lodoc.Max we can do on a standalone basis is 80% of GR.i get 3/4 deals like this a week so many we should chat. I have a nice 55 unit site now where clients want 90% of Gross Realisation on Lodoc at $5.8M. Funding will be 125% of cost but there is a good margin in the deal.What details do you need to get an indicative approval.

Hi WatsonFirstly welcome to the forum and I hope you enjoy your time with us.Yes as long as you have payslips and evidence of a good repayment history then you should be ok.Remember at a 90% lend the loan will normally require mortgage insurance so lenders may ask what the funds are to be used for. The old days of having a line of credit without…[Read more]

TimRegretfully lodoc commercial to a 90% GR loan is not available.