DanielYou are right with the way in which commissions have been slashed over the last 6-9 months the amount a Broker can earn is reduced so if they are giving away a percentage then the amount of time spent on your deal is limited.Any Professional Broker who rebates the sort of amount you have mentioned cannot survive too long on that business model. 

Hi LewisWhat is it you are trying to find out when it comes to Home Loan information.Maybe i can answer some questions for you.

Probably best i dont comment on such organisations as the quality of staff and experience within these organisations is reflected in what they earn.Most of these organisations would have no idea how to structure a loan properly and have no experience in dealing with investors. There are few organisations out there of which many of the Banks will…[Read more]

TMYYou most certainly are not bound by any loan offered by this Broker so merely write to him and tell him you do not wish to proceed.Most lenders do not charge an application fee so you will be ok there as long as you havent paid for a valuation fee you should be able to get out without any cost to you.Difficult to comment on whether any loan is…[Read more]

GezzaNo most lenders will not consider income from border or lodgers to increase your serviceability however like anything there is always one or two who will if the lvr is right.

Hi AlaniSorry dont always agree with that as most lenders work out what the Prinicipal & interest component of the loan would be even if you take out an interest only loan.

Trust me nothing is free with the TIC.

JenSave you money and the stress and pain you will go through.Let alone the bully boy sales tactics.Read the previous comments in this post about people who have been ripped off by this organisation.I have clients who almost feel into the trap of attending a seminar and then saw the folly of their ways…… just in time.

Sorry to doubt your current MB but i am not convinced that is right.Obviously he has the benefit of the finer details but everything you have mentioned sounds good so far.Many ways to skin a cat when it comes to serviceability.

ShalesQ- Do you structure a seperate loan and a seperate offset account for each property?  No need. As long as the loan amount is > than the offset amount you can maintain 1 offset account.This assumes all of the properties are held in the same entity name.

Assuming all parties are not related i.e Spouse / Defacto the only way is to purchase 3 separate properties which you each respectively reside in.There is no other way.

You wont convince the lender to waive these as they are his economic cost of repaying the loan.

ChetnikWow you must have incredibly high liabilities or living costs.

Terry can i answer that one for you ……………… NO

Duplicated post

Hi LucyNot an easy answer on a forum but here goes.I would be switching the current loan to an interest only loan with 100% offset and put everything into this account.If when you come to purchase the new IP later in the year get the current property revalued and set up a LOC against the available equity. Draw this down to proivde a deposit /…[Read more]

Event HorizonJust to correct you there. CBA is not a fully transactional offset account so doesnt suit the purpose of most borrowers.The extra 0.15% off the fixed rate is available only through the CBA Pro pack and has an annual fee of $350.The 0.2% is also available with another major but again has an annual fee.There are a couple of deals with…[Read more]

Interest will be charged on the land and then on the progressive stages until the loan amount is fully drawn and the property completed..

HybridIn a nutshell if you are looking to refinance an existing loan (either to get a better interest rate or to take out some cash) then good luck. Neither of the main mortgage insurers will allow a refinance under lodoc so you are basically limited to a 60% LVR which is really practical or a minow lender who will go to 80%.

NancySorry call me old fashioned but how will a US loan modification workshop benefit an Australian client with all of his loans and securities in Australia when you consider the vary differences in lending policy between US and Australian lender?Now if you are telling me you can arrange Foreign National loans for the US thats different and I will…[Read more]