Hard to believe that 0.5% discount is standard and the extra 0.2% requires credit approval.

Maybe Anz one line side kick but dont offer a offset account.

Hi BozenaFirstly i promise us Brokers dont bite so nothing to fear by approaching one.There are many factors that effect your capacity to borrow so it is not as easy as it sounds however to give you some idea:Add your net monthly incomes together with say 80% of the current rent or proposed rent.Subtract the Prinicpal & interest repayments of all…[Read more]

Li I arrived back from 2 weeks in the US yesterday afternoon and whilst i admit there is plenty of opportunity i dont feel it is as easy as you make out.I have owned a property in the right part of California for some 20 years now and the growth has been unbelievable.With regards to finance i disagree with you. Yes finance is still available for…[Read more]

RafaelWhat percentage loan to valuation can a Foreign Nation borrow ?

VicUnfortunately god of money is right about what they charge. You could definately do better closer to home with another firm.Poor Bianca gets wheeled out to defend the firm both on PI.com and Somersoft and the usual answer is contact is to find out more. 

EddieYou must have got hold of one of the cheaper lawyers. I have settled about 8 loans for clients and the legals fees for establishing the Bear Trust and associated Company varied considerably (between around $8500 and $17000).As for the Broker we are are paid the same as a normal loan. The time spent arranging the loan with the mountain of…[Read more]

English rates have fallen to their lowest level since 1939 as the Bank of England battles recession. The BoE did overnight cut the official cash rate by 100 basis points and the cash rate now sits at just two per cent. The BoE said business surveys suggested the country’s downturn had gathered pace and commented that consumer spending, bus…[Read more]

Hi RobynaAs you are buying up on the Gold Coast I can certainly recommend and excellent property Accountant.Try Steve Hodgkinson who is a partner at the Gold Business Group in Southport.Steve has been my Accountant for the past 12 years or so and is an expert on Trusts and Structures.He can be contacted on 07 5532 2855.Tell him i sent you as most…[Read more]

48 Sq M you will not have too much of a problem in obtaining the right loan.Usually it is the internal living space that lenders look for when assessing whether they want to take on the security or not.

AustinSurely if it is positvely geared isnt that a good thing.Remember you can still claim any available Depreciation or BWO both of which are non cash expenses.Establish the loan so that it is not cross collateralised and use the reduction in your Taxable income to pour into a 100% offset account established on your current PPOR (personally I…[Read more]

Point taken and the loan needs to be Lodoc ? Definately

Point taken and the loan needs to be Lodoc ? Definately

If you call it mortgage elimination some firm will charge you $3000 for arranging it for you. Call it loan restucturing and I do it for nothing for clients.Personally i wouldnt use a Line of Credit but an offset account and an interest only loan.All in all it is the same interest rate savings but has more flexibilility.If your lender charges i…[Read more]

I would be wary starting the construction as you may find any potential new lender not wanting to refinance a deal where the construction has commenced.Realistically at this time of year a refinance will take a while to get through.

If you have 1 years Tax return and it was a full year then that should still be sufficient to go full doc.

friniAt the moment i doubt you would get more than 0.8-0.9% however the important benchmark is not the rate reduction but the actual rate itself. With all of the 4 major lenders having a different Standard variable rate a 0.8% off one lender could actually be higher than a 0.7% off another.Would need more information to provide you with an actual rate.

Hi SEYes not a nice position to be in and i guess Pepper feel there is less pressure for them to drop rates with the lodoc market in some sort of turmoil.If you can shed some light on the reasons why you are not able to refinance (understand it could be a lvr or ABN problem as Pepper initially looked at deals that others would not look at) you may…[Read more]

uforiaGiven the size of the current loan probably better to start again as the LMI on a total lvr that high over 500K will not be cheap.Maybe not what you want to hear but probably need to pay down the PPOR loan with the 20K and then take out a new loan of 20k to use to cover the acquisition costs etc. This way the funds borrowed become a…[Read more]

Ok i am back from the USA anyone miss me …..WC the fall in official rates has been passes on % for % in the Commercial market as many lenders have withdrawn totally from this type of lending.In saying this it all depends on the security involved as it is an area that lenders can certainly price in the risk.If you are referring to a $400,000…[Read more]