Hi SusieHate to say the switch fees will be a little more than that. You will have mortgage registration, transfer and discharge, bank title search fees, valuation and settlement fees etc.Not sure if the to loan is an investment loan but if either way One Direct do not offer a offset account. The Anz Simplicity product has a rate of 7.62% so is…[Read more]

Hi SusieHate to say the switch fees will be a little more than that. You will have mortgage registration, transfer and discharge, bank title search fees, valuation and settlement fees etc.Not sure if the to loan is an investment loan but if either way One Direct do not offer a offset account. The Anz Simplicity product has a rate of 7.62% so is…[Read more]

Hi SusieHate to say the switch fees will be a little more than that. You will have mortgage registration, transfer and discharge, bank title search fees, valuation and settlement fees etc.Not sure if the to loan is an investment loan but if either way One Direct do not offer a offset account. The Anz Simplicity product has a rate of 7.62% so is…[Read more]

Hi AndersSame here be happy to recommend an expert in the field.

Hi FalloutI think i would do just that use a new solicitor.You may also wish to alter the Terms of the Contract i.e offer the developer higher price by say a $1000 or similar.

Hi SusieI hate to say i doubt they will waive the fee. Depending on the size of the loan and the other details could still be worth swallowing and refinancing away to a cheaper rate.

Hi SharonNot sure if you have missed the concept of VF or whether you are being a little over optimistic.Firstly very unlikely you will find any Vendor transfer the property into your name on the possession date (especially if he has a mortgage on the property which of course he could not repay) and then take a registered mortgage on your…[Read more]

The answer is simple.Where you can do not cross collateralise the loans. There are always exceptions to this but certainly when starting out try and avoid such a strategy if you can.There are many more downsides to merely the one you have pointed out.

Ring me any time you like Monday wil be in all day.

Oh well isnt that bad after all only down 452 points on the open lol.Europe and the UK are off 9% in the day so have another couple of hundred to fall yet in the Dow before 1.00am.

Where is the security you are looking to buy located ?

Hi JohanYes you will still need your Cert IV.Only way you will get connections with lenders is through your Aggregator as they will give you the list of the BDM who will look after you.Regretfully dont expect too much in the way of service from a lot of them who merely focus on some of their bigger producers.The industry is not blessed with great…[Read more]

More likely Wizard will be sold off to some altenative lending source and borrowers will probably eventually benefit.In the meantime dont hold your breath.

Assume that the property is worth $260K you could borrow upto 80% of this valuation without mortgage insurance or upto 95% with mortgage insurance.$260K x 80% – existing debt of $150K = $58,000 or$260K x 95% – existing debt of $150K = $97,000With the raised funds you can use this as deposit and acquisition costs on your new property or properties.

Yep totally serioushttp://www.lendingcentral.com/2008/10/24/ge-money-closes-its-doors/

I have never paid anything in Qld for a contract that has been extended or terminated.In saying that admitedly i use a Solicitor just pay conveyancing prices.

Must admit got a bit confused on the figures and what you are ultimately trying to achieve.I understand you are wanting to release equity to enable you to carry on investing but bear in mind just because 1 lender feels you have maxed out your serviceability with them another lender may accept the application. Would need to actual figures to work…[Read more]

SimonIt all depends on the deal itself.Very few lenders have staff that can approve a deal without having to go the credit or assessment department for a decision. If the application is as mentioned in the name of a Unit Trust many lenders will struggle with the concept.Some lenders have specialised credit managers who process Trust and Company…[Read more]

Johann – If the property is owned by a Company you wont get concessional treatment with regards to the Capital Gain Tax.In some States this will also go for the Land Tax and Stamp Duty.You maybe able to access the equity and then use this as your deposit and go again.

I think you will find that the $150 per lot refer to the Body Corporate Managers annual fee for managing the complex.It is usually incorporated into Budget for the Administration Fund and will form part of her quarterly contributions.If you ask for a copy of the Body Corporate Managers Managing Agreement it will set out the Term in which they have…[Read more]