SiennaI am not being funny but a condition of being a member of Club Loans is that you must but through them.Why would your mortgage broker buy a property with between $16,000-$32,000 mark up in ?Also dont think they are marketing in your area because they believe in the area they are marketing in the area because they can get stock. They market…[Read more]

Have to agree with Wealth lending markets have certainly tightened up especially in the self employed / lodoc / credit imparied arenas and even the full doc market with certain lenders.LVR's have reduced and discounts disappeared. Where we used to be able to get 0.8 – 1% discount for clients off the standard variable rate with a large enough loan…[Read more]

Hi LukeIt is not quiet as easy as all that.Firstly the property cannot be purchased in the SMSF name but in the name of a Bear Trust which holds the property until the final payment is made when it is then transferred to the assets of the SMSF.The costs of establishing such a Trust with a Corporate Trustee range from between $6-$20K depending on…[Read more]

Well it has been over 5 weeks now since my initial request for a Premium Finance information pack and I have now accepted that it will not arrive.This organisation is clearly aimed at targeting a specific audience who it believes it can bully into signing a contract for an overpriced IP (And yes i have evidence to this effect). It flaunts the…[Read more]

Sorry Fijitsu i have to disagree.Given the accompany circumstances I believe it is possible to obtain the loan at $260K.The Bank would want you to put your deposit upfront with the land purchase and then fund the construction.

Sorry but i am still confused.The land will cost $180K and the construction $150K being a total of $330K.You have $70,000 deposit so presumably will be looking for a loan of around $260,000. On your income you would be able to borrow $260,000 with the right lender.I dont see the problem. You presumably only need the $260K not much more although…[Read more]

Hi FujitsuI think either you or your MB are getting confused about the situation.There are other considerations and these will depend on whether you have any existing liabilities, whether you intend to purchase a PPOR for your own occupation etc etc etc.With more information it is difficult to provide you with a more accurate answer.

Hi WC Yes here 24/7.I think you will all find that Ben C went the way of many a good wine after a night out and thats down the drain.

I am with you Michael, let us wait and see the response to that one.

Great post Trisha. Thats 6 posts now promoting Jamie McKIntyre.Maybe soon you can provide some contribution without advertising a product or service.If you honestly believe you can learn in 12 months how to effectively trade options you must be kidding yourself. I spent the first  8 years of my working life on the trading floor of the London…[Read more]

TerryIn addition i have my 3 kids on the payroll and pay them $400 per annum each for secretarial dutues which again is Tax Free.

Hi VicHave a look on your original letter of offer from RAMS / RHS and it will outline the DEF or break costs.

Mate this is an Australian site with Australian readers.Please take you Texas spruiking elsewhere.

GOM not being funny but why do Anz offer home loans.If they were that good everyone wouldnt everyone use One Direct. Maybe it is that they dont do more than 60% on lodoc, dont accept application from Trusts or Company applications, have DEF nearly double that of the Anz, no offset account,

NikkiNot being funny but you would not have an issue financing a 46.3 Sq Metres unit subject to other considerations.

I rest my case.

Hi PropFirstly welcome to the forum and I hope you enjoy your time with us.Think you might have a small problem here my friend.Personally i would never recommend a LOC to a client if this was the loan on the investment property as one issue is that when you redraw on the LOC the interest is only tax deductible where it is used for investment…[Read more]

NikkiWhen the loan is so inflexible that it doesnt do what you want and doesnt provide the features that most investors require.If the cheapest loan was the be all and end all then realistically no other loans would be written.The discount lenders write less than 4% of the total loans written and this tells you something.  

Yes

One issue if they cant get finance these days.