Exactly Donald

Hate to disagree with what other forum members have written but normally I would recommend an Interest Only with a 100% offset account for clients and their PPOR loan.There maybe

Hate to disagree with what other forum members have written but normally I would recommend an Interest Only with a 100% offset account for clients and their PPOR loan.There

Hate to disagree with what other forum members have written but normally I would recommend an Interest Only with a 100% offset account for clients and their PPOR loan.There

Don,You probably wont hear from Brad again as it was his first post and was purely here to promote his own business.

Hi JanelleYes i must indeed take exception to some of their practises.Only at the start if the week did i have a client ring me who had set up a PIT with them and then was asked did they wish to be referred to their mortgage broker for a fee. (Yes the client emailed me the letter as i thought it was disgraceful and didnt believe her) . Sure charge…[Read more]

The so called Dr yes he is the founder of Peach.

Avi Havent spoken to Chad for a week or wo but why not drop him an emailchad1609@bigpond.net.au

Hi CheryleaFor the purposes of my response I shall assume that the potential purchaser was seeking a 2nd mortgage carry back.In a nutshell on settlement the purchaser would front up and give you $500,000 and you would hold a 2nd mortgage against the property of the 200K. In turn you would charge an interest rate on the $200K which would be payable…[Read more]

Hi there Yes a Nodoc style loan would assist in this situation whereby income evidence is not available.On the portability front this is possible however with a securitised loan the purchase and sale settlement dates would need to be simultanous as you cannot use a term deposit account as security.I agree form filling can be a pain sometimes.

Thanks for the useful contribution on your opening post.

KateRather than paying off the loan you should be paying interest only and be utilising a 100% offset account.Whilst accessing equity will help you in your goal to purchase another property the underlying factory is serviceability.Make sure that you structure the loan correctly otherwise you may have an issue or 2 when it comes to lodging your Tax…[Read more]

Yes they are still available but of course from less lenders than before.

Think it will still be tight but all depends on the fixed price figures when it comes to construction etc.

MMYes the interest on the deposit and all acqusition costs would be deductible if the funds had been borrowed however the trick is to ensure that you keep the loan totally separate to your PPOR borrowing.In addition non cash expenditure such as Depreciation and Building Write off depending on the age of the property is also deductible. Good isnt it…….

Hi MonsterGood to have a fellow Pom on the forum as sometimes i get out numbered by the locals.To answer your question yes all of the interest payable under an investment loan is deductible against your income however do remember that all of the rent earned is also added to the same income.In the case of the property being positively geared then…[Read more]

DonI am not sure how many independant mortgage brokers would recommend ING for an investment loan in the first place.

And they are also franchised which means the information you get is as good as the individual who owns the franchise.They are not Licensed to provide investment advice.

Hi DonYes there are a few such rebate organisations cropping up all over the place.You have to ask yourself will they be acting in your best interest or steering you in the direction of someone who offers the highest commission so they can refund some of this back to you.I have had a few clients look at them and when i have seen what they have…[Read more]

Try http://www.aussiestockforums.com and for trading i use Interactive brokers.