Most of the Ausralian lenders we deal with will lend upto 90% LVR.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

Hi LW

I am of the same vain of thinking of some of the other posts.

With a good income at an early age you need to ensure that you invest in your future.

Structuring your loan correctly and utilising the available equity will be a step in the right direction. A good mortgage broker can get you on the way and you can use this as your lauching…[Read more]

Jenny

There a few lenders who will take workers compensation into consideration depending on the LVR.

I would need a few more details on what you are trying to achieve to be in a position to comment further.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

Matt

I have been invocled in Vendor Finance in Qld since 1996 and as a company we have done over 180+ wraps during this period.

One of the Companies I own First Home Owners Group Pty Ltd still holds 154 properties throughout Qld and the monthly cash flow enabled me to retire at 39.

Whilst retirement is not all it is cracked up to be it does…[Read more]

Yeh i have done one or two also.

And i still intend to do but maybe on a smaller scale now i operate on my own.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

amerc79

Most non conforming lenders offer lodoc loans for Investment properties with a LVR > that 80%

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

Hi there

Must admit i got slightly lost on your post.

I guess presently you are renting and therefore it is a toss up between buying a PPOR or IP.

Being Self employed will not stop you buying either however if it is a higher LVR with a short period of self employment and unable to proove your income then a lodoc style loan maybe a…[Read more]

Jett

You mention the words transport so do we assume it is a removable home

If this is the case you will not find any lender want to advance funds until the house has been moved, stump, all services connected and Council Approved.

It is unlikely that the removal home company will carry your costs and will probably want a decent deposit and…[Read more]

Which State are you intending to operate in?

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

judw

Why are you looking for private finance.
This day and age most properties where you have equity in the property can be funded by a traditional lender i.e lodoc, no doc etc

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

Henry

Your name always appears on the Title document as the registered owner however the provision in the Property Act allows your purchaser to request you transfer the property into his name once he has repaid 1/3 of the original loan amount.

You of course can refuse this or make the terms not acceptable to encourage to refinace elsewhere. At…[Read more]

Knowing Mic and Debbie as i do it will be well run and informative.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

Lynette

Depending on the location and value why dont you look to wrap it and onsell by way of an installment contract or license to occupy.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

Whilst the Investors Club seminars are free the properties they offer you tend to be considerably overpriced.

I was involved in both assisting Investor Club clients with finance when they started the so called “Club” in the 1995 as well as prividing them with development stock in Brisbane.

Most of the deals I did for the client were overpriced…[Read more]

As Terry mentions most lenders offer some form of lodoc product these days although they all differ in interest rate, features and easy of acceptance.

Other lenders offer upto 95% lodoc at slightly higher interest rates but no one offers a 100% loan unfortunately.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720…[Read more]

Hi Sarah

To give a little bit more information I would need to now :

1) The sort of property you are thinking of buying and the likely purchase price.
2) Whether it will be a PPOR or IP. (assume if you are after + cash flow)
3) Whether you are putting down any deposit into the property.
4) Details on income so we could work out…[Read more]

Exodus

In Qld if you go to Contract and then onsell the property you will be up for Stamp Duty and of course legal fees so you will need to have these up front.

The Form 1 Transfer document will need to be stamped prior to settlement so duty needs to paid upfront rather than out of your sale proceeds.

The easiest way is to use a Call Option as…[Read more]

As Alistair mentions there are so many ways to calculate serviceability that one thing is for certain there is no rule of thumb.

If you compare serviceability across say a dozen lenders you will undoubtedly get a dozen different results.

Each loan should be tailored to your individual needs and requirements at the time and also in consideration…[Read more]

Remind me to check my finance dictionary for the acronym of the word FOG

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

The loan through Devine is funded through a company called First Permanent a based Brisbane Company.

Yes the rates of interest are slightly higher than the standard Bank rate but in saying that those lenders offering a 100% loan charge a higher rate anyway.

All i would say is you have to ask yourself if they pay my stamp duty (well thats what…[Read more]