Hi Intrigue

Firstly ask your Bank manager which mortgage insurer they use.

As a guide you can look on the Genworth website  http://www.genworth.com.au/ and this will certainly give you a good estimation but remember each lender has slightly different scales and in some cases there are the odd one or 2 lenders who charge a fee or similar instead and this could be considerably cheaper than LMI as long as you fit the criteria.

Of course your Bank is not going to tell you that.

Cheers

Yours in Finance 

GOM with apologies that should have read "Quiver".

I assure you they dont get quicker over $1M.

Cheers

Yours in Finance

In my opinion good product but a bit conservative when it comes to serviceability model.

It was strategy i used with Anz succesfully in the mid 90's and acquired our 40 properties.

Now we have almost paid down the entire debt so product is not so important but certainly has a place.

As Michael mentioned over $1M they start to quicker a little and always good to spread your risk.

Cheers

Yours in  Finance 

Hi GOM

Hate to say simple answer is no as the Bank will want a Guarnatee from the Director /s

Andrew assuming you are the sole Director and the Trust isnt a Hybrid Trust then i cant see a problem.

The loan would be in the Company name as Trustee and you as a Director providing a personal guarantee.

With regards to the question as to whether it increases your borrowing capacity the simple answer is NO.

You are providing a Guarantee for the debt and therefore this would need to be disclosed in other applications.

Cheers

Yours in Finance

Hi Matt

Capitalising interest is not standard in the residential arena more in the quazi development / commercial space.

It would all depend on the loan to value ration to whether the interest could be capitalised during the construction process.

Cheers

Yours in Finance

You have to be kidding me.

I have done 2 deals this week alone for forum clients who were buying in the name of XYZ Pty Ltd ATF ABC Family Trust.

I accept that many Brokers may not understand the concept but it is fairly straight forward.

One forum client this week told me her Broker had said she couldn't get more than an 80% lend using a Corporate Trustee and when i found out which lender he put the deal to i can undrestand why but we got 90% and at 0.45% less so client was happy alround.

Cheers

Yours in Finance

At that price i agree i think they are overpriced.

Give Lee Doyle a ring at LJ Hooker Narangba and he will give you a honest opinion of the area.

Sells a lot of property and is a good young fellow to boot.

Cheers

Yours in Finance

Agree with Terry on that one.

Qld for one did away with And or Nominee Clauses and avoiding double Stamp Duty.

Cheers

Yours in Finance

As Jamie has mentioned it is not the best rate but in saying that it is not the biggest loan.

For 20 bps here or there i wouldnt not waste time thinking about refinancing but on focusing how to buy your next IP.
The saving in annual interest will probably be taken up in the costs of switching. 

Be suprised how much more important interest rates become when you have 20 properties.

Cheers

Yours in Finance

Sorry Michael but i have to disagree.

The investment decision making of the fund is set by the Trustees and not the Accountant / Financial Planner and whether such an investment can be made is outlined in the Investment strategy normally set up with the original Trust Deed.

Certainly a member might take advice from an Accountant / Financial Planner.  
 
I own property overseas in my SMSF (In the Uk admitedly not the USA) and have done for years and such investment has never caused a problem on the Annual audit. 

Cheers
 

Yours in Finance