Hi Jxf

Feel free to shoot us an email or send us a PM and be happy to offer some suggestions.

Hi Unreal

I thought the old days of lenders saying you were rent reliant had been and gone. I have financed many a deal for clients with a dozen or so properties and i personally have a lot more than that. Might just be your own lenders exposure.
Think you might need a general overvue of your total position.

Cheers

Yours in Finance

Terry it is not relevant but it makes good advertising.

Cheers

Yours in Finance.

Premium home loan: Save $700 (application fee waived until 31/12/2010)
Currently 6.70% life time discounted variable with no application fee (includes 1 standard Val up to $220 inc gst)
No Annual Fees
No Monthly Fees
No Break Costs
Extra Repayments
Option of a 100% Offset available with our Lite Direct Transaction Account $3.99 monthly fee
Free On-Line Redraw to a bankwest account, pay anybody also available
Up to 90%LVR Plus Capped LMI with no genuine savings required
Up to 95% LVR Plus Capped LMI with 5% genuine savings over 3 months
For the purchase, refinance or construction of an Owner Occupier or Investment (personal investment only) residential property
Minimum Loan Size $20,000 when the customer opens a Bankwest Transaction Account, no transaction account required with aggregate personal home loan borrowings of $300,000 or more
Interest Only up to 5 years
Existing home loan customers can transfer from another product to the Premium, $495.00 Transfer fee applies

Premium Select Home Loan Save $700 (application fee waived until 31/12/2010)
Currently 6.60% life time discounted variable with no application fee (includes 1 standard Val up to $220 inc gst)
No Annual Fees
No Monthly Fees
No Break Costs
Extra Repayments
Option of a 100% Offset available with our Lite Direct Transaction Account $3.99 monthly fee
Free On-Line Redraw to a bankwest account, pay anybody also available
Up to 90%LVR Plus Capped LMI with no genuine savings required
Up to 95% LVR Plus Capped LMI with 5% genuine savings over 3 months
Minimum Loan Size $250,000 with total personal home loan borrowings of $750,000
For the purchase, refinance or construction of an Owner Occupier or Investment (personal investment only) residential property
Interest Only up to 5 years
Existing home loan customers can transfer from another product to the Premium Select, $495.00 Transfer fee applies

Refinances are limited to 90% plus capitalise LMI
90% plus capitalise LMI requires no genuine savings, gift, sale of asset etc can be considered
Above products are also available at lower LVRs

Cheers

Yours in Finance

Cathy, it come in lower for a reason ……probably wasnt worth that much.

Ask the Selling agent to pay for another valuation and see what he says.

Cheers

Yours in Finance

Advantedge charge an extra 0.15% loading on vacant land and during the construction phase.

Wouldnt be too hard on your Broker as it is a good product maybe something that you didnt want given the rest of your circumstances.

Vacant land doesnt limited your choice.

Cheers

Yours in Finance

Why would you pay down the principal rather than merely deposit the funds into the offset account.

i would switch the loan to Interest only.

This gives you flexibility as well as protecting the tax deductibility of  the interest.

P & I with xtra repayments gives you little to no room to move.

Cheers

Yours in Finance

Have you considered a Shared Equity Loan?

Fairly strict criteria but excellent option for the right client.

Cheers

Yours in Finance

Many lenders do require this many dont.

Not sure who the lender is but i think i can figure a guess.

Had a loan for a client approved today with a DFT and Company Trustee and standard 6.55% vairable rate, No application,valuation fees etc. No requirements for Adult Beneficiares to sign Deed of Trust and no legal fees to assess the Deed. be suprised how many lenders dont treat these applications as Vanilla deals and try and load the interest or applic / legal fees.

Normally your Broker would have advised of the requirement when you lodge the application so you could be prepared.

if you want to settle on time i would be complying as quickly as possible.

Cheers

Yours in Finance

As Terry said no point in doing a "cash out" for a deposit on another IP and finding your new lender uses the same mortgage insurer.

Your Broker should be able to advise who uses who ?

Cheers

Yours in Finance

Yes but they charge 16% per annum.