Why is it ironic?

Robert Bou-Hamdan
Mortgage Adviser

0414 347 771
robert@mortgagepackaging.com.au
http://www.mortgagepackaging.com.au

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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

No problem.

Goodnight and Merry Christmas.

Robert Bou-Hamdan
Mortgage Adviser

0414 347 771
robert@mortgagepackaging.com.au
http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

I told you the rates. “Standard” just means NOT a line of credit or non-conforming (for those with adverse credit history) loan.

Robert Bou-Hamdan
Mortgage Adviser

0414 347 771
robert@mortgagepackaging.com.au
http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be…[Read more]

Interest rates start from around 6.45% for standard loans, under 6% for introductory rate loans, various rates for fixed loans between 6 and 7% depending on how long and higher from different lenders.

It all comes down to product choice.

You do not submit the loan as a wrap. The loan has nothing to do with the wrap. The interest rate you receive…[Read more]

Sorry mate,

Low doc loans do not require income verification and you can borrow usually up to 80% of property value. Interest rates are sometimes higher. You may or may not have to declare an income amount.

http://www.mortgagepackaging.com.au/index_files/low_document_loan.htm

No doc loans require identification and proof of ownership (rates…[Read more]

Low doc or no doc loans are available to you because you have equity.I would suggest no doc and investing in positive geared properties to increase your income.

You will be restricted to borrowing about 65% of your home value but this should be enough for one or two small positive properties.

It is a very simple process and should help you…[Read more]

Originally posted by JustAllan:
My wife & I are really struggling with a decision. That is, if to buy our first PPOR or an investment property.
This one is totally up to you.

If we found a neutral-geared IP (its incoming rent would cover the IP loan repayments), will we be able to get a second loan?
You would if you had the income to service…[Read more]

There is always something. How about gym memberships or new push-bikes?

Some of the people on this website have done some amazing things to increase rent.

Robert Bou-Hamdan
Mortgage Adviser

0414 347 771
robert@mortgagepackaging.com.au
http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general…[Read more]

Search for Caravan Parks. We recently discussed this. I would not touch them.

Try this link…
https://www.propertyinvesting.com/forum/topic/14502/1.html?sortfield=&sortorder=&SearchTerms=caravan

Robert Bou-Hamdan
Mortgage Adviser

0414 347 771
robert@mortgagepackaging.com.au
http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click…[Read more]

I have been told it is a matter of approaching the tenants and asking what they want. An example is:

If I install air-conditioning, would you pay an extra $10 per week rent?

Robert Bou-Hamdan
Mortgage Adviser

0414 347 771
robert@mortgagepackaging.com.au
http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made…[Read more]

I see your dilemna. It is happening a lot in the current market. I guess patience is the answer.

Robert Bou-Hamdan
Mortgage Adviser

0414 347 771
robert@mortgagepackaging.com.au
http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2…[Read more]

I am not into mucking around anymore. It is all a means to an end….. THE BOAT!!!

Robert Bou-Hamdan
Mortgage Adviser

0414 347 771
robert@mortgagepackaging.com.au
http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage P…[Read more]

Paul,

Wrapping is totally different to what lenders do. With lenders, title passes to the borrower and they hold a mortgage. With wraps, title does not pass and the wrappee can lodge a caveat which can not be done by an owner (because they own the property).

Lenders sell without regard for loss to minimise potential further losses and as they…[Read more]

Do you not have any equity available for the deposits? You did say your properties have increased in capital value…

Using existing equity is common for further investment properties.

Robert Bou-Hamdan
Mortgage Adviser

0414 347 771
robert@mortgagepackaging.com.au
http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click…[Read more]

Mark Unwin is the guy I will be using from next year. He is also Steve and Dave’s accountant.

Email him at marku@wp.com.au

He is in Melbourne.

Robert Bou-Hamdan
Mortgage Adviser

0414 347 771
robert@mortgagepackaging.com.au
http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and…[Read more]

I am familiar with SIG

<edited>

I will see what pans out through this forum.

Robert Bou-Hamdan
Mortgage Adviser

0414 347 771
robert@mortgagepackaging.com.au
http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage P…[Read more]

Originally posted by JustAllan:

Um… It’s not that big a hurdle. For instance, if he’s in NSW the government has what they call the “Government Guaranteed Loan Scheme”. As it sounds, it virtually guarantees loans to low income earners who are in, or qualify for, public housing.

Start at http://www.nsw.gov.au and follow the housing links -…[Read more]

Come on Lucifer, the story was in the paper so it must be true and accurate!!!

Robert Bou-Hamdan
Mortgage Adviser

0414 347 771
robert@mortgagepackaging.com.au
http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage P…[Read more]

Firstly, the horses name is Friday.

Regarding your equity, you will not be able to refinance up to the value of your property. You can go up as high as 95% but mortgage insurance will cost you around 3.5% of the loan amount. If you work with about 90% of the property value, that is how much equity you can use after your current loan is taken…[Read more]

If you can afford that one, you can afford a residential property worth a lot more if you borrow. The problem with land zonings is that may never change.

I bought a parcel of land when I was 18 in Erowal Bay – Jervis Bay (I am 33 now) and a few months later the land was zoned as National Park after Greenpeace got in to protect some crappy flowers…[Read more]