Regarding the LOC, it is automatic that the loan would be paid down quicker if income is greater than outgoing.

Regarding loan structure if you change your PPOR to an IP, there is no need to change the loan. It is secured against the property, not the use. You will still own the propery and the lender will not say a word if you keep making your…[Read more]

All Sorts, the idea is to generate income from using the equity that exceeds the interest expense. You only pay for what you use so having the money sitting there waiting for the right investment will cost nothing.

Robert Bou-Hamdan
Mortgage Adviser

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

FREE…[Read more]

How about requesting 18 months rental history?

Robert Bou-Hamdan
Mortgage Adviser

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

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

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

Showing you someone else’s offer is a breach of the Privacy Act. The agent would probably be showing the other buyer your details. As I am a “mercenary” (thanks wayneL), I would use this in my favour.

I would inform the Agent of their Privacy Act breach and that I was considering making a formal complaint about it. I would then offer $100 more…[Read more]

Firstly, I should qualify my Tassie comments by saying my opinion relates to long-term (more than 5 years).

Booty, what I mean is that a lot of investors need to see and touch things before they buy. They cannot bring themselves to buy sights unseen. As many of them cannot travel, this restricts their investments in property to the area where…[Read more]

I assume you bought this property off the plan. Congratulations on your increased equity. I think you may need a little more growth to use it to get another one unless you have a small loan secured against the property.

Regarding books, there are so many to read. I would try Steve’s books.

https://www.propertyinvesting.com/resources

Robert…[Read more]

Did everyone know that NSW was the second most litigious State in the world after California?

Things are getting ridiculous. Either we sue each other on a whim or people are just getting dodgy or desperate and everyone is ripping each other off.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W:…[Read more]

I agree… call the law society and discuss it with them. They are sending you on a wild goose chase to take the heat off them.

Robert Bou-Hamdan
Mortgage Adviser

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

FREE Finance-Related Newsletter: See -…[Read more]

I would bet that if the lawns grew wild and the Council got involved, it would be the landlord who cops the fine for not maintaining the yard. Placing something in the lease may give the landlord some recourse – ie: keeping some bond money.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W:…[Read more]

It is not advertised on radio. It is just listened to on radio. You have to be in close proximity to the house to hear the transmission. Each house can have a different frequency depending on its location in Australia.

Robert Bou-Hamdan
Mortgage Adviser

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

FREE…[Read more]

Interesting comments about being “snookered”.

I find that the power lays with the purchaser. The sale is effected at exchange for the purchaser because an order for specific performance (ie: forcing the vendor to sell the house) can be made based on an executed contract of sale.

The poor vendor will be lucky if they can keep the 10% deposit if…[Read more]

I would also clearly define each partner’s role so there is less chance of disagreements.

Robert Bou-Hamdan
Mortgage Adviser

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

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

Comments made are of a general…[Read more]

The first rule of poker is to not play!

Robert Bou-Hamdan
Mortgage Adviser

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

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

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

I can’t see ridiculous land tax and stamp duty staying around for too much longer. The Liberal Federal Government takes control of the Senate in March and there will be nothing to prevent the passing of bills by the Liberal Government.

I believe Howard is out to get the Labor State Governments in this area. I hope he cancels Land Tax and Sales…[Read more]

It is only bad when things go a bit sour or you are looking to move quickly with property dealings. Anyone that has cross collateralised properties must remember that the most saleable property will be sold first in the event of a lender taking possession!

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W:…[Read more]

How many 95% refinances with LMI cap have you done Brahms? I have never been asked to do this and would find an alternative as the LMI premium is way off the planet at over 3%.

Robert Bou-Hamdan
Mortgage Adviser

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

FREE Finance-Related Newsletter: See -…[Read more]

Hi Destined…

You could use the rental income in the serviceability calculations to borrow more money but they will also look at the rent you currently pay. Unless you want to move back in with your parents rent free, the two would mostly likely cancel each other out. Remember, they will only use about 75% of the rental income in servicing to…[Read more]

You are right about one thing… nearly every client I see has no idea what their current interest rate is. I would take a close look at any loan that is more than 18 months old and you will probably find yourself refinancing immediately.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W:…[Read more]

I just don’t like losing control of a negotiation. I want to know when an where my offer is accepted or rejected.

Robert Bou-Hamdan
Mortgage Adviser

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

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

Comments…[Read more]

Ear infections are very common from dirty pools. Who knows what else they can get?

Robert Bou-Hamdan
Mortgage Adviser

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

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

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