Originally posted by kay henry:
Rob, when Steve asked me to moderate, he asked me to do two things: to remove advertising and to remove posts or threads that I found to be offensive. That’s it- that’s the entire job description.

What if someone considers your post offensive though? Do you not agree you are restricted in how you can post? It all…[Read more]

Originally posted by kay henry:
But if you critique other companies, then I imagine you would understand if people critique Derivex. As a policy analyst, it makes perfect sense to me to critique stuff, and to have my own thoughts and words critiqued.

Great answer!!!

I am not concerned about the critique of Derivex as I will join you on that…[Read more]

Originally posted by surreyhughes19905:
[biggrin]If you told me the sky was green and failed to provide a definition of green that would effectively equal blue

Actually, the sky is Grey. It only appears blue due to the reflection off the vast ocean surfaces of the world.

As your belief that the sky is blue is incorrect, so to is your simple…[Read more]

Originally posted by surreyhughes19905:
I don’t understand.

EXACTLY!!!

So why comment negatively on something you state you do not understand????

Are you just following the flock?

The Mortgage Adviser
http://www.themortgageadviser.com.au

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The only people that lost actual dollars (not time) were those who signed contracts on new purchases or undertook ‘strategies’ they clearly could not afford prior to receipt of funds.

From what I know, no-one lost their application fee.

The Mortgage Adviser
http://www.themortgageadviser.com.au

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Peace, I think you should be listening to him. Make sure you get some appropriate advice regarding various strategies.For example, I am not a fan of ‘living off equity’ as a ‘strategy’ for the not so wealthy. Be patient and things will happen.

The Mortgage Adviser
http://www.themortgageadviser.com.au

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That is the biggest load of RUBBISH I have heard.

Please tell me how your simple idea of no deposits helps you when the buyer pulls out at the last minute due to a property price slump and you have lost three or four other willing buyers who are now no longer willing. How are you going to recover the deposit which YOU WOULD BE ENTITLED TO…[Read more]

Try these links:

http://www.mortgagepackaging.com.au/tma/index_files/essential_links.htm

And in particular, this one:

http://www.abs.gov.au/

The Mortgage Adviser
http://www.themortgageadviser.com.au

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They tell the lender it is for future property investment purposes. It is a pretty simple process. Flick me an email if you need more info.

The Mortgage Adviser
http://www.themortgageadviser.com.au

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Kay, if you would like to say something about me, just say it. There is no need to pussy foot around. I am a big boy and can take your comments on the chin.

As for many of the comments in this thread, they are just speculation. How many more times does it need to be said…

THEY WERE STOPPED DUE TO A MANAGEMENT BREAKDOWN!!!

Kay, before you jump…[Read more]

Originally posted by Dazzling:
‘Reality is seldom captured by glib, obtuse one liners from supposedly successful life-coaches’ ……..Dazzling

I agree, but they often make you stop and think about a situation in different ways that may result in a benefit being obtained. They can’t hurt.

The Mortgage…[Read more]

Check out:

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

Low doc loans usually require 20% deposit plus the fees. Some lenders go higher but you will paying through the roof for interest rates. This would be more expensive than the 100% loans.

Regarding the 100% loans, you would not qualify if you just started…[Read more]

Many studio apartments are a little difficult to finance at the higher levels mainly due to their size. Some locations are also flooded with them which makes them even more difficult to finance. This should not be a problem in Neutral Bay though.

The downside of the them is the minimal capital growth that seems to go with them. It just slows you…[Read more]

How about including an example whereby you keep renting and buy an investment property to show some more appropriate figures. Your example misses a lot. For example, most of the decrease in value has already occurred and it is unlikely that you price in example 2 would be achieveable on a decent property. It may well be achieveable on high density…[Read more]

It is your choice either way. Have you ever wondered why they take brokers with less than two years experience?

The Mortgage Adviser
http://www.themortgageadviser.com.au

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Interesting comments and very irrational. Your wife can take more than half of it as she is entitled to it for being married to you. If it is not insured properly, any litigant can take the lot or you would be forced back into bankruptcy again.

It makes no difference how hard you work. A company is not bullet proof especially from a pissed off…[Read more]

I am interested in two things…

1. What makes you think your wife cannot get half or more of your company?

2. Why do you think that more experienced and much larger operators pay more than a one-out operator like yourself?

The Mortgage Adviser
http://www.themortgageadviser.com.au

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I thought I was being funny!!!

I don’t have a crystal ball but I do have common sense. I have been advising against off-the-plan high rise stuff in Brisbane since mid last year. There is a clear over supply which always results in one thing – price decreases.

My opinions are my own and, as is typical with most ‘older’ people, they think dollars…[Read more]

Originally posted by upandcoming:
Lets see how spot on they are as time goes on.
Yes I have serious issues with banks.But I took 10 cents literally and turned it into a decent business that is growing.The first thing I sold out of bankruptcy I did not even own nor could afford to buy.I sold it got paid for it and used the buyers money to purchase…[Read more]

Hey Steve, you are up late. I think the 90/10 would be a problem as it is a mining town. The mortgage insurers probably won’t go there.

The Mortgage Adviser
http://www.themortgageadviser.com.au

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