Surrey, I think you need to downgrade that figure to 3.50% or less in Sydney. 5% gross is considered an amazing return on most Sydney investment property.

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

Essential Links

Hey dmichie, did you write to the media about your negative outlook? I just saw a news update where the media is suggesting interest will increase 1.50% by the end of the year. I personally don’t see it but it fits with your ideas about our economy.

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

Essential Links

95% and 97% loans are the same rate as 80% or lower loans. The main difference is the mortgage insurance you would have to pay. This article might help…

Low Deposit Lending

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

Essential Links

Hey Steve,

I was about to post this as well but the stupid link in my email was dead. It is a good report.

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

Essential Links

1. 6 years exemption from when you move out as long as you do not move into another PPOR. You do not have to move back in before selling.

2. Renovations can be depreciated while it is rented. They will not be if you move back in.

3. Rent is included in your taxable income.

4. If you lived in the QLD property after leaving the other property,…[Read more]

The best time to buy is NOW.

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

Essential Links

Originally posted by Ibuycashflow:
It works in times of high capital growth and rental growth as well. You still need a large portfolio but this can be leveraged.

Does this comment not support exactly what I have been saying about a strong equity position?

The strategy is also used by developers, home renovators and even share traders (as I…[Read more]

Yes, but you would have had someone take care of all the issues you are facing without stressing yourself about standard forms. You might have also obtained a better deal.

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

Essential Links

Making your payments on time will not cause you any problems. If you have other accounts with them and you do not pay, they can always access those funds held in other accounts. No wording will help you but you can always change your account to another bank. Then they will only be able to access the one you sign an authority for.

The Mortgage…[Read more]

Originally posted by Dazzling:
No it’s not difficult.

So what does this refer to Dazz???

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

Essential Links

Most lenders will change a loan to interest only or vice versa following a phone call. May I ask which lender it is trying to charge you $4000 and requesting documentation?

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

Essential Links

A second mortgage is merely what the name suggests. A second mortgage is taken over your property. You will find it extremely difficult getting a second mortgage over 95%. In any case, if you can service, you can get 97%, 100% and even 106% finance on a first mortgage.

Downside of a second is the high cost and not many lenders will do…[Read more]

I would say NO unless you want to pay mega-interest. Also, things seem way too tight. Just regarding the Trust, it needs to be set up BEFORE a contract is signed or Stamp Duty will apply again.

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

Essential Links

They do not get the benefit of the doubt in Indo. It is an inquisitorial system whereby you are presumed guilty until you prove your innocence. Just because we use a different system does not make theirs wrong. She was clearly poorly represented in my opinion and damaged her own chances by playing it out in the media and did not prove her…[Read more]

It is less than $100 in all States and is the government fee for lenders to register a mortgage on your property. You also pay a fee to release a mortgage.

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

Essential Links

More space in the PM inbox folder would be good. 20 is not enough.

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

Essential Links

You don’t have to fix anything. It is a negotiating point for the buyer if they have to fix it. If it come down to a couple of thousand dollars for repairs, just take it off the sale price of the home and they can fix it themselves. You are not selling a brand new home are you???

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

Essential Links

You are being totally irrational.

A company costs a few hundred dollars to set up which makes the actual company pretty worthless. It is the trade and assets of the company that has value.

If you had two years full tax returns, the company could buy the vehicle without requiring your personal details. As you don’t have this, of course they will…[Read more]

The mongrel mob will help people out for a case of beer. The same applies in Aus with some of the bikey groups.

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

Essential Links

Which bit Dazz?

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

Essential Links