Dazz, are you suggesting 86% – 90% LVR on a SINGLE STAND ALONE commercial security is not difficult to obtain?

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Originally posted by upandcoming:
I didnt think you had too many brains but now I am certain.

I am not the one who went bankrupt mate. I must have a few more brain cells than you.

If you had read what I wrote you would understand.

I did read what you said and totally understand. You are tryin to palm some blame off onto the banks for lending…[Read more]

Yes Herb. As long as you do not move into one of your own premises and keep renting. The 6 year exemption will continue to apply on your old PPOR.

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Usually all fees are seperated by title. You can negotiate a better deal though.

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

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Sorry I am not Terry but the CGT thing is in reference to getting a 6 year Capital Gains Tax exmption on your PPOR if you do not buy another one and move into it – ie: you rent during this time.

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http://www.themortgageadviser.com.au

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It is not a particular question but just to know in general. I was asked this type of scenario a few days ago and was interested to know for myself. Don’t go out of your way for it.

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I don’t think many of the lenders will have a major problem with this if you can service the loan from them and the loan from the vendor. You would have to stay out of mortgage insurance territory in most cases though if you did not put any money in as they have a genuine savings requirement. This means borrow 80% or less from a lender.

As for…[Read more]

Just check the interest is being calculated properly. A Principal and Interest repayment is a little harder to calculate than Interest Only but it is really all you have to check. If other fees or charges appear, you can check those as they arise.

There are some calculators at the link below that might help and they are FREE to…[Read more]

Ok. No problem, I am familiar with the better deals for blue chip tenants.

I was asking about a retail shop type investment with a hairdresser on a 3 X 3 year lease in a suburban strip mall.

Would the lower rates still apply or is 8% and 70% LVR good in this type of situation?

I know I can get cheaper with wholesale funding but I am just…[Read more]

Yu would probably get a decent rate for the first 70% or so and then a huge rate for the remainder. This will most often be second mortgage or caveat finance territory which can get pretty scary. I guess, when averaged over all borrowings, the overall interest rate would only be slightly frightening.

The Mortgage…[Read more]

Dazz, it is actually a product you are taking. The money comes from any institution and will be the same. What makes it the best source of that money is the product they offer you… ie: interest rate, features, service, etc.

I don’t think I ever suggested that ‘people’ don’t shop referring to any kind of majority but rather stated that I have…[Read more]

See, I did not lose anything. As for why I did not post about the bet in the other thread, I just didn’t think about it in those messages. It was not an attempt to hide anything as I wrote it here so there is nothing sinister about it.

Simon, I am not upset. You know me and you know that I would have been laughing my ass off about the whole…[Read more]

So, will you tell us who it is? One of the cheapest Commercial rates around that I know of in retail lending is mid 7’s and that is fully documented. How do you get low 7’s for low doc? I am stunned!

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

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Leo, I am actually working on a very long project on the computers so I do not have much of a social life at the moment.

Just to address some of your other comments…

If you think people cop it hard here, wait until you step over the line at Somersoft. It is ridiculous.

As for wraps, I am not a fan of them and have no problem here when I speak…[Read more]

See, interesting post. I am happy to discuss any topic that does not involve personal attack. Also, if in doubt as to my intention, I would prefer being asked.

The jist of your post here appears to me to be telling me to conform or be banished. Feel free to confirm or deny this. What sort of advice, information, dialogue, debate, discussion would…[Read more]

Leo, I was T.M.A. with the same signature over there.

A lot of the information provided at Somersoft is incorrect or incomplete and when someone tries to correct it, they are silenced very quickly.

This time it was because I outlined that you could gear 100% on shares through managed funds and argued that real estate agents should get a flat…[Read more]

I must say that they would be returning a lot of money. My loan is spot on every month. It is difficult to get it wrong when it is interest only and a set repayment through direct debit.

Mark, I am sure any mortgag broker would be happy to check for you. There are not many errors they can make.

The Mortgage…[Read more]

Who does low 7’s? Do they request a heap of evidence to support strength? I am not a fan of commercial loans at all. I try and use residential lending as much as I can.

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

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Actually, it is ‘et ors’. I prefer using this from my French heritage. It means the same thing – ‘and others’ (not dictionary meaning and probably spelt wrong).

Is it ok for me to use French?

I also believe it is commonly used in legal jargon to refer to the same thing. Probably from Latin.

The Mortgage…[Read more]

Sea Change, tell your mates over at Somersoft that I appreciate their accepting me back and the ’24 hour’ poll that was to be undertaken on whether I should be allowed to stay or not. That lasted all of ten minutes.

They are way too sensitive over at Somersoft!!!!

I have lost what little respect I had for some of the Mods there.

I hope you,…[Read more]