Hi Steve, good to see you up and about at this hour!!!

Originally posted by allymac:
I have loans with westpac, interstar, Adelaide bank and Nationwide.

I would be moving the lot. Excluding Westpac, your lenders are not competitive on rate regarding fully documented loans.

I have tried to get a loan with HSBC and St George but they are telling…[Read more]

If you let the Police know, they will call the number for you or at least log it for future protection if you know what I mean.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

No. Haven’t seen it so I don’t know what you mean. Is it a voyeur thing?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I think the only reason the yanks come to Aus is because Qantas is the only commercial airline not to have planes dropping out of the sky and they have to fly via Sydney or Melbourne to get across the States!!!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

The 61 means it is an Aussie number. Just ring it and check it out. It could be one of those ‘Hot Sex’ SMS services you subscribe to and forgot to cancel!!!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I thought that myself (re accountants) after I posted. hahahaha

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I think my earlier post answers your question already.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I consider WA as one of the more stable States.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Hi Red,

In my honest opinion, I think newcomers should stay right away from organisations like this. They portray themselves as those helping others but it is so clear to those who know that they would not be wasting their time if they were not making a lot of money.

The ‘Support Member’ structure is of interest to me as I expect they get a…[Read more]

I think you guys misunderstand what the Reserve Bank can actually do. They are not restricted to cash rate movements. They just realised in the early 90s that keeping inflation within the 2-3% worked well for the economy.

They have various other tools available to them one of which is to give piblic statements or warnings to instigate change…[Read more]

I think you guys are missing the point of unsecured. The loan to the company is unsecured. The guarantee they seek is secured.

I notice you made no mention of cash in the bank increasing. Turnover does not qualify you to service the loan. If you ceased business today and it was a tough market, how much money would you have left? That would give…[Read more]

I thought it was one of Steve’s mantras to do things ‘DIFFERENTLY’!!!!

I make it a point to be against the majority.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Inflation increases prices across the board in most cases. That would include property prices even though they are not counted in the CPI.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Richard, until they have set fee for service as a requirement for all Planners, I think it is near impossible to find an impartial one. They get paid huge upfront and trailing commissions from a variety of different suppliers.

I have a mate who is a Financial Planner (and handles some of my insurance needs) and he charges fee-for-service. I…[Read more]

All sounds good to me except claiming the interest on the LOC to pay your investment loan.

I am tipping an ATO ruling in the very near future to clarify the confusion regarding that structure.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Just go out to Homeworld or Villaworld out near Penruff (Penrith). There are heaps of homes at all different stages there and close by.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

$14,500 sounds unusable unless your house is worth about $100,000. Regarding your family’s property, it is better if they just apply for their own loan and give you the money. It is much harder to use guarantor’s these days. Them getting their own loan also keeps things nice and tidy and very simple.

Robert Bou-Hamdan
Mortgage…[Read more]

That article lost my interest the second it said “Home owners beware”. Why does the media feel the need to use scare tactics to get people to read a story? The article was as mild as any economic article could be. I guess I better “beware” and hide all my money because the writer thinks something terrible is about to happen!

Robert…[Read more]

Councils do not like commercial business operations in a residential zoned area. Home offices or home businesses are an exception to this. I don’t think they will approve a commercial lease in a residential zoning. It sets a dangerous precedent.

I think a 3rd bedroom would add more value if the living space that is left is sufficiently large…[Read more]

Lenders also have exposure limits that can be restrictive regardless of how good your serviceability.

I find that for people who are always wheeling and dealing with their finances and compulsively applying for credit for whatever reason tend to have a lot of problems. It does not show any type of loyalty to a lender so they respond in…[Read more]