The only recent change is…

UPDATE – ASIC on 3/5/05 released all document originals produced under notice to our solicitors. Individuals can contact Derivex on 9299 4100 if they have a need for these documents to be returned to them.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I would be taking a loan at 6.72% variable if I was at 60% LVR on a low doc. No ongoing fees and charges and no deferred establishment fees. Only $400 application fee.

Any good broker can help you get this loan.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I am very impressed with the Budget. I think it will fuel a bit of growth through additional spending and investing and balance things up a bit more. It certainly offsets the decreased cashflows incurred by all following the last interest rate increase.

By the way, I was born and bred in Sydney.

Robert Bou-Hamdan
Mortgage…[Read more]

I do not read self-help books. I do not need them to tell me to be confident. Regarding challenges and problems, you are way of the mark. I have one particular problem at the moment which is rather annoying. You might know ‘HIM’! I am also facing a challenge which is to get rid of the problem.

You are extremely one-eyed in your opinions and your…[Read more]

It is pretty difficult to service a debt when you only work part time. The biggest problem would be faced if you got a loan and the tenant vacates.

When lenders look at serviceability, they make an allowance for living expenses. This usually eats up most or all of a part-timer’s income and leaves nothing else to service the loan.

You might be…[Read more]

Amused, your post is very difficult to understand but can you just clarify if that was directed at me?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I don’t see the point in having the property in your name anyway when she gets all capital gains when it is sold. What happened to the proceeds from the sale of your 4 properties?

I don’t think it is a good move to transfer the property in any case.

To avoid mortgage insurance, you have useable equity of $30,000. After transfer costs, this will…[Read more]

Unfortunately, the law requires all offers to be passed on to the vendor in NSW. I am not certain if this applies in all areas of Australia but I imagine it would.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

If there is trust in the relationship, why will your mother in law not just let you use the equity and you pay her loan for her (assuming you can afford all the finance)?

How much is owing on the property anyway?
What is the property value?
Is there even enough equity left after transfer costs?
Are you a first home buyer and which property will…[Read more]

Do they have an equivalent to a NSW Chamber Magistrate in Queensland. They are extremely useful here with getting things done and they are FREE!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Good post resiwealth!!!

I was trying to convey that regardless of all the doom and gloom stories everywhere (especially here from dmichie), some good stories can come out. When I am driving and come to road blocks, I look for detours. I guess that most ‘positive’ people (and I don’t mean people who are bullish) would be also looking for the…[Read more]

Originally posted by Rodsway:
you never returned my email rob.

Just to address this again…

I received an email from you on Saturday 30/04/2005 at 1:14 am. I responded on Saturday 30/04/2004 at 1:54 am according to my records. Would you like proof? Did you not get my reply?

Considering the day (night) and promptness of my response, I think I…[Read more]

An interesting article appeared in Australian Broker which I received today. It is about BDM’s or RM’s and what they dislike about brokers. It comments about:

– Repetitive or stupid questions
– Incomplete enquiry forms
– Not being contactable
– Requests for marketing support
– Mass e-mailing, then going with the competitor
– Providing…[Read more]

Originally posted by Rodsway:
you never returned my email rob.

thought that would be in your job description.

What email would that be Rod and when was it sent? Are you certain I didn’t respond and you just never received it? I hear a lot of people have problems with junk email filters. I always answer my emails as many here can verify…[Read more]

Originally posted by Dazzling:
I use the CBA directly and find they are able to deliver loan products at an interest rate that all broker sourced products are not able to compete with.

I would guess you are not familiar with matching policies between banks and brokers. You do realise that by going direct, you obtain no information about other…[Read more]

dmichie, the reason I take issue with your comments is because they are not impartial, they are repetitive and you misinterpret everything that is said by others.

There is another category besides bullish (positive) and bearish (negative). It is called ‘neutral’. I neither believe any bubble will burst nor do I believe things will boom. I am…[Read more]

I would come sailing but I am worried Simon’s boat might sink if I jump on!!!

Interested imagery regarding the dog though… have to see it.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

What do you think that little thing called the Free Trade Agreement is all about. The Government is trying to increase export sales through new agreements.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Thanks for that Jenny.

I actually met Jason through Simon Macks (aka Mortgage Hunter, aka Super Moderator) from this forum. He is a good bloke as well.

Unfortunately, he is from Newcastle but we won’t hold that against him!!!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Terry already posted this earlier. I am not eligible!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links