Skippy, your question has been answered. Why don’t you go speak with a mortgage adviser? I personally don’t like giving out lender names who I think have the best product as people have a tendency of going direct. What area are you in? Maybe an adviser here can meet with you.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Stu, I am interested in seeing the discount over 500k as the 0.82% discount was restricted to 250-500k.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Originally posted by Damo:
I have heard / read about a number of investors that use low or no doc loans. What sort of proof of income do I need have ?

You do not need any proof of income. That is why they are called Low Doc or No Doc.

To use them, you will find you are usually restricted to a maximum 80% LVR (Loan to Valuation Ratio). Also,…[Read more]

I will post my rough figures (as I am not an accountant) soon but I am looking for what sort of number people come up with after the 5 years – ie: what do you walk away with after 5 years and does this number make you believe this investment is good?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

In a cast of thousands, you will always get loonies or those with alterior motives.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Salubrious, I am happy to meet you face to face anytime you want. Unfortunately, the only actual ‘proof’ I will accept regarding the loan is contact from HomeSide that is legitimate. An email from your BDM is more than sufficient.

Why will you not post your details here? We do need people to know who is making the bet so the truth about what…[Read more]

Woods, the My Credit File feature is great. I use it myself.

http://www.mycreditfile.com.au/

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

US ss also expecting quite significant rate rises in coming months.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

There is no such thing as a ‘SECRET’ to wealth. There are just different strategies.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Hi Benedict and congratulations on ‘coming out of the closet’!!!

My girlftiend is in very much the same situation as you. She was reading the site for a while before recently becoming a member. I am very happy that she does spend time reading many of the posts here. (HI BABY!!!)

Anyway, the reason I get defensive about posts like that from…[Read more]

A last name may help a lot. There is not much on the internet about them that I have found with a quick search.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I almost forgot one important condition….

You must publicly post your company name, personal name and a point of contact so I can directly contact you before this bet is active just so I know and everyone else knows who I am making a bet with.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I told you I will send you business if you could prove it. I am also happy to shout you and your clients to a night out if you can get a BDM from HomeSide to email me at robert@mortgagepackaging.com.au and confirm that you settled a Line Of Credit without an introductory rate at the rate you stated following the last interest rate increase.

If…[Read more]

I would not be pushing to increase rents in the current market unless the rental demand in your area is high.

If the tenants move out as a result of your $30 rental increase request and the property sits empty for just 2 weeks, which is highly likely, It would take you 18 weeks just to break even (assuming the rent was $270 and increased to…[Read more]

Which product do you consider the cheapest?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

How sensitive are you? How can anyone consider ‘dreamer’ as an insult? Screaming “slander” is also ridiculous. See my comments for what they are… merely challenging your ‘claim’.

You stated 6.62% under 250k and 6.50% up to 500k. I have very strong contacts in HomeSide and I know this cannot be done. Regarding there always being someone out…[Read more]

In Sydney…

Stay away from inner city and surrounding suburbs.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Risk profiles and education play a huge part. Some people cannot go near shares, etc because it makes them freak out. Property, on the other hand, is considering a much safer and easier to understand investment.

I think if people actually looked at the real returns on property, they would not go near them in many cases!

Robert…[Read more]

How can the ATO slug you for renovating your PPOR and selling before buying another if you live in each property while renovating?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Originally posted by Magellan:
“Then there is the stamp duty issues if you want to change the title details. It can be done at no cost if inter-family with parents and child but can be extremely difficult.”
I would be grateful if you would explain the above—or point me in the direction of how to achieve this. All the best to Forum members from…[Read more]