Originally posted by resiwealth:
Shorter, I don’t think The Mortgage Adviser can answer that because he is an expert with no real investing knowledge.

An expert is a drip under pressure … show me you portfolio or get mum to tuck u into bed.

Hi Resi,

You seem to know me so well. I wonder if you are Mr Philip Sigglekow of Residential Wealth…[Read more]

Originally posted by resiwealth:
Is it that there are a lot of very young people who are confused and don’t know where to start??

It might be. That is what this forum is for isn’t it? It is a great starting point for any new investor.

What is the most dominant age here 17 – 25 ??????

Don’t know.

How many people own investments here…[Read more]

Salubrious, you are dreaming. HomeSide would not do this rate on a standard loan or LOC. Qlds007 is spot on for LOCs.

Their lowest variable rate is 6.76% and lowest 1 year fixed intro is 6.39%.

Why don’t you post your company name, your name and contact details so I can send you all my old clients??

I personally think you have an old rate sheet…[Read more]

So why don’t you part with some cash and put your money where your mouth is – JOIN UP!!!!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

It is a common misconception that someone can pay to have defaults removed from their credit history. This is certainly not the case.

The ONLY times that a default can be removed is if the company who listed it notifies Baycorp Advantage that it was listed in error OR the person to who the credit history relates can demonstrate it was an error.…[Read more]

Shorter, interesting post. Your point???

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Actually, you do not need any genuine savings and you can borrow 100% for investment properties.

Achieveable alternatives may include 97% or 95% finance or even 106% finance for PPOR or investment.

Speak to a good mortgage adviser!!!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I think Steve was saying not to borrow all the money for the new purchase and secure it against the existing property.

I would borrow 20% PLUS costs ($75,000 maximum) against the 700k property and borrow 80% ($200,000) against the 250k property regardless if I had lots of cash or not. Both loans would be interest only.

If I had cash and wanted…[Read more]

Firstly, what does an 8 hour day feel like???

Secondly, use your savings to pay of the remaining debt on the credit card. Why earn 6% which is taxed and pay out 18%???

Finally, speak to a mortgage adviser before doing anything yourself. You have a few options.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Resi, it is common for the same questions or even questions you believe to be silly appear on a website like this. As it gets busier and busier and more people join, it will become even more common. It is the nature of the internet.

Experience levels differ so greatly. Not everyone knows how to do a search or how to retrieve older threads. They…[Read more]

Hi 2gurus,

I have decided to refrain from discussing anything to do with Derivex in this forum as it always results in a fight with a certain few. My comments will be limited to those appearing at:

http://www.mortgagepackaging.com.au/index_files/derivex_interest_free_home_loans.htm

If I feel like saying anything more about this topic, I will…[Read more]

dmichie, take a pill and chill mate.

If I was saying that, I would have wrote that.

We are discussing the current market and my comments refer to short-medium term economic outlooks.

However, if Labor wins an election, I would be predicting a rescession within 2 years.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Your little ‘real terms’ inclusions in brackets are of no consequence. As has been said numerous times, there is evidence to support or refute any economic theory. I believe Australia will not experience a recession and certainly don’t believe a property ‘bubble’ will burst. At worst, some air is escaping.

Regarding the mortgage broker bias…[Read more]

Jules, you only need to live in the property for 6 months to not lose the FHOG benefits. You can turn it into an investment property sooner. Alternatively, you can rent it for just under 12 months and then live in it for 6 months and still not lose the FHOG benefits.

Matt, to simplify it, if you move out of your PPOR and buy another one, the 6…[Read more]

Originally posted by dmichie:

Quote:
Without pointing any fingers, a mortgage adviser or a developer is hardly likely to have an unbiased opinion.

Hmmmmm………..

A mortgage adviser and a developer are totally different beasts. A mortgage adviser does not care if property prices go up or down or interest rates move hence their advice is…[Read more]

PMI is a more respected company and one of the mortgage insurers who dominate the market. Their opinion of median property prices influences me far more than an American report by a fund manager. If anything, they would talk prices down to reduce their risk of loss. They have not done this in my…[Read more]

blah blah blah

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Without knowing your personal information or your mother’s…

Your loan seems set so there is no issue. I assume you want the 20% deposit plus any fees. Looks like you want $100,000 from your mum’s property.

If your mum is eligible for a loan, she can just do a full doc application in her name and give you the $100,000. Same applies to a low doc…[Read more]

Groms, I don’t believe you are telling the solicitor the whole story.

Did you tell them that your girlfriend could not get finance at the lower amount?

Did you tell them that your associated costs will be much less than the $10,000 you are over-inflating the price by?

I think the funniest thing will be that when a valuation on the property is…[Read more]

Just a final point for this thread which I have pointed out previously:

Trends change with technological advances and changes in comsumer spending.

Enjoy your doom and gloom boys. I prefer to surround myself with confident people who think for themselves and not reproduce other people’s work over and over.

Robert Bou-Hamdan
Mortgage…[Read more]