Originally posted by FW:
Rob
What LVR?
* Maximum 95%

Is mortgage insurance payable?
* Kicks in over 80%

Is it a full financial or low doc?
* Full doc loan. Low doc is out of the market at 7.32% up to 80% (not competitive)

Do they lend to company/trust structures?
* Depending on purpose, ie: for residential property, YES

When I grow up, I…[Read more]

Firstly, Terry, It is ‘Cross Collateralising’, not “cross securistising”. Also, I would advise against a LOC.

Anyway Gazza, you have a property with lots of equity and minimal debt. You say you want to use the equity to buy positive cashflow properties by selling it. Why don’t you just use the equity, go to maximum and buy the cashflow positive…[Read more]

Most of the links off that page are also dead. The website is being updated!

Contact Simon by email!!!

When I grow up, I want to be a storm trooper!

I would be reducing your payments to spread it out over 20 years. Why pay off a loan with no interest in less than 5 years and have to pay a 1.95% early payment fee?

When I grow up, I want to be a storm trooper!

Website is being updated. Hence, ask Simon by email.

When I grow up, I want to be a storm trooper!

Ask Jet. It is his Avatar.

When I grow up, I want to be a storm trooper!

I think you are referring to Derivex. Ask Simon (Mortgage Hunter) from the forum as he is the only one accredited at the moment. He is in trouble on Friday!!!

hehehehe

When I grow up, I want to be a storm trooper!

Damn!!!

That one went over my head!

They were very similar posts…. can I get in late???

SNAP!

When I grow up, I want to be a storm trooper!

Originally posted by nathan210:
she will … not receiving an income from it?

Terry???

When I grow up, I want to be a storm trooper!

Congratulations!!!

You will be SO MANY TIMES BETTER OFF!!!

I would be interested to hear how it goes.

When I grow up, I want to be a storm trooper!

On a $300,000 loan, interest only payments equate to…

Loan 1: 7.04% = $1,760.00 per month (no fees)
$2,010 more than Loan 2 in one year and $3,150 more than Loan 3 in one year

Loan 2: 6.37% = $1,592.50 per month ($720 first year and $120 additional years)
$1,140 more than Loan 3 in one year

Loan 3: 5.99% = $1,497.50 per month for 12 months…[Read more]

Yeah, I can see how 7.04% is better than 6.37% or 5.99%.

I must have missed something!

When I grow up, I want to be a storm trooper!

Personal loan to buy investment property????

That is just crazy!

I would suggest going with standard type security first to build a base and when you have good excess funds or equity, then buy things that you can not use later to borrow more against.

When I grow up, I want to be a storm trooper!

She wil also NOT be able to deduct anything on that property as it is not available on the open market for lease at standard rents.

When I grow up, I want to be a storm trooper!

Kez, have a chat to an accountant. May I suggest Mark Unwin?

He can be contacted at marku@wp.com.au

He is doing my structure as we speak and it sounds very similar to what you want to do.

When I grow up, I want to be a storm trooper!

I am asking what was meant by “snap”.

When I grow up, I want to be a storm trooper!

Sorry people. I can’t help you guys with individual information through this website anymore. It seems the more people I help, the more trouble I get in so I will just stick to general babble.

You will have to email me through my website or directly to get individual responses. I am not responding to any PMs or emails sent from PI.com. My email…[Read more]

Do you have to reply to mine?

Much better Terry. Now you are giving nearly ALL the information instead of just enough to get people to contact you for loans. By the way, it is discretionary over $500,000. I guess my relationship must be better huh? [baaa]

You asked me to get back to business Terry. Don’t you remember your post yesterday? As you…[Read more]

I am talking about ‘advantageous purchase’ policy does not apply here. You are giving people false hope.

And Terry, I quoted you ONCE for a reason.

When I grow up, I want to be a storm trooper!

It matters if you get audited!

When I grow up, I want to be a storm trooper!