Well I am not going to ‘blow’ anything!!![baaa]

I just want to see your “itchy eye” again!!! [biggrin]

Spit it out. It is a great story!

Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.au

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Comments made are of a general nature and should not be construed as individual advice.
© 2…[Read more]

Most importantly – is EVERYONE invited or is it a select few?

Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.au

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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

They gave out their first loans in December. Simon is the first broker accredited in the country. Another group is going through next Friday. Hopefully, I will be in that group. They will be everywhere by February / March.

Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.au

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Comments made…[Read more]

Simon,

Please tell the story that brought tears to your eyes. It is one of the best I have heard. I am CERTAIN that no lender would have dealt with that client directly!!!

Don’t be embarrassed now…

Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.au

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Comments made are of a general…[Read more]

You will be restricted to Foreign Investment Review Board approved properties unless you are, or become a resident. These are usually all new properties and few older ones. More information about this can be obtained by going to:

http://www.firb.gov.au/content/default.asp

Also, the amount you can borrow against a property will be severely…[Read more]

What is a “Firkin”???

Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.au

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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

You have to be licensed in some States to charge a fee for selling property.

Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.au

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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

You start by giving more information… like figures relating to your situation.

Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

Do you really believe that a bank is going to give you their cheapest product? The staff are also on commission but they call it a ‘bonus’. If I had a dollar for the amount of loans I have seen at higher rates because someone went direct to one lender instead of using a broker or looking around, I would be rich!

Robert Bou-Hamdan
Mortgage Adviser…[Read more]

I would have staked my knowledge of the industry and my judgement on no increases this year until Derivex came along. I think their product will cause a massive demand on properties Australia wide which may cause the Reserve Bank to respond. But then again, there is no interest so it will not stop the rush on properties if they raise the rate. I…[Read more]

I think it would be nicer if your margin was 1.5% or less as it is unlikely that interest rates will go beyond 10% before they pay you out (assuming less than 5 years).

Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed…[Read more]

If it was your first purchase and the lender saw you using a personal loan for the deposit, I don’t think they would like it very much unless you had very strong serviceability. In this case, I think it would be cheaper to borrow 97% against the property, put in some of your own money and pay mortgage insurance and a much lower ongoing interest…[Read more]

But that loan is 12.2%! Not 8% or within 1% of a normal loan. That is expensive finance for a lot of people.

Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

You can get an upfront payment with a lease option as well. You call it the option fee!

Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.au

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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

It all comes down to structuring. The wrappee could lose the lot. It is possible they could lose the property after 20 years but they would deserve to lose the home because they would be crazy wrapping for so long!

In any case, there are a lot of posts about this. Do a search for “wrap”. Go to the drop down box at the bottom right hand side of…[Read more]

Personal Loan, Line Of Credit and Overdraft are all totally different things. Are you getting an unsecured Line Of Credit???? If so, I would love to know which lender does those!

Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.au

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Comments made are of a general nature and should not be…[Read more]

Originally posted by Alexander2:
1. Personal Loan is just as competitive as home loan int rate as I work for the bank, probably 1% difference. This then allows me to have the main part of the home loan as a st var, I/O or P&I, while maintaining the overdarft as the source of deposits.

I have never seen an unsecured loan personal loan (or…[Read more]

I would be going for lease-options as well. Less onerous in my opinion and pretty much the same result.

Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

Why would you want to pay more for money that you can get cheaper by using your equity? Why do you want to “free up” equity?

Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage P…[Read more]

I am interested in knowing how you have $90,000 in equity if you do not own any property yet?

How much cash do you have available to put into the deal?

How much will you be asking to borrow?

Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and…[Read more]