Of course it is illegal. It is a clear breach of the Privacy Act. Unless authorised, the broker can not give you anyone’s personal details and even if they were allowed to give you the details, you are not allowed to cold call them if you work under the UCCC rules and regulations.

Robert Bou-Hamdan
Mortgage…[Read more]

In most cases, they will use 80% of equity. In your example, if you bought the property for 200k and had a 160k loan on it and then the property value went up to 300k, you would be able to increase the loan or refinance to 260k to cover your existing loan and use the extra funds as you like as you like.

Of course, if you owed 200k already, you…[Read more]

I am excited!!!

I am downloading the Investment Detective right now. It will be interesting to spot the improvements as I thought it was good enough at the seminar.

Thanks Phil and I will let you know how I go. I am sure there will be many quesitons coming your way now. I could not find the other thread.

Robert Bou-Hamdan
Mortgage…[Read more]

Because I don’t know the benefits of a hybrid and I don’t think a unit trust will be suitable because it won’t let me move the funds around as needed to minimise tax.

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…[Read more]

What are the benefits of a Hybrid Trust?

I don’t want to buy the book!

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

No

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

A simple solution would be current market price plus expected growth for the period until the exercise date plus an extra margin for error.

If the exercise date passes and you have not exercised the option, everything is negotiated again and you lose your option fee.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE…[Read more]

Exercising the option will not be treated as a refinance as it is a purchase. The title has to be in you name already for it to be considered a refiance. The payments you have been making will help a bit but if you were not leasing the property, you would be renting somewhere else anyway. In any case, these payments would not be counted as they…[Read more]

Unfortunately, the criteria is a little stricter for he First Home Plus (Stamp Duty Concessions). They differ from State to State but this post relates to NSW requirements.

First Home Plus transfer and mortgage duty exemptions or concessions are available if you are buying or building your first home (valued up to $600 000) or buying vacant land…[Read more]

The FHOG has to go back. I am not certain what happens with the Stamp Duty concessions. I have never checked. I have never heard them having any requirements to get them other than movig in. I will try and find out for you.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

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Comments…[Read more]

Just remember, the AAPR does NOT count fees charged for usage. For example, two of the lowest basic loans charge $50 and $45 respectively for each redraw. If you do one redraw a year, they move back to a ranking of 8 or 9. a few a year and you have on expensive loan!

Don’t forget to ask your broker about this stuff as well.

I like your attitude…[Read more]

Greg, some good points, but doesn’t looking over the different loans become the broker’s role? That is what they are there for.

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 think the dole would be better served by being cut to minimum cash and replacing the difference with food stamps and automatic rental payments etc. This would help to funnel the money where it was meant to go instead of being wasted in many cases. I know there would be fraud issues but this is another issue.

Robert Bou-Hamdan
Mortgage…[Read more]

There are cheaper loans out there than what you see in magazines (St George is not on the money here). I suggest talking to a broker.

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 M…[Read more]

Hey, the price has dropped from $260,000 to $245,000 in 24 hours. Can I buy it on Thursday for $215,000????

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

So I have to pay more for products so people can stay home and have babies???

I don’t think so!

Here is an idea… Cancel all benefits for those families who have an income (and can afford it) and use the money to educate the whole community on how to properly invest for growth of their family, their investments and to self-fund their…[Read more]

You get Capital Gains Tax benefits if you lived in it but everything else is the same as any normal investment property once you move out.

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.
© 2…[Read more]

A lot of people do do it for cheaper and within one lender in a package. A lot comes down to overall borrowings as well when determing rates.

One thing about Cannex, the information they present is received from the lenders. Some constructive structuring will make one loan appear cheaper than another. An example of this is charging an application…[Read more]

COOGEE!!!

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

No problem. I hope you can take advantage now and also of some Stamp Duty discounts. Good luck.

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