Could we also have an ignore button so that we can ignore people who we do not want to read please?

It would prevent a lot of fighting in the forum.

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…[Read more]

There has not been a BOOM in NSW, VIC and other States for almost 12 months. The market is very flat and in decline.

In any case, you do not have to sell your investment property to use the equity to buy more if you can afford higher levels of debt.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related…[Read more]

I didn’t want to comment on that either but I thought the idea behind a lease option was that an option was attached to a lease. An option is the ability to buy (but not the obligation) something at a set price at some point in the future. I have never seen an option with an undetermined price but I guess anything can be written into a contract if…[Read more]

Wendy,

All this stuff is going to cost a small fortune to set up. I thought you were purchasing the home to live in.

Using the offset account may be a bigger benefit than you realise. Your daughter can have it attached to the loan and you can make all your payments straight into it. Your daughter can then pay the minimum interest only payment to…[Read more]

I like colour as opposed to dull black and white. Hence my signature is colourful. I would prefer everyone doing something nice to brighten up the place.

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…[Read more]

The post about the FHOG has been up for an hour but good work to go looking and finding it!!! It is the best way to learn.

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 P…[Read more]

Yes they did Terry. They used a discretionary trust and also have various beneficiaries to distribute the earnings to minimise the tax impact.

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]

I don’t know about him but I am hoping I will be able to in a few years!!!

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

Originally posted by terryw:
Many banks accept a second mortgage for the deposit. You must be able to service both loans tho!!!

And usually you will not be asked for proof of funds to complete at an 80% LVR.

Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to email me

I thought we were talking about BANKS. I don’t know…[Read more]

Like you said Terry, that is an OLD loan document. I have not seen clauses like that since the UCCC kicked in to protect borrowers. Most non-coded loans use the same format as coded loans just to ensure the lender is covered.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

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Comments…[Read more]

It sounds like this can be structured pretty easily. If you went ahead now, it looks like you will be up for some mortgage insurance. Some people do not mind paying this if it is a means to an end.

You can find information regarding mortgage insurance here…
http://www.mortgagepackaging.com.au/index_files/mortgage_insurance.htm

Robert…[Read more]

Sounds like a title to a new seminar to me!

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

This might help…
http://www.mortgagepackaging.com.au/comparison_rates.pdf

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

I am going to post separately about the FHOG. Look for it.

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

I tell you what, I have not got to GST yet, but studying Accounting is the most boring thing I have ever done!!!! All you accountants out there are ‘special’ 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…[Read more]

Wayne,

We just had a heated debate. I enjoyed it.

I think you must have missed the little battle.

<edited>

It was hilarious!!!

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]

No problems at all. Pity you could not do that early this morning before Positive and Jet had something to play with.

Have fun.

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]

Your street must be living in a bubble and the bubble just burst – this is old news!

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

I take back the Shares Section request. It will cause too many arguments.

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

Originally posted by Kerri-67:
*a letter from my credit union to say that my visa was a debit card only, even though I supplied 12 months worth of statements which clearly showed there was no overdraft on the card

The broker could have directed them to the non-existen ‘available credit’ limit on the statements if it was not a credit card.

*a…[Read more]