Because anyone who is a ‘real’ investor knows that diversification is an essential part of any investment plan. If all you do is property, then I think you have a weak investment portfolio.

Also, I notice everyone focusing on shares… I remember clearly asking for “Shares & ALTERNATIVE INVESTMENTS”. I singled out shares as there always seems to…[Read more]

No offence to Steven’s model, but placing the money from the investment loan into the PPOR offset account will mix up the non-deductible and deductible funds. Although it reduces the interest you pay on your non-deductible debt, it also increase the interest you pay on your investment loan. These would most likeley be at the same interest rate and…[Read more]

You can also use a ‘gift’ letter.

When only borrowing 80% from a lender, it is rarely a problem.

I am wondering where the figures are for the wrap and lease option calculations.

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]

Example Structure

$500,000 Property 1 Value

$200,000 Loan 1 – PPOR – Non-Deductible – Offset Account 1 Attached

$200,000 Loan 2 – Investment Money – Deductible – Offset Account 2 Attached

How It Works

Offset Account 1 – all income from work and other investments are deposited into this account. The minimum payment (preferably interest only on…[Read more]

A split seperates funds.

By the way, a LOC is renowned for causing people to mix up personal and investment money. It is one of the biggest problems with them.

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]

Can someone lock this topic please?

It has gone to the kids!

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

That’s right. I wonder what took it off topic.

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

TYPO – my computer has never been the same since the car accident. Misses keys all the time!

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

Poitive, I really don’t care if YOU call him ‘Sugar Daddy’ mate.

Have a great New Year!

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

And higher cost (in most cases). They are also riskier.

St George has this to say about the benefits of offset accounts:
* Every savings dollar is working to reduce interest expense and therefore the loan.
* Customers do not pay income tax on interest earned on savings and do not pay tax on the loan interest they save. So <the Offset Account> is…[Read more]

I think I will call you amit.

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

Line Of Credits are rarely needed! Only those wanting to be fashionable use them or those poorly advised. They have a cheque book – BIG DEAL!

They also cost more in most cases. What can you do with a LOC that you can not do with an interest only loan and offset account? The cheque book is a moot point.

Robert Bou-Hamdan
Mortgage…[Read more]

Thanks for your input everyone! It is very much appreciated – hmmmmmmmmmm…

In any case, I finally got a set of calculators up and running on the website. I hope they come in handy.

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

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related…[Read more]

Property “Guru” (what is your name as I don’t feel comfortable calling anyone a “guru”),

Are those loans you state at 6.85% Low Docs, 95% LVR and pre-approved in 48 hours sourced in Australia?

The cash rate in NZ is 6.5% so I hope they are.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click…[Read more]

I just hope you noticed that the rates quoted were for low doc and credit impaired at 90% LVR!!! They are good rates and set up in NZ – not here! Not sure what the best would be.

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…[Read more]

Sorry mate. NZ Finance is not something I dabble in a lot – YET!

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 have access to 12.20% for low doc at 90% and 11.20% for credit impaired at 90% in NZ. Unfortunately, I do not do standard borrowings in NZ as yet.

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…[Read more]

Are you saying you want to pay more interest so you can borrow higher percentages?

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

Regarding the 106% finance, their average loan term is only 18 months as borrowers use them as a stepping stone to get into a property. They refinance when they build up some equity. I think this 18 month term will lengthen with the slow down in the property market.

If you are a first home buyer, especially in NSW, you don’t need more than 100%…[Read more]

How long is a piece of string?

No-one knows the answer to that!

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