PropertyInvesting.com | Rudiga | Activity https://www.propertyinvesting.com/members/rudiga/activity/ Activity feed for Rudiga. Fri, 17 Apr 2026 14:35:28 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 63b8ea4c577db7d41e677b3e49ff3104 Rudiga replied to the topic Low Doc loan with 45%LVR in the forum Finance https://www.propertyinvesting.com/topic/4398548-low-doc-loan-with-45lvr/page/2/#post-4615888 Wed, 03 Feb 2010 15:50:08 +0000 I dont understand why you just dont go through another major bank, as the LVR is under 60%.

How would say Westpac, Commonwealth, St George, etc know that Special Agent has been declined by ANZ?

I understand they could see that an application was lodged with ANZ on their Credit Report, but my question is how would these big banks know if he/she…[Read more]

]]> a1ad1d16404b856bafd59f8defb9a4c7 Rudiga replied to the topic Owner Builder in the forum funny thing is what your https://www.propertyinvesting.com/topic/4397571-owner-builder-3/#post-4610473 Wed, 21 Oct 2009 06:21:04 +0000 funny thing is what your saying there is pretty similar to what is happening to a friend of mine. thats why i raised the question.

he had finance approved for owner builder, and has just put down the slab. now he needs more money, he went back to the bank and not only did they say no more money, but they said now they can only go to 60%.

i like…[Read more]

]]> d0ab1222f869f4200318f0d5fa9c88a3 Rudiga replied to the topic Owner Builder in the forum Finance https://www.propertyinvesting.com/topic/4397571-owner-builder-3/#post-4610471 Wed, 21 Oct 2009 02:04:17 +0000 cool thanks

dont know why banks dont lend more.
think about it, owner builder houses costs less to build than licenced builders, so really the end product which is the house will be worth more.

does that make sense……….or am i missing something

]]> d62d8645ffbf3a51dd36ff024169d36d Rudiga replied to the topic Another lender tightens the lodoc noose in the forum Finance https://www.propertyinvesting.com/topic/4397275-another-lender-tightens-the-lodoc-noose/#post-4609174 Thu, 17 Sep 2009 07:14:06 +0000 Qlds007 wrote:
In saying this of course the lenders attitude is that you would still be completing your Business Activity Statements even if you Tax returns are not upto date.

that line just pretty much answered my question………thanks

]]> 8017faf29ece1dd6ea5b68653de80da2 Rudiga replied to the topic Keeping existing property as investment and upsizing for us??? in the forum Finance https://www.propertyinvesting.com/topic/4397266-keeping-existing-property-as-investment-and-upsizing-for-us/#post-4609142 Thu, 17 Sep 2009 04:58:37 +0000 if they do it like that, would it be Cross Collaterised?

]]> 8300a22ea3d32d4fd36d9c01fc25dc18 Rudiga replied to the topic Another lender tightens the lodoc noose in the forum Finance https://www.propertyinvesting.com/topic/4397275-another-lender-tightens-the-lodoc-noose/#post-4609172 Thu, 17 Sep 2009 04:54:47 +0000 isnt a Low Doc loan for someone who cant provide financials, and cant prove their income to a bank?

i dont really understand. if a person can provide their BAS statements, doesnt that show what their income is?
so why wouldnt the person going for a Low Doc loan, just go for a Full Doc loan?

or am i not getting something?

]]> 05aa13d4bd7480cf948424757314bb68 Rudiga replied to the topic Financing additional IP's in the forum oh ok, sort of understand https://www.propertyinvesting.com/topic/4397084-financing-additional-ips/#post-4608426 Wed, 26 Aug 2009 03:39:57 +0000 oh ok, sort of understand haha

sorry for getting mixed up

]]> 7dd68e0e0a3df34de6b96b53b89ab5bd Rudiga replied to the topic Financing additional IP's in the forum Qlds007 wrote:>Whatever https://www.propertyinvesting.com/topic/4397084-financing-additional-ips/#post-4608424 Wed, 26 Aug 2009 02:01:57 +0000 Qlds007 wrote:
>Whatever anyone on the forum tells you no lender will allow these days a 10% second mortgage as proof of your deposit provided by the vendor so unless you have actual real savings you will have an issue.

so what your saying is if you have a LOC on a property of say $50,000 with one bank. The other bank wont allow that LOC to be…[Read more]

]]> 6030f5f8fa56fa6224e3f05de6be798d Rudiga replied to the topic Mortgage with Macquarie Bank in the forum Finance https://www.propertyinvesting.com/topic/4396999-mortgage-with-macquarie-bank/#post-4607994 Mon, 17 Aug 2009 07:57:10 +0000 you should be able to increase your funds with Macquarie if you are an existing customer, in fact i know 100% they will.

one of my best friends just increased his current Macquarie loan by a further $120,000. and it was no problems.
although he still had to give payslips, application form, etc but it was done quite easily over the phone with Macquarie.

]]> 3351ddc13d9733b9ce10a31e4c7df68d Rudiga replied to the topic Purchasing IP as a trust/company/individual in the forum Finance https://www.propertyinvesting.com/topic/4396943-purchasing-ip-as-a-trustcompanyindividual/#post-4607682 Thu, 13 Aug 2009 04:37:59 +0000 what is the difference between;

– Discretionary Trust
– Unit Trust
– Family Trust

or are they all the same?

]]> 5e043805fdab89d14e6c8fe6cffcd55b Rudiga replied to the topic Offset Acccounts in the forum Finance https://www.propertyinvesting.com/topic/4396844-offset-acccounts/#post-4606987 Tue, 04 Aug 2009 05:56:59 +0000 Qlds007 wrote:
In essense the saving is identical but from a Tax perspective they are a miles apart

yep understood the whole tax part…………but you just cleared the whole saving interest part for me, thanks again

]]> 71682135b147bd617373ab2f0a1e4fe7 Rudiga replied to the topic Offset Acccounts in the forum Finance https://www.propertyinvesting.com/topic/4396844-offset-acccounts/#post-4606984 Tue, 04 Aug 2009 01:51:04 +0000 ok cool, thanks for that

so essentially they both work the same way in reducing your mortgage……..thanks again

]]> ac0896d25356a48115b2ccfdff63430a Rudiga replied to the topic Offset Acccounts in the forum Finance https://www.propertyinvesting.com/topic/4396844-offset-acccounts/#post-4606982 Mon, 03 Aug 2009 07:26:49 +0000 so what about an Offset account on a PPOR…………is it better to put surplus funds onto the loan account, or into the offset account?

or does it not matter?

i ask in terms of reducing your mortgage quicker

]]> 742d5a18cc0a6c8d5f63edf606481b05 Rudiga replied to the topic Re-finance time perhaps? in the forum Finance https://www.propertyinvesting.com/topic/4396796-re-finance-time-perhaps/#post-4606779 Mon, 27 Jul 2009 05:01:59 +0000 Terryw wrote:
JadlakWhat you could do is to set up a separate LOC. Use any property that has equity, it doesn't matter which.You then use this LOC to pay for all investment expenses. ie you borrow to pay expenses such as rates, insurance, water etc etc. This will free up your cash to pay into your offset account on your PPOR. It may free up a…[Read more]

]]> 0533b01352b33c2b872ef716854ba2f8 Rudiga replied to the topic How Much of a Deposit do you need when purchasing a property? in the forum Finance https://www.propertyinvesting.com/topic/4396709-how-much-of-a-deposit-do-you-need-when-purchasing-a-property/#post-4606438 Thu, 16 Jul 2009 04:20:30 +0000 Qlds007 wrote:
Course i have no problems in telling you.NAB thru their 4 Star Brokers and Collins do a 95% No Gen Savings amongst others thru their approved introducers.

cool thanks for that.

never heard of Collins, and i suppose people have to make sure they use a broker who is 4 star with NAB

]]> aa4ff705a7bc34e6856a072a585b15e1 Rudiga replied to the topic How Much of a Deposit do you need when purchasing a property? in the forum Finance https://www.propertyinvesting.com/topic/4396709-how-much-of-a-deposit-do-you-need-when-purchasing-a-property/#post-4606433 Wed, 15 Jul 2009 06:30:39 +0000 im going to ask who Richard, but i have this feeling you wont tell me

]]> 2332c7b5884f1e6d933719f6eb64bbd0 Rudiga replied to the topic How Much of a Deposit do you need when purchasing a property? in the forum Suncorp also do 95% dont https://www.propertyinvesting.com/topic/4396709-how-much-of-a-deposit-do-you-need-when-purchasing-a-property/#post-4606431 Wed, 15 Jul 2009 05:17:13 +0000 Suncorp also do 95% dont they?

]]> b26919873e9e835740b9d6b37917d3fa Rudiga replied to the topic What's the current best NAB homeloan in the forum Finance https://www.propertyinvesting.com/topic/4396293-whats-the-current-best-nab-homeloan/#post-4604302 Fri, 19 Jun 2009 02:53:03 +0000 speaking of NAB, what is the difference between;- NAB- NAB Broker- Homesideor are they all the same?

]]> b67aecc587d9fd0dcfe35b1cfe830eae Rudiga replied to the topic Finance Industry Qualifications in the forum Finance https://www.propertyinvesting.com/topic/4396459-finance-industry-qualifications/#post-4605138 Wed, 17 Jun 2009 08:49:52 +0000 so confusing……i dont know how you guys keep up with it all

]]> 2b7d07f97910efd72401ca79d079573f Rudiga replied to the topic Finance Industry Qualifications in the forum Finance https://www.propertyinvesting.com/topic/4396459-finance-industry-qualifications/#post-4605134 Wed, 17 Jun 2009 03:52:36 +0000 it seems you guys in the East are way behind us in the West…..as usual :)All brokers are fully licenced in WA, well meant to be anyway.so does that mean they already fit into the category of being compliant and allowed to give advice, etc?

]]> e213a9129efb1993558a00ff46925ef2 Rudiga replied to the topic direction on LOC in the forum Finance https://www.propertyinvesting.com/topic/4396420-direction-on-loc/#post-4604955 Wed, 10 Jun 2009 00:19:36 +0000 oh yeah for sure, i only meant like my close friends and family.well thats good then……thanks

]]> 93fd97da1efadd8c7314361851870341 Rudiga replied to the topic direction on LOC in the forum Finance https://www.propertyinvesting.com/topic/4396420-direction-on-loc/#post-4604953 Tue, 09 Jun 2009 14:46:30 +0000 just to clarify, i only used the LOC for the deposit and fees such as stamp duty.or did you mean its a problem if you use a LOC for the whole purchase?

]]> d72c0ca3c154286b323d0e708da565a4 Rudiga replied to the topic direction on LOC in the forum Finance https://www.propertyinvesting.com/topic/4396420-direction-on-loc/#post-4604952 Tue, 09 Jun 2009 14:44:48 +0000 Qlds007 wrote:
Did you purchase the IP using a LOC in its entirity or only to fund the deposit and acqusition costs ?If you did you may have an issue and suggest you clean this up immediately.

why is that???that is exactly how i got my first INV property, through a LOC on my PPOR house.everybody has told me thats the right way of doing…[Read more]

]]> f2fcd82bf0d5db2aa39547ca0463145e Rudiga replied to the topic Removing cross collaterisation with CBA in the forum Finance https://www.propertyinvesting.com/topic/4396345-removing-cross-collaterisation-with-cba/#post-4604595 Tue, 09 Jun 2009 08:54:09 +0000 Thanks Richard, but i sort of dont understandyou say the only way of safeguarding myself is by splitting the portfolio.isnt that what i am going to do if i do 2 separate loan applications?or again, isnt it that easy?

]]> 20e1734c8dda9093446fadbadb66f09d Rudiga replied to the topic Removing cross collaterisation with CBA in the forum Finance https://www.propertyinvesting.com/topic/4396345-removing-cross-collaterisation-with-cba/#post-4604592 Tue, 09 Jun 2009 04:51:52 +0000 ok…im starting to sh*t myself now as i have 2 INV properties cross collaterised with Westpac and have so for a few years now.So after reading all the negative comments about cross collaterising, i decided to investigate on how to get them removed and separate.spoke with a Westpac guy and he said i need to refinance the current debt, and do 2…[Read more]

]]> a118d93ac8620ee3891c3e619c8afbb4 Rudiga replied to the topic Borrowing with non-genuine savings in the forum Finance https://www.propertyinvesting.com/topic/4396388-borrowing-with-non-genuine-savings/#post-4604797 Mon, 08 Jun 2009 04:10:51 +0000 god_of_money wrote:
Not such a free lunch Rudiga :)

huh?

]]> 8aa4f5b91c3dcf99c1492f3a07fc5a9f Rudiga replied to the topic Borrowing with non-genuine savings in the forum Finance https://www.propertyinvesting.com/topic/4396388-borrowing-with-non-genuine-savings/#post-4604795 Mon, 08 Jun 2009 01:47:56 +0000 Qlds007 wrote:
Sorry to disagree guys but that is not the case.Gifted deposits are ok and there is still one lender who will go to 95% LVR and does not require any form of genuine savings as long as you have job and residential stability. Any external debt they want to see the loan statements but all else is sweet.It is 95% less LMI and the…[Read more]

]]> 365cff83ad163acd38432aa05509ab62 Rudiga replied to the topic Premium Finance. Anybody know about these guys? in the forum Finance https://www.propertyinvesting.com/topic/4392643-premium-finance-anybody-know-about-these-guys/page/3/#post-4584293 Tue, 19 May 2009 04:41:57 +0000 what a brilliant reply and posti didnt realise the extent of how bad it is……….from your post, it seems like there are so many people out there working and advising without a proper licencegood onya wealth4life

]]> e7010d18fcd3e1b415ee3f38a7b84d31 Rudiga replied to the topic Cross securitising in the forum Finance https://www.propertyinvesting.com/topic/4396148-cross-securitising/#post-4603470 Thu, 07 May 2009 02:33:49 +0000 yeah true, but property investing is long term and i dont intend on selling any of them soon

]]> 20b45103f4c59ead6686f513d7705218 Rudiga replied to the topic Cross securitising in the forum Finance https://www.propertyinvesting.com/topic/4396148-cross-securitising/#post-4603468 Thu, 07 May 2009 00:26:45 +0000 excuse my ignorance, but what exactly is Cross Securitising?I think i know what it is but reading this post i think maybe not.i have 2 INV properties which i believe are cross securitised with ANZ. can someone please tell me if the following is cross securitised?I had an INV property with fairly low LVR of about 30% with ANZ. i then purchased…[Read more]

]]> ec3d266c5cb0496e8748fa9d8fd98f2d Rudiga replied to the topic Do the banks still lend 100% to investors? in the forum Finance https://www.propertyinvesting.com/topic/4396137-do-the-banks-still-lend-100-to-investors/#post-4603395 Fri, 01 May 2009 06:54:48 +0000 do you think over time banks will increase back up to 95% and even 100%…..if so when do you guys reckon when?it must be so hard for a first home buyer now, especially when the grant comes down to $7,000

]]> b0933932396a2849973162605830bbb4 Rudiga replied to the topic Low doc loan through hybrid trust in the forum Finance https://www.propertyinvesting.com/topic/4395733-low-doc-loan-through-hybrid-trust/#post-4601110 Wed, 25 Mar 2009 06:36:18 +0000 OK………..i just been told by my broker that banks are not doing Low Doc's for Family Trusts.can someone please help……..which bank will do 80%, 70% or even 60% for a purchase in a Family Trust.And it needs to be Low Doc.my broker has pretty much said he cant help………..which is always good to hear….not

]]> 0afd7b9f29d1292cbe0abc5f8de4f13a Rudiga replied to the topic Low doc loan through hybrid trust in the forum Finance https://www.propertyinvesting.com/topic/4395733-low-doc-loan-through-hybrid-trust/#post-4601108 Thu, 19 Mar 2009 23:43:15 +0000 is a Hybrid Trust the same as a Family Trust?reason why i have purchased an off the plan INV property which is settling in about 4-5 months.I bought it in a Family Trust name and i was hoping to get 80% as a Low Doc.should i be worrying???

]]> 71eb2fad7a78bc7b18095466f777da41 Rudiga replied to the topic Mortgage Broker Software in the forum Thanks for that, thats what https://www.propertyinvesting.com/topic/4395725-mortgage-broker-software/#post-4601082 Thu, 19 Mar 2009 23:35:24 +0000 Thanks for that, thats what that Broker was telling me as he said he just uses his experience, i might stick with him.I dont work in the finance industry but i'm really into it and fascinated about loans and structures, etc. as i have a few mortgages spread out over a few lenders.when i did speak to a few brokers, they raved on about their…[Read more]

]]> a3c428845b812eaa0bce122a5557b440 Rudiga replied to the topic GE and other "cheap" lenders in the forum Finance https://www.propertyinvesting.com/topic/4393845-ge-and-other-cheap-lenders/#post-4590976 Fri, 25 Jul 2008 04:10:56 +0000 but isnt that factored into the Comparison Rate?

]]> 068d4977f3dea3cb79780c3775ccac2e Rudiga replied to the topic What is the benefit of an interest only loan? in the forum Finance https://www.propertyinvesting.com/topic/4393166-what-is-the-benefit-of-an-interest-only-loan/page/2/#post-4586682 Fri, 25 Jul 2008 02:56:15 +0000 Thanks for that Richard…..much appreciatedso really, having an Offset linked to a IO loan is pretty much the same as having a Line of Credit loan. its just either having 1 account or 2 accounts if there is an Offset.people have been telling me a Line of Credit loan should never be used for a OO or even INV loan. but it pretty much works the same…[Read more]

]]> 95b17a6bd8d02a30d97bf0c9df308732 Rudiga replied to the topic mezzanine finance in the forum Finance https://www.propertyinvesting.com/topic/4393330-mezzanine-finance-3/#post-4588106 Tue, 22 Jul 2008 05:18:34 +0000 Mezzanine…..oh no!!!!I'm having Westpoint nightmares

]]> da4461d01eb9a70c37fa0967690dbf78 Rudiga replied to the topic What is the benefit of an interest only loan? in the forum First time poster and user, https://www.propertyinvesting.com/topic/4393166-what-is-the-benefit-of-an-interest-only-loan/page/2/#post-4586679 Tue, 22 Jul 2008 05:14:09 +0000 First time poster and user, and this topic is real interesting to me.Richard, your rationale is excellent….and agree with the IO way to go…however have this question.What your saying is For EG, I take out a $300K IO loan on a OO security with value, lets just say $350K….has an offset attached to it.In 3 years i decide to move out to another…[Read more]

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