https://www.propertyinvesting.com/members/shaun-m-smith/activity/ Activity feed for Shaun M Smith. Mon, 13 Apr 2026 18:15:05 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 637d31dfc8b1860310441457a77f9db1 https://www.propertyinvesting.com/topic/4394212-what-percentage-lend-can-i-get-on-a-mixed-use-resicomm-building/#post-4592782 Mon, 15 Sep 2008 08:06:17 +0000 Agree with Richard. Max lend 75%.

]]> d5450a8d1727812fdb2a5fca017a1aab https://www.propertyinvesting.com/topic/4394237-quick-one-thinking-of-selling-ppor-how-will-it-affect-existing-loan-structure/#post-4592918 Mon, 15 Sep 2008 08:01:57 +0000 Hi NewgenSubstitution of security is fairly standard accross lenders. The issue will be simultaneous settlement. You will need to settle on your property sale the same day you settle on the new purcahse. This can often be difficult.

]]> 7861b0ac84935e944e2a77e6a229a043 https://www.propertyinvesting.com/topic/4394091-finance-with-no-recent-credit-history-in-australia/#post-4592214 Wed, 27 Aug 2008 00:39:20 +0000 AgreeYou shall have no problems obtaining a home loan. Your history is easily explainable. The only instance I can imagine it having impact is in relation to personal loans where some lenders may record this as a negative in their credit scoring system. Again quite easily explainable.  

]]> 0dbb353cade834adcd28084bafee8205 https://www.propertyinvesting.com/topic/4394067-refinance-strategy/#post-4592094 Mon, 25 Aug 2008 08:10:47 +0000 I would expect in consolidating the three different accounts to one account there would be variation costs involved. I would expect such efforts may be short lived.  

]]> f1f674d7819e3d39d86b2ca2dbf970ff https://www.propertyinvesting.com/topic/4394074-co-owned-ip-does-income-expenses-and-tax-deductions-need-to-be-proportioned-among-owners/#post-4592134 Mon, 25 Aug 2008 08:06:12 +0000 Correct

]]> a44644888c208da4f2292a22cbd8a3a6 https://www.propertyinvesting.com/topic/4391536-becoming-a-mortgage-broker/page/2/#post-4577869 Mon, 25 Aug 2008 08:03:39 +0000 I have had up to 15 brokers at any one time working as contractors under my banner. There is a lot of time and effort that needs to be put into these relationships. The majority of the time I have found the investment to bear minimal return as most "brokers" reach a certain level of competancy and decide to go down their own path. The better the m…[Read more]

]]> c67bdac47890a0751bc2472da97eeb6d https://www.propertyinvesting.com/topic/4393969-100-finance-2/#post-4591678 Mon, 11 Aug 2008 12:59:00 +0000 If you can clearly afford the repayments associated with a mortgage of this nature then it is a good alternative considering the current cost of renting.

]]> fef2a3cd01fc7d7319e48df01c67545a https://www.propertyinvesting.com/topic/4393586-urgent-looking-for-efficient-creative-brokers-n-t-w/#post-4589516 Thu, 03 Jul 2008 10:31:24 +0000 My organisation would be happy to assist should you not have already found a suitable candidate.Regards 

]]> 850d949435d0bfbbaebea7ea33c917a4 https://www.propertyinvesting.com/topic/4393625-advice-needed-for-loans/#post-4589696 Thu, 03 Jul 2008 10:29:34 +0000 It seems there is quite a bit of information you are trying to get the answers for. I would be more than happy to assist. I would suggest verbal communication may be easiest.Regards 

]]> f376d7d7458390ee337b73509287cd79 https://www.propertyinvesting.com/topic/4393629-commercial-loan-home-loan/#post-4589720 Thu, 03 Jul 2008 10:26:43 +0000 I would suggest approximately 4 x Gross Annual Income for a rough serviceability guide subject to any other liabilities you may have. Low Doc loans should be exactly that with no financials required. In most cases you are able to borrow up to 80% of a properties value under these type of loans at standard "Full Doc" interest rates. I would be g…[Read more]

]]> 7eca77ad232620b1a5e0a39435a405c5 https://www.propertyinvesting.com/topic/4393644-cant-get-lmi-for-loan-on-high-density-property-purchase/#post-4589796 Thu, 03 Jul 2008 10:18:45 +0000 To mind BankWest utilises the services of PMI for mortgage insurance purposes. The other major mortgage insurer in the industry is Genworth. The majority of lenders use one or both of these. Outside of this both St George Bank and Westpac both self-insure. I am surprised your broker is unable to offer a solution.Regards

]]> fb94b07cbd7beac32f306d9d5905d95e https://www.propertyinvesting.com/topic/4393638-banks-lending-approach-to-flips/#post-4589748 Thu, 03 Jul 2008 10:11:18 +0000 Be careful. Short term funds can be very expensive. Particularly in the current market.   

]]> 9b7ba1e1d7df95e9512e6174e8f3e7d6 https://www.propertyinvesting.com/topic/4393649-what-if-i-made-a-mistake-in-buying/#post-4589835 Thu, 03 Jul 2008 10:08:42 +0000 Hi TanjaaAre you positive you are unable to borrow the funds needed to build?Regards

]]> a024373633a4926cbe5956fe77f4a5d7 https://www.propertyinvesting.com/topic/4393607-finance-suggestions-2/#post-4589584 Mon, 30 Jun 2008 00:09:29 +0000 It all comes down to what suburb, the type of property and subsequent zoning. Lenders will look at each of these aspects more closely when you are borrowing at 95 and particularly 100%. If you were able to identify location, type and zoning then specifying what you may be able to achieve would be a lot easier.  

]]> 0c3c5d921f2f416c8c57a2548b7f5632 https://www.propertyinvesting.com/topic/4393166-what-is-the-benefit-of-an-interest-only-loan/#post-4586668 Mon, 23 Jun 2008 03:02:38 +0000 The good thing about interest only repayments is that your minimum monthly/fortnightly or weekly commitment is reduced freeing up cas flow. If you have a variable rate facility you can generally make additional repayments at any time without penalty. If you have a fixed rate facility you can generally repay up to $10K per annum as a rule wi…[Read more]

]]> 177611f7bac2cbbad38f461ed2e6bb54 https://www.propertyinvesting.com/topic/4390552-getting-finance-as-a-sole-trader/#post-4572694 Mon, 23 Jun 2008 02:53:17 +0000 I would personally suggest St George Bank – Flexible Deposit Home Loan. St George are self-insured and provide more flexibiltiy than the majority of lenders offering products under either PMI or Genworth.Further, their LMI premium to mind is lower than PMI & Genworth. Regards  Shaun Smith | Managing Director | CDS Financial ServicesDirect: +612 9…[Read more]

]]> 0484c6af9c6c1002874a59c10ed64196 https://www.propertyinvesting.com/topic/4393562-bulding-time-in-perth/#post-4589391 Mon, 23 Jun 2008 02:28:42 +0000 Hi thereI would suggest you shall be able to find a builder that will complete in less than two years however in your costing I would budget for a 2 year build so as to provide a wosrt case ROI.  If the development still works on that basis then fantastic.From a finance perspective you have two real options. The first shall be institutional fu…[Read more]

]]> 805d3b6da256733029d800a4f9e9f09e https://www.propertyinvesting.com/topic/4393564-first-time-home-buyer/#post-4589409 Mon, 23 Jun 2008 02:13:16 +0000 CarlDeposit Bonds are easily obtainable once you have achieved Formal Approval on your investment loan. I am generally able to turn these around for my clients the same day the approval is granted.The only issue you seem to have therefore is convincing the bank you have funds to complete the purchase. I would suggest a statutory de…[Read more]

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