Contracts entered into by a person who later dies would still be valid – the executor or trustee of the state would be bound by them. Generally.

On an income of $65k, you could service a loan of around $300,000. When you add rental income then you could go much higher.I can't see why you can't stay where you are and buy a property for investing. Even if you are spending the lot (and that sounds like you have high expenses to me) you should be able to proceed.

I would ask her to write down what she wants or expects and you do the same and then compare. You might be able to narrow it down to a few assets that way. Then you can start negotiating on the remainder.

I would think that the interest on that would be deductible. Not sure about doing repairs before the place is available for rent, but you should be able to depreciate things once the place is listed for rent. Maybe list early at a high price and then when you are ready drop it.

hiThere are many things considered in family law matters. There is the divorce itself – which is pretty simple and then there is the custody of children, spousal support, child support, property settlements etc. All would vary depending on the situation.I think you will find that the money from the property would be an asset of the marriage. You…[Read more]

I can't comment on the price, because I don't know, but the low valuation could be because it wasn't finished – even though they may have assessed it on a completion basis. Best to wait for the CBA val and see. If it comes in low then best not to proceed or to use that to negoitate a lower price.

When you say off the plan, do you mean the construction has finished?If not how far off is it?

$50,000 is a lot of money. It would be unusual to come in this low – unless you are looking at $1mil + properties. Wait for the CBA to come back to you – if this comes in low then there must be something wrong with the price you are paying.If you really want to buy it, maybe ring a few local valuers and ask which banks panels are on and then order…[Read more]

Credit unions are generally good with personal loans. You get more personalised service too.

I don't think a broker would be able to help you, except for a fee. I would suggest a personal loan with a credit union.

Even though you may be spending all your income it may still be possible to qualify for the banks loan servicing so it may be possible to purchase something if you have equity. You would just need to borrow a bit extra for emergencies or any shortfalls.

Secured loan is one where security is used such as a property.11k is a bit small for housing loans, maybe you could get a personal loan?

Not sure how you would take a loan out for the work after it is finished – unless you are paying someone to do them??? 

Try a credit card.

Bit of a pipe dream i am afraid. Without an income how could you repay a loan?Maybe you could get a job for a short time, get a loan and then resign and hope you can keep the property rented.

Didn't realise it was a shop. in that case would probably be commercial.

I wouldn't be using a NAB broker but a normal broker. But since you have already applied it won't be easy to switch. Maybe talk to the NAB manager

Yes, size does matter in this case. I would have to disagree with myself – unless it is a large LOC>

The fees would be nil under a prof package and then you have the rate discounts too – but an annual fee.

Are they calling themselves advisors now? They are just bank staff and you shouldn't expect too much out of them. Also it is not really their fault, the valuations are done by valuers.Sounds like its best to change banks maybe.