$485k x 80% = $388k

Less currnet loan of $285k = $103k in potential useable equity, subject to serviceability.

You should set this up as a new loan, preferrablly a LOC or an IO loan where you can redraw.

This can be used for costs, but don’t use this to pay for the interesst on the new investment loan as then you would be borrowinng to pay…[Read more]

That canberra story doesn’t make sense Banks generally do not care who the seller is, it may be the valuer who wanted to know for valuation reasons. The agent would be clearly on the contract of sale and whether a buyers agent was used or not sure be of no concern to a lender.

I have bought about 1o properties through buyers agents with fees of…[Read more]

how embarrassing!

Waiting would not change the items into deductible.

There are a lot of SMSF strategies available, but little discussion of these anywhere so it would be good to stimulate ideas.

Yes great idea

When I remember to I tell potential clients that there is a fee of $550 if they don’t go ahead. I get many people who want to talk to me about structuring and sneak in free legal advice, when coming to me as a broker, and then sometimes I never hear from them again.

Check out the duties act vic

varies from state to state.

No. I was in the mortgage broking industry for around 8 years, masters of law, lawyer etc but still have to do a useless cert IV

None. Banks want membership of one or the other.

BFAs are authorised under the family law act. If properly set up they are binding on both parties, but not properly set up would mean they could be set aside. They could also be invalid for a number of reasons. Costs to set up would be around $2000 to $5k

Yes you could do a binding financial agreement, which is a contract.

NCCP

Trusts and companies won’t help borrowing capacity unless, perhaps, you have others that can assist with guarantees. And deriving most of your money from PAYE is not really relevant when considering whether to set up a trust/

Foreign income – are you saying you want to make up an income – this would be fraud, offence of obtaining a finan…[Read more]

Yes you could be joint owners and have a private arrangement about who gets what. But under the family law act the courts can make orders to change legal ownership and to do this they take into account financial and non financial contributions of the parties.

You need to think carefully before you do this as there are many issues.

You will need to discharge the mortgage and to enter a new mortgage again. This will involve a new loan application. You will need to get the transfer stamped by the OSR before the mortgagee will settle and they will deal with the registration on title.

In NSW stamp duty is…[Read more]

an average would probably be 4 per year.

I have no idea either, just guessing.

I think it would be extremely rare for a student to write 4 loans per month, and there would be more involved then just checking the paperwork.

Dont forgot the s on the end of Math.

There is no real difference. I am a member of the FBAA . just choose the cheaper of the 2