Forum Replies Created
Hi Nick
Anytime you need to calculate purchase costs, LMI, stamp duty, etc just get on one of the bank websites and it will calculate all the purchase costs for you. The ANZ site is pretty quick to use, but they all have calculators.
Cheers[
]***************
Tracey Imbuldeniya – Finance Consultant
Ph: 0401 674464
Email:[email protected][
]Hi Sebastian
I spoke to a few of the WA contingent at the Seminar and suggested that we could get together to talk about our goals, find out what other are up to, and share information. I am a finance consultant also and I can help you with home loans, investment loans, etc. It can be harder to get finance for inner city apartments. I don’t own any inner city properties, and I am not planning on buying any. Anybody else have any thoughts?***************
Tracey Imbuldeniya – Finance Consultant
Ph: 0401 674464
Email:[email protected][
][]I would like to say hello to everyone I met over the weekend. I had some great conversations and met some fantastic people. Thanks to Steve and the gang for a professional and organised seminar. I really appreciated this and also appreciated the friendly atmosphere. It has given me a new passion for investing in property and I have passed this on to my husband too. We are now looking for our next property.
Cheers***************
Tracey Imbuldeniya – Finance Consultant
Ph: 0401 674464
Email:[email protected][
]Just a rumour, but I have been told that the unless the ATO lodge another appeal by March 31 you will be able to claim the deduction on this type of split loan. I have already been approached to do the finance. I have also been told it will take the ATO 3 years to change the laws to make it unallowable. Can anyone confirm this rumour?***************
Tracey Imbuldeniya
Authorised Finance Consultant- Mortgage Masters Pty Ltd
Ph: 0401 674464 Email:[email protected]
****************[
]I really enjoyed RK’s books and when I have the opportunity to play the game I will have a go! I think that the books I have read are great for motivation to earn the “passive” income most of us are interested in!!!***************
Tracey Imbuldeniya
Authorised Finance Consultant
Mortgage Masters Pty Ltd
Ph: 0401 674464
Email:[email protected][
]Hi Gerard
You mention you don’t have a full-time job so I am assuming you have a casual or part-time job. You do not have to be self-employed but you do require an income. The income/rent from the property you are purchasing can be used as income as well. Even though you do not have to prove your income, you must pass the lenders capacity test (eg the income you declare must be enough to service the loan repayments). Most low doc loans have a maximum of 80% LVR (loan to value ratio) so you would need 20% deposit plus the fees! Also some lenders will look at your A&L (assets and liabilities) situation. If you claim you are on a substantial wage they will expect to see some assets to show for it. Feel free to contact me if you have any specific queries.***************
Tracey Imbuldeniya
Authorised Finance Consultant
Mortgage Masters Pty Ltd
Ph: 0401 674464
Email:[email protected][
]Hi Dynamite
If you can provide financials to Commbank they have a policy to lend anywhere in Australia regardless of population, cannot be mortgage insured (all their lo doc are subject to LMI) and cannot be over 80%LVR. You should be OK to get a lo doc loan under the magic figure of 65% with some lenders. Hope this helps***************
Tracey Imbuldeniya
Authorised Finance Consultant
Mortgage Masters Pty Ltd
Ph: 0401 674464
Email:[email protected]
]
]Hi Sebastian
]I would like to say hello to everyone I met over the weekend. I had some great conversations and met some fantastic people. Thanks to Steve and the gang for a professional and organised seminar. I really appreciated this and also appreciated the friendly atmosphere. It has given me a new passion for investing in property and I have passed this on to my husband too. We are now looking for our next property.
]Just a rumour, but I have been told that the unless the ATO lodge another appeal by March 31 you will be able to claim the deduction on this type of split loan. I have already been approached to do the finance. I have also been told it will take the ATO 3 years to change the laws to make it unallowable. Can anyone confirm this rumour?
