PropertyInvesting.com | WhatIfWeFinance | Activity https://www.propertyinvesting.com/members/whatifwefinance/activity/ Activity feed for WhatIfWeFinance. Mon, 06 Apr 2026 06:28:16 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e0b01f2b66d336e96f8a997d2c7af49e WhatIfWeFinance replied to the topic revaluation and drawing funds for next loan in the forum Help Needed! https://www.propertyinvesting.com/topic/4409820-revaluation-and-drawing-funds-for-next-loan/#post-4693848 Tue, 06 Aug 2013 11:41:59 +0000 Without knowing your income details it's hard to determine whether the broker is giving you the best deal. 

Self employed lending means you need to approach a lender that is more sympathetic to your needs and that is the value that a broker should bring.  Provided you have the right information it should be relatjvely straight forward to…[Read more]

]]> 2d52329954efde12b610adb2039c6207 WhatIfWeFinance replied to the topic RBA reduces rates by 25 points in the forum Heads Up! https://www.propertyinvesting.com/topic/4409818-rba-reduces-rates-by-25-points/#post-4693844 Tue, 06 Aug 2013 05:17:53 +0000 Looks like most of the banks will go 25 basis points. Will be interesting to see how the housing market reacts if at all.

]]> 42ede40a9ed4d02f63bf520338b8b4ce WhatIfWeFinance replied to the topic checking if bank charges the interest correctly? in the forum Finance https://www.propertyinvesting.com/topic/4409273-checking-if-bank-charges-the-interest-correctly/#post-4690323 Sat, 29 Jun 2013 08:03:23 +0000 I have found some clients have had issues with offset accounts in the past and it never hurts to check

]]> 577dab5e97607f3634734a7c3f800b93 WhatIfWeFinance replied to the topic newly self employed - wanting investment property can it be done in the forum Finance https://www.propertyinvesting.com/topic/4409542-newly-self-employed-wanting-investment-property-can-it-be-done/#post-4692253 Sun, 16 Jun 2013 02:42:15 +0000 Stu

As Richard said it boils down to the deal and this means LVR and also you employment history. We have done numerous deals where people are newly self employed and have got finance approved.

Just a matter of picking the right lender.

]]> 98589c28f73e0823d01903eb7ff0b31c WhatIfWeFinance replied to the topic Financing - discretionary trust income in the forum One thing that has always https://www.propertyinvesting.com/topic/4409553-financing-discretionary-trust-income/#post-4692333 Sun, 16 Jun 2013 02:37:58 +0000 One thing that has always concerned me is the level of knowledge or lack of knowledge amongst bank staff when it comes to investments and trusts.

Like Richard and co have said i would always use a broker in this instance to ensure you get the correct advice or opinion

]]> e58f5243df9f13656f8115f89e4b518d WhatIfWeFinance replied to the topic You get what you pay for in the forum Finance https://www.propertyinvesting.com/topic/4409544-you-get-what-you-pay-for/#post-4692266 Sun, 16 Jun 2013 02:34:32 +0000 Unfortunately Richard and Terry all too common and I find with refinancing people tend to focus just on rate and will meet with you see what you can get and then go to their bank to match it. But I still find the good side of the industry outweighs the bad which is a good thing

]]> d5ef69425a79ed5737b280ea7bee54d5 WhatIfWeFinance replied to the topic Interest rates on hold in the forum Interesting.   Out of https://www.propertyinvesting.com/topic/4409482-interest-rates-on-hold-3/#post-4691890 Sat, 08 Jun 2013 03:02:33 +0000 Interesting.   Out of interest what do we think the next interest rate move will be?

]]> 90399bcea4a93a3dc9260583fc6dedae WhatIfWeFinance replied to the topic ANZ Loans disconnect with their customers. in the forum Finance https://www.propertyinvesting.com/topic/4406053-anz-loans-disconnect-with-their-customers/#post-4665283 Mon, 29 Apr 2013 20:32:04 +0000 Personally I find the best strategy is to use a number of lenders. They have different credit policies and different rules and depending on the cirtcumstances you deal with the appropriate lenders. They all have their good and bad points and they all do things which can be frustrating 

]]> 11662f09263e2ed095435d23cfb61176 WhatIfWeFinance replied to the topic Desktop Valuation in the forum Finance https://www.propertyinvesting.com/topic/4407130-desktop-valuation/#post-4673838 Mon, 16 Jul 2012 11:43:27 +0000 For non LMI deals ANZ have done desktop vals’ or what they call modelled vals. But it really depends on the property, suburb and also do they have sufficient price history

]]> 0df2f764ceb3ac013893381fe1af90ad WhatIfWeFinance replied to the topic Thoughts on which way is the best to go to get a loan in the forum Finance https://www.propertyinvesting.com/topic/4407069-thoughts-on-which-way-is-the-best-to-go-to-get-a-loan/#post-4673329 Tue, 10 Jul 2012 06:35:44 +0000 Mark

Just a few thoughts that you need to consider:

a. A Mobile Lender eg from ANZ is limited to ANZ Products and by default that means you need to fit in to ANZ Credit Policy

b. The advantage of a Mortgage Broker is they will find the product that is best suited to your needs. Depending on your circumstances ANZ may or may not be a good fit…[Read more]

]]> 9a34c1a595fcb62fca1a58ea25e56f39 WhatIfWeFinance replied to the topic Accessing equity after buying BMV in the forum As Terry pointed out you https://www.propertyinvesting.com/topic/4407045-accessing-equity-after-buying-bmv/#post-4673142 Sun, 08 Jul 2012 06:48:35 +0000 As Terry pointed out you need to be careful and do you your homework with comparable sales etc because the valuer may value at market price.

Also different lenders have different policies. My view (leaving lender policy aside) is to revalue once you believe house prices have increased based on facts and evidence you have collected,

]]> 7087e116c9a1a3ef4a097a3091b0fc27 WhatIfWeFinance replied to the topic Bank Revalue? in the forum Finance https://www.propertyinvesting.com/topic/4406967-bank-revalue/#post-4672613 Sun, 08 Jul 2012 01:33:59 +0000 Normally no. Sometimes yes for commercial or special circumstances and when you increase lending yes as well

]]> 01db2765219f489ede1edbd2cfd983fd WhatIfWeFinance replied to the topic preparing for the worst - economic meltdown in the forum Finance https://www.propertyinvesting.com/topic/4404337-preparing-for-the-worst-economic-meltdown/#post-4653104 Fri, 05 Aug 2011 11:21:05 +0000 Just out of interest what do you regard as a depression? I know you need to plan for the worst but do you really think we will hit an economic depression?

Technically economists regard a depression as rare form of recession comprising of (1) a decline in real GDP exceeding 10%, or (2) a recession lasting 2 or more years.

]]> 6006c420483783b4fbe3cd1892e96096 WhatIfWeFinance replied to the topic 2013 Off-Plan Settlement - Should I buy a PPOR before then? in the forum Finance https://www.propertyinvesting.com/topic/4402076-2013-off-plan-settlement-should-i-buy-a-ppor-before-then/#post-4637406 Sat, 04 Dec 2010 09:58:41 +0000 Spot on Terry and good advice.

]]> b2ff22e41f5eb55d891d5c1f7fd367bf WhatIfWeFinance replied to the topic ANZ Low Doc Changes in the forum Richard think ANZ is live https://www.propertyinvesting.com/topic/4402022-anz-low-doc-changes/#post-4637079 Fri, 26 Nov 2010 19:11:36 +0000 Richard think ANZ is live 13/12 so we have until then.

]]> 19e3b46af344bd40afbf3cef5ad033b5 WhatIfWeFinance replied to the topic What value IP could we purchase? in the forum Really depends on the loan https://www.propertyinvesting.com/topic/4402020-what-value-ip-could-we-purchase/#post-4637065 Fri, 26 Nov 2010 07:35:10 +0000 Really depends on the loan to value ratio you are after. If you want an LVR of 80% and do not want to pay LMI then:

$460,000 x 0.80 then you can draw up to $368,000 against present property which means you have $25k available

Assuming you borrow 80% of new property you have $25k equity contribute. You would need to cover fees BUT $25k as a 20%…[Read more]

]]> 52432a61433eac3fafe89c799efe68d4 WhatIfWeFinance replied to the topic COST OF SOURCE CAPITAL FOR BANKS in the forum Finance https://www.propertyinvesting.com/topic/4401795-cost-of-source-capital-for-banks/#post-4635631 Mon, 08 Nov 2010 18:59:36 +0000 Alot of it is just spin. Funding costs may be going up but also the banks are using this in my opinion as an opportunity to recover lost profit margin. Think about the fact that if you were an overseas lender would you lend to a usa bank or a an australian bank with a government guarantee?

The fact remains there is so much complexity in bank…[Read more]

]]> 1f9fd1fc2f9b9a1b77be4b54cbf4821d WhatIfWeFinance replied to the topic COST OF SOURCE CAPITAL FOR BANKS in the forum Finance https://www.propertyinvesting.com/topic/4401795-cost-of-source-capital-for-banks/#post-4635629 Mon, 08 Nov 2010 04:51:31 +0000 What nobody seems to have answered is bank funding costs go up and down and in addition they still have a relatively large pool of low interest deposit funds to draw on from. So whether their true funding costs have gone up will depend on the funding profile of the bank

The question I have is when their “funding pressure” subsides I assume they…[Read more]

]]> 79ee6eef355fd716ef63de35bf674d8d WhatIfWeFinance replied to the topic Are mortgage brokers 'Region Specific' in the forum As outlined above technology https://www.propertyinvesting.com/topic/4401805-are-mortgage-brokers-region-specific/#post-4635681 Mon, 08 Nov 2010 04:45:46 +0000 As outlined above technology means it should not matter where you are located. I service existing clients from all parts of the world and also when I am in the USA. So long as the broker is competent, understands your needs and all compliance issues are dealt with it should not matter. That being said I have one or two clients who insist…[Read more]

]]> 6224bd483e98c67f236f45d67fb7b88a WhatIfWeFinance replied to the topic overseas cash at low interest rates in the forum Finance https://www.propertyinvesting.com/topic/4401778-overseas-cash-at-low-interest-rates/#post-4635547 Mon, 08 Nov 2010 04:43:29 +0000 The strategy above probably will not work because exchange rates adjust for interest differentials as well and also you expose yourself to currency risk!

]]> 3614177229f5941ba732dd306609d71e WhatIfWeFinance replied to the topic Mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4400673-mortgage-broker-8/#post-4628698 Wed, 28 Jul 2010 22:17:44 +0000 I agree with Richard and co anybody can become a broker. Infact Certificate IV is a "Clayton's Qualification" and teaches you very little about lending and the things you need to be aware of.Standards must be harder! You do not go to the accountant and decide I can do this and next week become an accountant!

]]> 4e0124ecd832e65a00b18524e066fb6f WhatIfWeFinance replied to the topic Paying off loan in offset? in the forum Finance https://www.propertyinvesting.com/topic/4400294-paying-off-loan-in-offset/#post-4626326 Sun, 20 Jun 2010 02:49:20 +0000 Assuming you have an interest only facility, $300k in an offset account with 100% interest offest means you pay no interest. The loan is not closed and you can deposit or withdraw from your offset account.If you are on P&I you may still be required to pay the minimum monthly repayment but there will be no interest and you are paying off principal only.

]]> aad62fe025ff87d54a4a88d7cd47c3d1 WhatIfWeFinance replied to the topic ANZ - Home Lender of the Year 2010 in the forum Finance https://www.propertyinvesting.com/topic/4400211-anz-home-lender-of-the-year-2010/#post-4625885 Wed, 16 Jun 2010 02:28:23 +0000 Agree with Banker  on this….FYI is there an correlation between advertising in a particular publication and the winning of awards?

]]> 1d3c197114f2f2c3b084d3a8f06aeee5 WhatIfWeFinance replied to the topic Credit unions comment by mark bouris in the forum Finance https://www.propertyinvesting.com/topic/4399996-credit-unions-comment-by-mark-bouris/#post-4624763 Mon, 24 May 2010 05:48:00 +0000 Folks how much innovation is there really in financial markets eg especially mortgages. Interested to see 3 truely original ideas in home loans for the past 5 years?

]]> 2747650ec621f57801bdd4fd248cf8eb WhatIfWeFinance replied to the topic Do Vaulers know the sale price and should they?? in the forum Typically for purchases https://www.propertyinvesting.com/topic/4399670-do-vaulers-know-the-sale-price-and-should-they/#post-4623015 Sun, 25 Apr 2010 22:08:38 +0000 Typically for purchases valuers are given the contract of sale. Which means they should know the sales price. Also when conducting a valuation they will loook at recent sales of properties in the area. A valuer would argue by looking at that information they are infact forming an objective view.I have had valuations come in short (typically around…[Read more]

]]> fa0e294b52ca01f8a0eadaaa2db2b5e1 WhatIfWeFinance replied to the topic finding finance in the forum I have done deals like this https://www.propertyinvesting.com/topic/4399599-finding-finance/#post-4622684 Mon, 19 Apr 2010 20:47:58 +0000 I have done deals like this before. But it all depends on your income, assests and liabilities. Probably need a little more detail

]]> 654a0b41f2dc053edf7351566b69b2c0 WhatIfWeFinance replied to the topic Finance restrictions easing??? in the forum Finance https://www.propertyinvesting.com/topic/4399439-finance-restrictions-easing/#post-4621491 Thu, 08 Apr 2010 10:05:50 +0000 Question is will the property market slow down and is the RBA trying to break the property bubble? RBA are no record saying they do not like price bubbles?

]]> e0de853740049136db9198f7d6d73d41 WhatIfWeFinance replied to the topic Finance for build subdivision in the forum Finance https://www.propertyinvesting.com/topic/4399408-finance-for-build-subdivision/#post-4621304 Tue, 06 Apr 2010 06:27:56 +0000 In my experience a lender can finance this as 2 individual titles provided the block is already subdivided. If it is not subdivided then they will see it as one title one deal.The next thing you need to consider here are what the lender is likely to value the sub divided property at. Remember bank valuations at times can be a little "flakey" so…[Read more]

]]> b1092a4cdb4de811bc93f6d97a9f63d4 WhatIfWeFinance replied to the topic One more hike from the RBA in the forum Finance https://www.propertyinvesting.com/topic/4399412-one-more-hike-from-the-rba/#post-4621323 Tue, 06 Apr 2010 06:07:59 +0000 CBA have moved first and passed on 0.25% pa. Here are the details….Change to Interest Rates as from Friday 9 April 2010 Today, the Group announced it would be increasing the interest rate on its standard variable rate home loans by 25 basis points following the increase in the official cash rate made by the Reserve Bank of Australia (RBA). The G…[Read more]

]]> c8e267332a5941774d72f4099ebe9a20 WhatIfWeFinance replied to the topic Multi Property Finance problem in the forum Finance https://www.propertyinvesting.com/topic/4398731-multi-property-finance-problem/#post-4616801 Mon, 05 Apr 2010 22:40:09 +0000 Mortgage Innovator is a CBA Mobile Lender effectively. They onlys ell CBA products and work on commission only :)

]]> 6ee01f54c803cfd62fba84b08e847491 WhatIfWeFinance replied to the topic Cert IV Quals Online in the forum Finance https://www.propertyinvesting.com/topic/4399134-cert-iv-quals-online/#post-4619412 Mon, 15 Mar 2010 10:47:14 +0000 I completed their online coursehttp://www.financeinstitute.com.au/mortgageconsultant.htmlThought it was ok

]]> 42094fed25797658164253f021e28d70 WhatIfWeFinance replied to the topic Refund home loans the broker on Today Tonight - Any comments? in the forum Finance https://www.propertyinvesting.com/topic/4399094-refund-home-loans-the-broker-on-today-tonight-any-comments/#post-4619153 Mon, 15 Mar 2010 10:43:48 +0000 Michael that number is 3 to 4 years old and is the duration of a home loan quoted by a major bank that I worked for.

]]> 115302c56a24baf8356d1df04d93917a WhatIfWeFinance replied to the topic Refund home loans the broker on Today Tonight - Any comments? in the forum Finance https://www.propertyinvesting.com/topic/4399094-refund-home-loans-the-broker-on-today-tonight-any-comments/#post-4619152 Mon, 15 Mar 2010 10:43:45 +0000 Michael that number is 3 to 4 years old and is the duration of a home loan quoted by a major bank that I worked for.

]]> 970698c0526dea1ac4de9750f1fe39ff WhatIfWeFinance replied to the topic Refund home loans the broker on Today Tonight - Any comments? in the forum The 3.5 year figure quoted https://www.propertyinvesting.com/topic/4399094-refund-home-loans-the-broker-on-today-tonight-any-comments/#post-4619145 Sat, 13 Mar 2010 05:47:47 +0000 The 3.5 year figure quoted is a slightly dated figure which was the average duration of a bank's home loan portfolio. Subsequently banks introduced Deferred Establishment Fees and this has increased. Banks were quoting this as a justification for DEF's and suprise sprise the average DEF is on 4 years. Bank profitability models for Home Loans show…[Read more]

]]> 9bc9d698430f21ab4c2fdc7cef3b0511 WhatIfWeFinance replied to the topic Interest rates for Development Loan in the forum Finance https://www.propertyinvesting.com/topic/4399092-interest-rates-for-development-loan/#post-4619131 Thu, 11 Mar 2010 21:36:31 +0000 It really depends on a number of factors the rate as I assume this is commercial? But I have been placing these anywahere from 7.8% and above on commercial deals.

]]> 84726e96c7c78689fd6fa2bdf221951c WhatIfWeFinance replied to the topic Deposit Question in the forum Finance https://www.propertyinvesting.com/topic/4399069-deposit-question-2/#post-4619028 Wed, 10 Mar 2010 03:12:41 +0000 Just be careful I have never seen a property purchase where the bank values more than the property purchase price. They will argue that is the price a willing buyer and seller are prepared to exchange the property for hence the valuation.Question is it arm's length transaction?

]]> 0714950f10bc200f2a6bc9f6a50c8662 WhatIfWeFinance replied to the topic Aggregators for new starters in the forum Finance https://www.propertyinvesting.com/topic/4398906-aggregators-for-new-starters/#post-4617875 Thu, 04 Mar 2010 02:28:02 +0000 Pete not sure how good they are but I cam across thishttp://www.brokermentor.com.au/Best of luck

]]> 9c9d1be0817d31db57fcc8b806553ff9 WhatIfWeFinance replied to the topic How high can you go before paying LMI in the forum Finance https://www.propertyinvesting.com/topic/4398991-how-high-can-you-go-before-paying-lmi/#post-4618488 Thu, 04 Mar 2010 02:23:45 +0000 or become a doctor and anz will waive lmi…..

]]> bccfdd761be93590374014dc802f2938 WhatIfWeFinance replied to the topic Interest Rates Increase in the forum Finance https://www.propertyinvesting.com/topic/4398952-interest-rates-increase-2/#post-4618142 Tue, 02 Mar 2010 08:51:53 +0000 Lets see how NAB and Westpac react?

]]> d9edfa749fdae3ad70f3a9782953e484 WhatIfWeFinance replied to the topic Cross collateralisation in the forum Finance https://www.propertyinvesting.com/topic/4398960-cross-collateralisation-5/#post-4618202 Tue, 02 Mar 2010 08:50:50 +0000 Try the following. Refinance property 1 and 2 as follows:Property 1 –   borrow upto 80% or 154k assuming increase in net debtProperty 2- borrow 80% to 240k Above assumes full doc and deal services. Also split property 1 and property 2 between 2 different banks. You should not put all your eggs in one basket

]]> bdbb14c343d0eecbc2afc1dac173a7fe WhatIfWeFinance replied to the topic Interest Rate in the forum Just make sure you pick a https://www.propertyinvesting.com/topic/4398923-interest-rate-2/#post-4617970 Mon, 01 Mar 2010 09:26:44 +0000 Just make sure you pick a lender where for residential lending rates are the same for company or person. Most brokers should be able to guide you here :)

]]> c0a0e0a328d4365555d50760f89fb83e WhatIfWeFinance replied to the topic Aggregators for new starters in the forum Finance https://www.propertyinvesting.com/topic/4398906-aggregators-for-new-starters/#post-4617873 Mon, 01 Mar 2010 09:23:19 +0000 From memory Aussie have a floating scale, so the more your write the greater the commission %. Have you gone to one of their information evenings?

]]> 35c39e6c3bc710af93c586f7f82b2daa WhatIfWeFinance replied to the topic Pre-approved loans - How it works ? in the forum Finance https://www.propertyinvesting.com/topic/4398929-pre-approved-loans-how-it-works/#post-4618018 Mon, 01 Mar 2010 09:21:25 +0000 A couple of points to be aware of:1. If you require less than the preapproved amount (ie bought a checaper property) generally the lender will give you 95% of the property purchase – assuming the bank valuation of the property is as per the purchase price2. Re point 2 you can get the maximum loan amount – remembering though banks will require you…[Read more]

]]> 9a1ce8a293795beb41452c77b2460d7d WhatIfWeFinance replied to the topic Mortgage Brokers - can this be done? in the forum Finance https://www.propertyinvesting.com/topic/4398915-mortgage-brokers-can-this-be-done/#post-4617939 Sat, 27 Feb 2010 01:46:06 +0000 Hi WayneI believe the above can be done and while it makes sense there a couple of thing that you need to note:1. Serviceability –  you need to prove the bank that can afford to pay/service the loan. Banks will assess you ability to to repay the loan based on the income on your tax returns if you go for a full doc product. If you go Low Doc then…[Read more]

]]> 80282ed06a7b0681acb35a50ccb3dd41 WhatIfWeFinance replied to the topic Aggregators for new starters in the forum Finance https://www.propertyinvesting.com/topic/4398906-aggregators-for-new-starters/#post-4617871 Fri, 26 Feb 2010 20:43:24 +0000 Personally I agree changes arte nowhere near tight enough. It seemed like everybody with a loan calculator was a mortgage broker you could be delivering pizza's one day and writing loans the next.One of the things concerning me about the industry was the lack of professionalism (of some operators) who tarnished the reputation of others.

]]> baa96f56bb11f0bc3017546b2acdc635 WhatIfWeFinance replied to the topic Aggregators for new starters in the forum Finance https://www.propertyinvesting.com/topic/4398906-aggregators-for-new-starters/#post-4617866 Fri, 26 Feb 2010 06:03:13 +0000 As outlined above it is definitely getting harder. Try Aussie or there is a firmnot sure if I remember their name but they will mentor you, aggregate etc for a bigger cut of commission I think it is 40%….Terry/Richard what do you think of the tightenting of regulation?

]]> 79f87337a78c1ba972e8f7a549136142 WhatIfWeFinance replied to the topic Borrowing under a TRUST in the forum Finance https://www.propertyinvesting.com/topic/4398631-borrowing-under-a-trust/#post-4616287 Thu, 11 Feb 2010 10:16:33 +0000 Agree 100% with Richard

]]> 0fe8c23bfb2d4e571b3c02792249b512 WhatIfWeFinance replied to the topic SMSF Finance in Melb in the forum Finance https://www.propertyinvesting.com/topic/4398600-smsf-finance-in-melb/#post-4616124 Thu, 11 Feb 2010 10:14:49 +0000 Richard NAB Credit says the same thing in Victoria. They require a personal guarantee regardless of LVR. Would be interested in understanding what are the conditions NAB has for no PG?

]]> ea327151fccc31303ad87b3a35141e47 WhatIfWeFinance replied to the topic Westpac and the whole back to the bank manager spiel in the forum Finance https://www.propertyinvesting.com/topic/4398685-westpac-and-the-whole-back-to-the-bank-manager-spiel/#post-4616565 Thu, 11 Feb 2010 10:06:00 +0000 They have as much approval authority as you and me :)  Every few years a bank runs a campaign similar to this.  Reality is  Richard is right!

]]> 35daf86376dc9b5db1ff4f1830855ec5 WhatIfWeFinance replied to the topic Low Doc loan with 45%LVR in the forum ANZ. They do PAYG low doc. https://www.propertyinvesting.com/topic/4398548-low-doc-loan-with-45lvr/#post-4615882 Mon, 01 Feb 2010 07:02:54 +0000 ANZ. They do PAYG low doc. They confirm employment but not income but as advised that opportunity is gone.  There are other lenders who will do it but rather are around 9%.As I do not know your circumstances and given your ANZ experience other lenders may not be such a good idea.

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