I would recommend getting a broker that doesnt charge brokerage fees to compare rates/fees/repayments. Some rates/fees seem great at the start but you really should compare. Most brokers can compare between 30-50 products including all the major lenders without any time/effort involved for you.[hmm]

Anita Marshall
Advanced Finance…[Read more]

You can always apply for pre-approval subject to council approval !!!

Anita Marshall
Advanced Finance Solutions
http://www.advancedfinance.com.au
anitamarshall@bigpond.com

hi there – most of the majors now have what they call a 95/5 product and they do not require 5% genuine savings and the will take the FHOG into the 5% also. You can also capitalise any LMI. There are some excellent interest rates available for this product – one that comes to mind is a honeymoon rate of 5.99%pa and no establishment fee, no…[Read more]

You are still best to shop around whenever a finance deal comes up as some lenders do charge LMI , some dont – the rate also varies depending. YOu are best to find a good mortgage broker who doesnt charge a brokerage fee to shop around for your circumstances and quote you the rates through a variety of lenders with and without LMI and make sure…[Read more]

To be honest i think that is a question for your accountant or a good financial advisor.

Anita Marshall
Advanced Finance Solutions
http://www.advancedfinance.com.au

Difficult to answer without full details but there is such a thing as “Substitute of Security” the new security must be in the same name as existing security and be of equal or more value. if not then it needs to be submitted to existing lender as total new deal.

Anita Marshall
Advanced Finance…[Read more]

My advice would be to make an appointment with a mortgage broker who has experience with mortgage finance and let them sit down and explain to you how it all works and get them to go through the various options for finance available. Most brokers now do not charge fees so it wont cost you anythign to go through them yet you will have a variety of…[Read more]

I agree with the above – most brokers do not charge fees – they get paid a commission from the bank/lender which is not passed on to you so it costs you nothing more to go through the broker than if you went directly to the bank however you have the benefit of them shopping around for your finance so they will be able to give you a range of…[Read more]

I agree with what has been written above. Another point to note is that a lof ot the lenders will now ignore small credit defaults etc. I would recommend finding a good broker and discussing any credit issues then they will be able to shop around to find the best finance package available. You should be able to save a considerable amount of…[Read more]

Do you mean with regard to the deposit to secure the sale or the deposit paid for finance purposes?

if you mean with regard to the deposit to secure the property some vendors will only accept the standard 10% deposit however most will accept 5% deposit. I would recommend negotiating the deposit with the vendor AFTER the price has been negotiated.…[Read more]

I wouldnt like to give advice on this one as it is really something I feel an accountant would be best answering – i would recommend an appointment with your accountant or one that specialises in property investors tax and get them to set up a way to structure this and then go to a broker who will be able to organise the finance side of things for…[Read more]

To add to the comments below – if you have had an ABN for 12 months (or better still 2 years ) the products are extremely competitive now so definitely worth shopping around – there are a variety of lenders that also allow no ABN or ABN for 1 day.

Anita Marshall
Advanced Finance Solutions
http://www.advancedfinance.com.au
anitamarshall@bigpond.com

I think it is really important to compare the rate when considering whether LMI will matter in the long run because some products have no LMI up to 80% (instead of above 60%) but they are at a higher interest rate – if you go with a lender such as ANZ or Bankwest they have excellent interest rates for low doc with 100% offset but they do charge…[Read more]

I am not sure what area you are located in but there is a home presentation specialist located in the Newcastle area by the name of Jacqui Williams of JW Interiors – she specialises in helping with this sort of thing. I have her details if you need it.

Anita Marshall
Advanced Finance Solutions
http://www.advancedfinance.com.au
anitamarshall@bigpond.com

I would recommend that you sit down with a mortgage broker and go through your existing structure. They will then advise you on the options available to you with your existing lender and also with other lenders to give you the full picture.

Anita Marshall
Advanced Finance Solutions
http://www.advancedfinance.com.au
anitamarshall@bigpond.com

A deposit bond is used in lieu of a cash deposit for the purchase of a residential property which provides you with the ability to delay payment of the deposit until settlement. It is suitable for clients borrowing 100% of property purchase price often in the case of first home buyers or investors and also for clients buying off the plan who do…[Read more]

There is currently a special for 6.99% pa with no LMI up to 80% LVR on homes/residential investment properties. I am happy to give you full details.

Anita Marshall
Advanced Finance Solutions
http://www.advancedfinance.com.au[biggrin]
anitamarshall@bigpond.com