Speak to a Mortgage Broker, try Terry from Discover Home Loans he is on the website and definately knows his stuff. Not to say that others dont, but he is very good!

cool [cap]

Wouldnt surprise me if they put it up

[cap]

Maybe you are predicting a plane crash or car crash… (best stay indoors then!)

Property prices may correct slightly in some markets, but the word crash… mmm doubt it.

Luke [cap]

You are correct, Terry does know his stuff. I have contacted him and he is helping me. Thank you all for your suggestions.

Much appreciated

Luke [cap]

[cigar]

Seems a lot of professionals out there lack specialised knowledge about property investing. There is a lot to know-, a referral for an accountant / mortgage broker etc off the website could save you a fortune and a lot of headaches! Just do your research I spose!

Im sure they had a special on “too hard baskets” at officeworks recently!!!

yep -checked, it sounds ok! woohoo!

Marc

I wonder if our two brokers ARE related??? haha

Wouldnt surprise me! I know EXACTLY what you are going through!!! Im sure it is very frustrating for you.

Luke [cap]

Terry – What do you mean by x2 more? Do you mean twice as much as originally offered?

Marc,

Not it isnt. She supposedly personally knows two CEO’s of which names I wont mention… She isnt entirely bad, just inefficient and not entirely professional.

As the person who will be signing the loan I would like to know what is going on, who I am applying to and how the loan/s will be structured. I also need information on the loan…[Read more]

I have now put up a post asking for references for a decent mortgage broker. *fingers etc crossed*

Thats a good suggestion using two different LMI companies! Never thought of that. I need a more proactive broker I think. The situation im in now, is that I have a letter from the lender stating an approval pending valuations but would it be too late to go through the whole process again now?? I dont want to lose the 115k property I…[Read more]

Yep I got stuck with ANZ’s friendly letter telling us what they were doing too…

I must say that I wasnt happy at all. Its 1 point per dollar up to $2500 per month then 1 point for every $2 after that but is capped at 5000 bucks a month!

Grrrr

where is Hamilton? hehe

Thanks for your replies. No, definately no mistakes with the figures. I have sent a very long email outlining my concerns to her, and am waiting for a response. There is more to the story above where she has contradicted herself saying some things.

Anyways will update when I know more

Luke [cap]

Given those figures, and considering Perth is maybe 10-15 years behind Sydneys prices now, Sydney is a market im staying well away from… Well, while Perth exists anyway. Not to say I wont invest here in the future, but for now, I cant afford it!

Not saying Perth is the best from every angle, but for a beginner like me, and anyone who knows…[Read more]

Not so much the properties being the cause of the stress, its just that I was told the finance would be “easy” this time. Then the broker couldnt give me a straight answer about what stage they were up to, why it was taking so long, and even the lender we were applying to changed at the very last minute?!?!?! Strange to me. We missed the standard…[Read more]

Ok here we go. I love this website cause i can (as some would call it) crap on as much as I like about property and no doubt, someone will be interested!! haha

Perth is a great place to invest. Long term I think you could shut your eyes point on the map, buy a house there and do well.

If you dont believe me, fly to Sydney for a week and check…[Read more]

Originally posted by yarwood:
Hi Newgen

I noticed that you are in Sydney.

I just wonder what people in Perth think of the Perth property market at present. Perth seems to lag behing Sydney and Melbourne with these cycles. I have read a few headlines myself but I’m always interested in picking other people’s brains.

I can offer some anecdotal…[Read more]