hi chris, outside of ‘banks arguing the val is for internal use only’ ie. theirs not yours – your post is a grey area…what do you mean?

a. he/she who provides the hard and foldings is NOT a hanger on..
b. advertised asking price does NOT = value
c. ..undervalue…settlement time…sale price…true valuation… what???

help me, i am not…[Read more]

Really comes down to the conditions – i’ve had clients recently purchase at a lesser price as their contract was subject to finance and building / pest – the competing contracts where subject to same plus sale of existing property.

my clients offer was obviously ‘cleaner’ and therefore more acceptable despite being a lesser price.

kay,…[Read more]

my dream ain’t a 4×2 dog kennel with my neighboures bed closer to me than the street!!!

why are you building so close to your neighbours bed?

Dave

(hey what, by jingo by crikey, did you say property boom, not here in Qld by crikey – its just those southerners buying us out of house and home and pumpkin scones)

Seriously, the reason you need to buy a double block on Russell Island is that the first block goes under water every high tide.

These blocks are the finest examples of ‘water…[Read more]

self employed with abn for 2yrs plus = Macquarie
others to consider / discuss with your broker are CommBank and as Rams will be reworking their low doc in the v.near future, this may be an option to consider as well.commbank don’t do fixed, other two do, St G and Suncorp not attractive due to MI and net asset position required.

there are some new…[Read more]

r u looking for 60, 80 or 90% lvr?

cheers

Brendan Heagney
Mortgage Broker
0438 436383

If you don’t ask, the answer is no!!

Hi Gatsby
1/yes – try to avoid ‘probationary’ period
2/obviously it is always better to secure a new position first – as long as a gap is plausible no real issue there (other than your personal cash flow of course)

long time with same employer or industry is generally a good thing – having a few employers in the last few years in the same…[Read more]

hi Phil – bit unlikely but if you don’t ask the answer is no.

any specific reason why the vendor will take it off the market for 12 months? has it been for sale for ever or something?

cheers

Brendan Heagney
Mortgage Broker
0438 436383

If you don’t ask, the answer is no!!

is this a chain letter….and no, you may not have one of my dollars..

cheers

Brendan Heagney
Mortgage Broker
0438 436383

If you don’t ask, the answer is no!!

hi falcon,

the answer to your initial question is yes.

sorry to be pedantic, but despite all the other posts, what does $60k equity mean?

is is the existing property is worth $200k and you owe $140k, or…please detail as without this knowledge any reply is crap.

cheers

Brendan Heagney
Mortgage Broker
0438 436383

If you don’t ask, the answer is no!!

Hi Robert,

a couple of questions come to mind…why?

1. are you renting out this property (at a loss)
2. where are you living now?
3. tell me more…

cheers

Brendan Heagney
Mortgage Broker
0438 436383

If you don’t ask, the answer is no!!

no offence taken and none given – your written word is consumate evidence of your professional position, IMHO this is a common position supported by the vast majority of profesional mortgage brokers who openly advise their clients of the good, bad and evil of mortgage finance (and need i say it, relative commissions earnt)

cheers

Brendan…[Read more]

commercial often is distorted significantly on rental returns
(lots of smoke and mirrors here) be very careful, what you see is often not the reality- essential to purchase quality, at actual not ‘book’ rentals, with quality tenants on quality leases. be very confident in your solicitor.

cheers

Brendan Heagney
Mortgage Broker
0438 436383

If…[Read more]

Simon, surely you mean NAB don’t pay commision to brokers for deals to existing customers (transparent)

Alf, unfortunately the allocation of ‘personal banker’ sounds better than it actually is. and again, unfortunately your experience is not uncommon. however…

if you are not disadvantaged by x-coll of properties, and the finance deal is…[Read more]

k_nasser

obviously your finance was approved on the information you gave the funder, as such, you are able to meet the repayments with the assistance of the rental stream.

the deal is negatively geared which i trust suits your current financial situation. if you have purchased in an appropriate appreciating area, your net position will shortly…[Read more]

alf, are you disadvantaged by being x collateralised?

1896?

cheers

brahms

If you don’t ask, the answer is no!!

you will need to determine the market price of the property and be prepared to pay it…if you make an offer and purchase it cheaper – well done.

cheers

brahms

If you don’t ask, the answer is no!!

true

brokering is not always about what is cheapest as you know, most brokers want their clients to be satisfied with the ‘overall’ product – Simon, unfortunately the experience described in the initial post is reflective of NAB customers i have worked with – i’m simply sharing experiences which i think is conducive to this forum, unless of course you…[Read more]