Hi Felicity
76% is doable with no MI – that is the loan is not MI’d at all – also, you do realise that you pay the MI on st g low doc above 60% – don’t you?
80% low doc are ‘all’ MI’d – would you consider a low doc non conforming – no MI, higher % of course.

cheers

brahms

If you don’t ask, the answer is no!!

Well said 1hotvaluer – as a broker I can fully support your statements – I’ve never seen a val come up short for any reason other than unrealistic owner expectations.

And remember, none of us earn a cracker without settlements (by none of us I mean brokers, AND the lender)

cheers

brahms

If you don’t ask, the answer is no!!

Japan, China, New Zealand, Far North Qld, WA

What ever happened to buying in an area you know v.well – surely even in Aus the risk is high enough without taking on a global risk – i mean, how much does the average aussie know about the economy of Japan, or China, let alone currency fluctuations etc etc.

Japan can’t even give money away to spark…[Read more]

A lot of people like the idea of a bath – whether it is used is another matter totally – young children – absolutely. (speaking from experience that ip has a bath, and ppr doesn’t, come to think of it, ip has dlug, and i haven’t….doh)

other replies mention pricing small bath for one of the showers – this makes a lot of sense as it will overcome…[Read more]

I’d suggest watch this space as lenders increase penalties for early exits – ave cost of raw cost of loan set up (as I’ve heard) is in vicinity of $2500 – people who are ‘in and out’ will wear the cost more and more so I feel.

cheers

brahms

If you don’t ask, the answer is no!!

hi Sala

if at all possible maintain separate loan accounts, even with different lenders.

your bank is doing what comes naturally to some (it is some banks policy to cross collateralize in all circumstances) – that is ‘wishing to tie you up with them so you have no option (except expensive ones) but to stay with them for life.

if your existing…[Read more]

Jo,

with a p & i amortized mortgage, repayments are the same amount for the life of the loan(interest rates being stable)but the proportion of principal vs interest increases down the time line.

In effect, you pay v.little principal in the early years and a considerable amount of interest in the analysis.

Cremin, ‘rip tenants off’ -…[Read more]

pleased to be of assistance – email brendan@homeloanconnexion.com.au

cheers

brahms

Certainly not a new idea on the block, developers have been at it for years – beware holding costs – deep pockets required – and keep an eye on small individual apartment sizes – you regularly see these older apartment blocks being totally refurbed at the same time, then onsold to investor/owner occupiers.

purchasing either incredibly well or…[Read more]

if you are looking to identify if property is pre or post 1946 – with regard to demolition approval etc. go to BCC at Wandoo St in the Valley, you can view the aerial photo series of ’46 (photo copy available – it really isn’t that expensive) – if the property is present, then demo control may be applicable, if it isn’t, happy days.

cheers

brahms

Where are you trying to do this?

cheers

brahms

hasn’t the privacy act pretty much curtailed the sale and useage of such info – particularly containing names with addresses?

cheers

brahms

Hi Terry
any particular source to read more on this – does it cover ip’s and ppr’s or just ppr’s?

cheers

brahms

Certainly see your point Stu, two sides to a story however – perhaps the other team should be contacted and be invited to defend his/her activities.

Your pre approvals may be different to mine in qld, as i’ve never seen one which has been signed off by the MI – let alone not being conditional on so many items (including CRA, suitable security,…[Read more]

Possible defence for your broker – no defence for taking two weeks to communicate to you – once lvr exceeds 80% often (not always as it depends on which bank) your situation will be assessed on the MI’s calculator, not the banks as the MI is wearing the risk – the MI’s calculator is less aggressive and will lend you less than the banks (depending…[Read more]