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brahms
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@brahms
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Post Count: 485
April 29, 2005 - 11:36 am
Rob, this forum isn’t about you….or me….
get it??
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
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@brahms
Join Date: 2004
Post Count: 485
April 29, 2005 - 10:52 am
<edited – in fact this is the most interesting of topics 9.50pm Friday night>
this is a really interesting topic – asking price = $ at todays value/cost, terms = $ at a time/value calculation
Steve, how would you negotiate in todays market – say sub 7km/inner city Brissy?
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
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@brahms
Join Date: 2004
Post Count: 485
April 29, 2005 - 10:33 am
Correct, but it is a very commercially acceptable rate and structure, and, it is a low doc after all….
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
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@brahms
Join Date: 2004
Post Count: 485
April 29, 2005 - 10:02 am
banks don’t discriminate on age, they do however have to be able to demonstrate that an applicant can service the loan for the total maximum term of the loan.
get it?
as an earlier post mentioned, sw, ‘logic’ doesn’t factor
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
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@brahms
Join Date: 2004
Post Count: 485
April 29, 2005 - 9:52 am
do you have a fast solicitor?
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
Participant
@brahms
Join Date: 2004
Post Count: 485
April 29, 2005 - 9:33 am
this is of no use to Rod of course, but i think the MMS is available as a self cert, it just changes name to a MSE (Express) – reducing rate, free redraw, low doc, bells with pretty whistles etc.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
Participant
@brahms
Join Date: 2004
Post Count: 485
April 29, 2005 - 9:19 am
probably not histories the first pointless conversation with a financial planner …
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
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@brahms
Join Date: 2004
Post Count: 485
April 28, 2005 - 7:22 pm
i think Terry and Rob have covered this.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
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@brahms
Join Date: 2004
Post Count: 485
April 28, 2005 - 12:10 pm
if your figure didn’t include stamp duty, around $1300 difference.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
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@brahms
Join Date: 2004
Post Count: 485
April 28, 2005 - 12:01 pm
LMI is based on % and is different for each lender. Significantly different in fact.
I think you could have got it cheaper.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
Participant
@brahms
Join Date: 2004
Post Count: 485
April 28, 2005 - 11:48 am
Rod,
you do realise that every $’s worth of equity (whether its someone elses or not) will equal precisely the same amount of $’s of debt/mortgage don’t you?
equity has to be paid for if you use it, it’s not some sort of manna from heaven.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
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@brahms
Join Date: 2004
Post Count: 485
April 27, 2005 - 10:17 pm
I’d focus on finding an account with no transactional fees – Heritage?? from memory may suit.
If your only wanting to hold $100 max in the account at any time, well, the interest earnt whether its 5.25 or 6% is totally irrelevant.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
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@brahms
Join Date: 2004
Post Count: 485
April 17, 2005 - 3:51 am
oh thats too funny.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
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@brahms
Join Date: 2004
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April 17, 2005 - 3:46 am
the real estate agents trust account (where deposits are held) do not earn interest.
as for how much you put down – its all negotiable and seeing as its your money, i’d reckon you have the upper hand.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
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@brahms
Join Date: 2004
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April 15, 2005 - 6:13 am
thanks guys, i’ve had a quick dig around the intray and found some info on these – one certainly would need to brace themselves for the fees – but i’m sure there’s a market for them. probably not everyday useage i’d imagine.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
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@brahms
Join Date: 2004
Post Count: 485
April 12, 2005 - 11:29 am
the term ‘investments’ is simply huge – maybe you can define it a tad, you know, somewhere between Number Plates and French Clocks
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
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@brahms
Join Date: 2004
Post Count: 485
April 12, 2005 - 11:21 am
Originally posted by Mobile Mortgage:
Hi Leo,
Rates on 90% LVR low doc will be at the high end, mid 7 to 9% depending on lender and the type & size of the security, You may need to factor in the LMI premium on top of your closing costs, Cheers.
Regards
Steven
Mortgage Broker
Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au
PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
LODOC and LMI @ 90%? surely not?
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
Participant
@brahms
Join Date: 2004
Post Count: 485
April 12, 2005 - 10:53 am
hi, all of the above plus MONEY, serious RESEARCH and never lay down TENACITY.
Good luck with it, the property management industry could certainly use a NICHE- whatever it is.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
brahms
Participant
@brahms
Join Date: 2004
Post Count: 485
April 12, 2005 - 10:30 am
17 years same industry (15mths self employed) should be ‘win’able – as long as your cashflow supports the borrowings.
can u explain the 82% and 60% thingy please, really lost me there. are you x coll on everything?
cheers
brahms
CALL NOW…adults only (boys and girls ask mummy or daddy first) ~~ 1900 HOT BROKER ~~
brahms
Participant
@brahms
Join Date: 2004
Post Count: 485
April 12, 2005 - 9:56 am
if you have significant amounts of cash at hand than the offset account could be of benefit, if not, probably not.
a couple of grand in an offset for a year or two = cost of a cup of coffee (subject to local coffee costs
cheers
brahms
CALL NOW…adults only (boys and girls ask mummy or daddy first) ~~ 1900 HOT BROKER ~~