Cap B replied to the topic Do you use FirstMac bank? in the forum Finance 13 years, 9 months ago
They mortgage insure all loans. Have high set up fees. Have high exit fees. The rates are not as stable as the banks. They pay high commission. Not sure who what works for. Actually I am sure. The Broker!
Cap B replied to the topic Where to buy Frankston area / Mornington peninsula (VIC) in the forum Help Needed! 13 years, 9 months ago
I would stay around Mornington, mt Eliza, or parts of Frankston South. Avoid Carrum, Frankston North and most of Seaford. Seaford close to the beach is OK. Mornington has great beaches, booming population, new freeway etc so is a great place to invest. Parts of Frankston have great potential as the council in remapping a new face for the town, it…[Read more]
Cap B replied to the topic I need a mortgage broker URGENT :) for a block of land I have placed a deposit on. in the forum Sent you a personal message. 13 years, 10 months ago
Sent you a personal message.
Cap B replied to the topic Hi ,Deal or no deal in the forum Help Needed! 14 years ago
duckster – plane, glider – who cares? connotations are the same.They're not providing advise – they're trying to flog properties for a commish. see http://www.futuresecurity.com.au/aboutus.asp
Cap B replied to the topic Making Offers Lots of Offers in the forum Help Needed! 14 years ago
IntrigueBit of useful info – if you submit a formal written offer on a property, the Agent (by law) must amend the price guide to your offer.For example, if a property was marketed with a range of $250K – $300K and you put in an offer of $280K (which would be declined by vendor, no doubt), then the agent must amend the price guide to $280K+This…[Read more]
Cap B replied to the topic Hi ,Deal or no deal in the forum Help Needed! 14 years ago
RussellI would steer clear of them.I worked for a company that financed loans referred by a similar Investor club to the one you describe.They market properties with inflated prices, but don't tell you when the valuation comes in short of what you paid for it.You don't need the services of a group like this. Their method is pretty simple:- …[Read more]
Cap B replied to the topic Exit Fees in the forum Finance 14 years ago
itsandrew,You're right – If smaller lenders are forced to cut early exit fees, they will need to bump up their rates to compensate. Therefore possibly making their rates higher than the Big 4.It takes at least a year for a lender to start making money on a loan they have provided due to the costs associated with setting it up. If the customer l…[Read more]
Cap B replied to the topic Building Pocket? – Muti-unit development in the forum General Property 14 years ago
Zoran – you need to check the Title of your land for any covenants relating to what you can and can't build on the land.I've been in the industry for over 10 years and I'm not sure what "building pocket" means, but it could mean simply that you must maintain certain dimensions between each dwelling (as you said, each property must be a certain s…[Read more]