probaly was but thanks for that link

well i got told by a broker if you have say 2 securities with the same bank they are deemed to be separate loans and different securities can be secured against these properties at a later stage or “refinancing”. This doesn’t technically cross cat the loans but if you default on your loans or repayments and somehow the banks wanted there money…[Read more]

keep in mind the all monies clause! only if your crossing it with the same bank & separate loans. i only learned about this the other day.

Hi Brad,With so many defaults within 5years i highly doubt you will get finance through the big banks especially if you need to use Mortgage insurance.

nope i haven't i done exact same thing as yourself i had to change my loans over to IO from PI set this up wrong from the start.

thanksi may take these guys up on the gold package so cheap! iv been quoted $500-650 for a report done on my house

hey Nafe,shoot me a pm with the details

not worth the risk of paying back $17000+ and fines!

hmmmRichard am i right in my last post? or can you correct me

Thanks Richard my broker can get me 97%LVR because i am an existing customer i think thats including LMI. So on my new property would i be paying LMI based on my total debt? or just on the new property? i don't quite understand if my total debt is 103% with my bank and say i wanted to sell for an example would the total LVR on both securities need…[Read more]

Hi Guys,can anyone recommend someone in melbourne?

Cheers MikeReal eye opener to read the reports should of done the hunting around prior to purchase but i didn't know

Hi Rich71,iv recently ultilized the FHOG & PPOR consessionFHOG is paid before or on settlement you don't see it all happens in the back endPPoR concession is done at settlement i acutally recieve my stamp duty concession about 3 days after settlement.hope this answers your questioncheersBill

i done a caveat purely for peace of mind it only cost me $70 odd dollars i don't know were they got that figure from

least they are cutting them!im happy my bank pulled its finger out "westpac"

Richard,Wow that information i did provide was based on pre approvals back at the end of febuary when i was looking at house loans. I am guessing with the fincial crisis the banks are tighening up there lending requirements.all the best Dank

dank,i recently got a loan new job same idustry on a probation through westpac no worries, apprently commbank don't care thats what my broker told me.i just had to provide a letter saying i am doing really well and i am working full time didn't mention the probation.good luck

is it worth switching if i most probaly be moving in as my PPOR within 2yrs? I definatley want my next property to be a full offset interest only thanks Richard

Hi MareeThanks i have emailed youmy loan is with westpac flexi first principle & interest i do eventually one day move into my house to live and have 1 or 2 IP interest only loans. Cheers

thanks