Scott No Mates wrote:
It means the agent is trying to empty your pockets more quickly.

Why that term also comes with no price guide of the property ?

My fiancee just went back from St George Bank, according to STG’s calculator, My fiancee and I are allowed to borrow upto $580,000. Is it about right ?

He told my fiancee as well that Stamp Duty cannot be capitalised, but can be offset against FHOG, is it right ?

It is lil bit funny that when my fiancee showed him my payslip (from a mortgage…[Read more]

Wow that’s great, hopefully that is not because you are a cuteyoungchic . I am actually looking for an answer for this question as well. If it is not for an IP, and you like the property, you are lil bit afraid that your offer will not even be considered. Many properties are advertised this way. Offers over $500,000, does that mean anything under…[Read more]

Hi, I am interested to this topic actually. Currently I work in a mortgage company (lender- not mortgage broker), as an Accountant (working towards completion of CPA Aust). I also have responsibility as an assistant to the Fund Accountant for a boutique super fund and currently also undertake a study for Diploma of Financial Services (Financial…[Read more]

I hope it will still be flat until I purchase mine

Thx for both of you. Appreciated.

I have another question, which will benefit me more, have $10,000 on the top of 15% deposit or I use the $10,000 to repay my credit card debt and lower my credit card to $5,000 (will it have more effect on my serviceability?) ?

I am lil bit worry about the serviceability opinion from lenders, I definitely can…[Read more]

Who has bad credit ?

Guys,

I would like to have someone to be able to clarify few things. I plan to buy the property in mid August (start looking early August).
1. When I should start to get a loan approval either through the bank directly or mortgage broker ? if through a mortgage broker, then when I should start to meet in person ?

2. As I told in my original…[Read more]

Qlds007 wrote:
Standard rate but your Broker will need to get the LMI Waiver for you as it is not automatic.CheersYours in Finance

By saying that, does that mean that if I apply by myself, I wouldn’t be able to get LMI waiver ?

Marty McDonald wrote:
85% no mi with ing not possible unless main income earner is 2 years in job I think from memory. Westpac fine. Citibank should also be fine as long as property in good location ie Sydney metro.

Hi Marty, thank you for your help. I would like to ask, with 85% LVR no LMI, what interest actually they offer (Westpac and…[Read more]

Qlds007 wrote:
All looks ok and appears to meet lending criteria for No LMI.CheersYours in Finance

Would you mind to tell me what is the lending criteria for no LMI with LVR 85% ?

1. Provide the “base” income for each applicant (if your in an industry that get’s paid a lot of “allowance” “overtime” and “shift work” let me know…it will be calculated slightly differently
Applicant 1: 55,000 gross + super
Applicant 2: 45,500 gross + super

2. Are you both Full time? or is it causal, part time, contractors etc…
Both Full…[Read more]

Thanks Michael.

No dependent
Joint application ( 2 Adults)
CC repayment = $120 per month + standard living expenses
FHO
No HECS

Qlds007 wrote:
Hi FerdinandOn the information to hand and on the basis that you CC limit is only $10K Yes you would appear to qualify merely from a serviceability point of view.CheersYours in Finance

Hi Richard, what do you think about the fact that we have only been in the current job for 1 year ?

Do you also know anything about lenders…[Read more]

Hi Richard,

Nice to talk to you again, you are always very helpful. That house/apartment will be my first home and I would really like to take the benefit of FHOG and stamp duty concession. Maybe I am wrong, but that is what I thought that if I make that house/apartment as an IP for a while, I would not be able to get the benefit, is it correct…[Read more]

Qlds007 wrote:
Happy to do so you have my email address.

I sent you an email, please reply at your convenience.

Cheers.

Qlds007 wrote:
Yes – Have you ever renovated a house that change the structure of the building before Every Qlder i have raised and built under.Yes the Bank will fund the renovation although depending on the numbers may want to draw cheques in favour of the registered Builder doing the structural work.Certainly renovate if it adds value and…[Read more]

Mates, currently I’m in doubt whether I should make an investment on properties or not. I don’t know the calculation of people who have portfolio with 4-5 properties already, but if say it, I actually can invest my money ( $20,000 per unit investment and can generate income net after tax 600 p/month. )

Initial cash : 20,000
Net income per month…[Read more]

Qlds007 wrote:
Regretfully not an expert on Albert Shire.In saying this as long as it is on title i can see an issue in lodging a building application to increase the external size of the property. Normal Town planning conditions would apply.

Have you ever renovated a house that change the structure of the building before , Richard ? Can we…[Read more]

Thx Richard,

I found some decent properties in Eagleby and Beinleigh. Based on your knowledge, if say it , my property has 700 sqm land, and the building is only 250 sqm, later on can I renovate the house and expand the size of the building become 400 sqm ? what’s the rule behind that ?

cheers