FYI replied to the topic Rich is evil, poor is virtuous. in the forum Opinionated! 20 years, 9 months ago
Ahhhh money.
There is much talk of money here – why do you have to have money to be rich?
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FYI replied to the topic best way to finance ? in the forum Finance 20 years, 9 months ago
I would encourage you to look at your current debt structure. If repayments are easily affordable, and you have no personal debt on your home, borrowing 100% may be better for you tax-wise. You should ask your accountant as well.
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FYI replied to the topic Partnerships in the forum Finance 20 years, 9 months ago
Further to Simon’s comments, you can imagine the potential problems if one of the parties gets into some sort of financial difficulty and ‘wants out’.
All parties to the loan also reduce their own individual borrowing capacities.
Matt Anderson
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FYI replied to the topic commercial property financing in the forum Finance 20 years, 9 months ago
Indeed. I know of one at 8.3 – 9.45% priced on risk.
Max LVR 65%
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Steve,
You know, in reality there are interest only facilities you can obtain where if your account conduct is fine, the facilities will be renewed every year.
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FYI replied to the topic servicability rates in the forum Finance 20 years, 9 months ago
As Terry has eluded to, some banks will not just run your income through a formula but actually have a good look at your situation and what you can afford.
There is not much room to move with owner occupied property – but you should get some leniency with investment.
Matt Anderson
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FYI replied to the topic Reading the daily predictions in the forum Finance 20 years, 9 months ago
G’day Alf,
I wouldn’t necessarily take banks fixed rates as ‘predicitons’ or use these in any way to try and predict where rates are going.
NAB, as well others, have for a while now been promoting a 3 year fixed rate that is lower than the two, and sometimes a 5 year fixed rate that is lower than the 4 year fixed rate for example. Banks use the…[Read more]
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