Hi Laury

I totally understand where you're coming from.

I remember the hours and hours of research I put into my first purchase.

After considering every city in Australia, I ended up purchasing something close to home.

Just like you, I had a good understanding of the local market and what represented a good deal. I also had access to local tradies and could carry out some of the renos myself.

I think starting off in your own backyard can be a good option. There's good deals everywhere.

Cheers

Jamie

Hi Blocka

When did you call?

There was a short window of opportunity recently when some of the majors were providing 1% discounts off their SVRs (dependent on overall borrowings and LVR) It's not such a competitive environment at present.

Cheers

Jamie

Hi Mark

It won't be crossed if:

1. The LOC is used for the deposit/costs
2. The remaining portion is set up as a seperate loan (same lender or elsewhere)

Cheers

Jamie

Out of curiosity, why does it have to be a lady?

Richard Taylor has recommended someone in previous posts. You might be able to locate the posts using the search function.

Cheers

Jamie

Yes, they will want you to provide some sort of plan in regards to how you’ll service the debt once the baby arrives. If LMI is involved and your income is a significant contribution to your borrowing capacity than it can be difficult to get approved.

Cheers

Jamie

Hi DMB

If you qualify for a 90% lend then you must qualify for a full doc loan. If that’s the case, then you should have access to the same rates applicable to PAYG borrowers on 90% lends.

Cheers

Jamie

I would considering borrowing from your current PPOR to fund the deposit/costs for your next property. These funds will be deductible whilst the property is an IP. I'd keep any savings as a cash buffer (use the banks money – not yours).

Yes.

As long as you have email and phone access you don't need to settle for the brokers/bankers in your local area. I've never met the majority of my clients face to face (many are from this forum). <edit>

Cheers

Jamie

Hi audio

Welcome to the forum.

Yes, what you're wanting to achieve is possbile.

However, it needs to be structured carefully and correctly from the start. I really can't emphasise that strongly enough.

Without any further info (which I wouldn't expect you to post on a public forum) I can't offer too much more advice but generally speaking, the answer is "yes" and it's something we help customers with all the time.

Cheers

Jamie

Hi Paulie

It’s the 2 year fixed rate under their break free package. I wouldn’t fix purely for a low rate – there’s other factors to consider. But if you have decided that fixed is for you, it’s a pretty sharp rate (at the moment).

No harm in asking your current lender to match. Ask them soon though because the promo ends next week.

Cheers

Jamie

You can opt to use a lender that allows for valuations to be carried out before an application has been submitted. There are a few of them that allow brokers to order the val up front.

Because it's older, you'll probably be paying less. Doesn't mean that it's not a good build. Pop down to the strata managers office and go through the minutes/correspondence (you might need authorisation from the selling agent). If there are any issues with the building, they should feature here.

Cheers

Jamie