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  • Profile photo of Joseph12Joseph12
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    April 10, 2010 - 10:31 pm

    Its a paying out for injury.

    Profile photo of Joseph12Joseph12
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    June 26, 2009 - 9:08 am

    Would the diploma be enough to gain employment in a wealth management/investment company or is it recommended a advanced dipolma/specialised areas of study be completed ?

    Thank you.

    Profile photo of Joseph12Joseph12
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    June 26, 2009 - 3:54 am

    Hi,

    I am thinking of doing a financial planning diploma at TAFE and wanted to know what specify areas they cover.

    Does it cover investment products such as shares,options etc and SMSF ?

    Thank you.

    Profile photo of Joseph12Joseph12
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    June 16, 2009 - 12:29 am

    Thanks for the response Terry.

    Could the answer be d) as a portion of the mortgage payment would be included as a business expense as he is using a portion of his house as a home office ?

    Profile photo of Joseph12Joseph12
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    June 4, 2009 - 9:07 am

    Hi Craig,

    Their is lenders who still do these loans however due to market conditions most are getting knocked back.

    Profile photo of Joseph12Joseph12
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    June 4, 2009 - 8:54 am

    Hi Craig,

    Home loan Ltd is a mortgage manager and the wholesale non bank lender is Challenger. Challenger is very active non bank lender in the market at the moment and they have been in the past reducing their rates similar to the banks based on the Reserve bank rate reduction decisions.

    Challenger have however removed their non-genuine savings product and as a result if you are borrowing more than 85% LVR you would need 5% genuine savings. If you are borrowing 85% or less LVR you do not require genuine savings.

    What your broker has advised you sounds correct.

    Profile photo of Joseph12Joseph12
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    June 4, 2009 - 1:30 am

    Thank you for the response.

    Another question if you are using a personal asset partially for your business such as a car and you have a personal loan against this asset.

    Would you only include only half the debt/expenses incurred in operating the business in the financial statements ?

    Profile photo of Joseph12Joseph12
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    April 3, 2009 - 1:40 am

    Found out Rams, St George and CBA are able to look at the loan.

    Thanks for your help.

    Profile photo of Joseph12Joseph12
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    April 2, 2009 - 8:30 am

    Loan amount is around $300K  to refinance investment loan.
    LVR between 60% to 80%
    ABN more then 2 yrs registered.
    No GST registration.
    Location of security category one sydney metro location. Not high density security.

    Please advise which lenders would consider looking at the loan ?

    Thank you

    Profile photo of Joseph12Joseph12
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    March 15, 2009 - 10:44 am

    Thanks Terry for answer. Yes I mean installment contract.

    Which lenders will consider refinancing installment contracts ?

    Thanks.

    Profile photo of Joseph12Joseph12
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    March 3, 2009 - 11:54 pm

    Please advise why a trust would have this arrangement in place ?

    Thanks.

    Profile photo of Joseph12Joseph12
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    March 3, 2009 - 1:50 am

    Hi,

    What if their is a capital loss. Is this loss offset against other income ?

    Thanks.

    Profile photo of Joseph12Joseph12
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    February 28, 2009 - 12:39 am

    Thank you for your response.

    So banks are more likely to approve a loan where it is out of policy with the mortgage insurers ?

    Profile photo of Joseph12Joseph12
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    November 2, 2008 - 9:09 am

    The property investing textbooks will tell you property prices usually double every 7-10 years. However considering the property market at the moment, I agree with the negative growth previously stated.

    Profile photo of Joseph12Joseph12
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    October 24, 2008 - 8:31 am
    Qlds007 wrote:
    jb01

    Hate to ask what is the DEF or early repayment penalty with GE ?

    Can be up to 1.80% of the loan amount if repaid in the first year.

    Reduces to nil after the 5th year.

    Profile photo of Joseph12Joseph12
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    October 22, 2008 - 9:36 am

    Thanks for the answer.

    Can you claim the mortgage repayments if your using a portion of your own home to run a business such as a home office ?

    Thank you.

    Profile photo of Joseph12Joseph12
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    October 22, 2008 - 8:44 am

    Non-bank lenders that haven’t passed on the interest rate falls are under public scrutiny, particularly GE Money. Yes Home Loans Managing Director Lee Boueri explains the situation to John Stanley on 2UE:

    http://www.2ue.com.au/displayPopUpPlayerAction.action?&url=http://media.mytalk.com.au/2UE/audio/211008leeboueri.wma

    Profile photo of Joseph12Joseph12
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    October 20, 2008 - 9:17 am

    Hi
    Settled between 1 to 2 years ago you maybe entitled to a 20% LMI refund if your loan is mortgage insured with Genworth.

    However if you are mortgage insured with PMI you will not obtain a LMI refund as your loan settled more than 1 year ago.

    Profile photo of Joseph12Joseph12
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    May 16, 2008 - 1:28 pm

    So regardless of what the loan purpose is for, for example refinance home loan etc a true line of credit is not to be fully drawn at settlement ?

    Profile photo of Joseph12Joseph12
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    May 13, 2008 - 9:41 am

    You would be classified as a full time investor by the lender .

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