My husband and I owe 290,000 on our house and 83000 on a block of land of which we have approx 40000 tied up. We are in a dilemma as to whether to sell the block or spend 12 months building ending up with a break even income property. Do we build, sell the block and try and buy an already established house?

Is the block of land valued at 83k or…[Read more]

The UCCC as many have said are not involved with loans that are more than 50% for business or investment purposes. They are for loans that are mainly for personal use

Wayne Skewes
Mortgage Broker
Email wayne.skewes@eaussie.com.au
http://www.eaussie.com.au/Mortgages/Aussie_Mortgage_Adviser.asp?ContentID=852280
Refinace, Loan Consolidation, Owner…[Read more]

Ah Terry the reason I have been charged break costs is because the two loans were originally with a mortgage manager! my broker took them from the mortgage manager and placed them directly with the bank.

So you are saying you have changed from one lender to another without knowing? or did the Mortgage manager have you in the Adelaide bank?

Wayne…[Read more]

There are a lot of products out there, I am not sure if you are refering to something like a deposit guarantee. This product you buy and the vender is promised the deposit if not settled. You pay a fee to purchase the guarantee and if you do not settle the company that has provided the guarantee for you, will then pay the seller the deposit and…[Read more]

Sorry when reading your letter I became a little confused, it seems you want to purchase more investment properties however struggling with the one you have.

If this is correct then you are looking for cash flow positive properties?? I am not too sure there are many around.

Then you make mention of selling the I.P. or your own home, is this due…[Read more]

I was just looking at your rent figures $310 sounds pretty cheap in this day and age. I am not sure if it is in the city or where its location is, but have you had the rent reviewed recently? I know in Brisbane would get a lot more than that so surely Sydney would. I guess it is all about location and access with units

Wayne Skewes
Mortgage…[Read more]

Good to see some good feed back comming in and yes you are right the UCCC would not be involved due to being investment properties. My suggestion for the MIAA was more to find what direction to take and I am sure they would have refered on to the Ombudsman and thanks for adding that. I am sure that if the person is an MIAA member their could be…[Read more]

As you would be aware I have provided you with options in an email and I hope this helps.

When choosing a broker always make sure they belong to a governing body such as the MIAA. This body is there to investigate any unproffessional behaviour and can take disciplinary action if necessary.

Ask what training they have and if you can see their…[Read more]

I am from Adelaide initially, how did you choose your location to build ? was there a demand for rental property when you initially built? If I remember correctly Tailem Bend is approx 50km from adelaide is this right?

Wayne Skewes
Mortgage Broker
Email…[Read more]

Personally I think it would be a tough field to enter, as it is still a profession in the infant stages. However long term you would be getting in early and if can bear the tough times I think it would be a good area to be in. The public still are not that aware of buyers agents but in time will be. The main thing would be to be diligent and…[Read more]

Hi I would have to agree with the last statement it is very easy to access the equity in the property you have, therefore there is no real reason you would need to sell. However you may have your own reasons and that would be fine too.

I would be happy to discuss with you how you can use the equity my contact details are below and I am in…[Read more]

HI Breakeven Ctaing
Wow that was a great summary of what you should look for Ctaing excellent post!

Wayne Skewes
Mortgage Broker
Email wayne.skewes@eaussie.com.au
http://www.eaussie.com.au/Mortgages/Aussie_Mortgage_Adviser.asp?ContentID=852280
Comments may not be relevant to your circumstances, check with an accountant or financial adviser

Hi just a few questions
Do you carry or plan to carry public indemnity insurance?
Are you a registered real estate agent or some form of licence?
Or have you just thought hey there is an opening I will jump in?

Just wondering

Wayne Skewes
Mortgage Broker
Email…[Read more]

Hi Don are you still wanting to purchase? have you considered all your options for raising the extra funds needed? Feel free to contact me if you would like to discuss the web page in my signature has my details.

Wayne Skewes
Mortgage Broker
Email…[Read more]

Hi I found this site the other day http://www.taxshield.com.au/ I do not know anything about them except it may be worth checking out.

Wayne Skewes
Mortgage Broker
Email wayne.skewes@eaussie.com.au
http://www.eaussie.com.au/Mortgages/Aussie_Mortgage_Adviser.asp?ContentID=852280

Yes I have to agree, paying mortage insurance LMI is a one of fee and if you want to have access to more money it is one way of achieving it. Or as one of the other posters said, wait until your equity increases

Wayne Skewes
Mortgage Broker
Email wayne.skewes@eaussie.com.au
http://www.eaussie.com.au/Mortgages/Aussie_Mortgage_Adviser.asp?ContentID=852280

Dividens in shares can be a passive form of income.

http://www.brisimports.com
email/ info@brisimports.com

Hi Frank the investors club are on this sunday at
Sunday at carina senior citizen hall
Shanky and Edmond st carina 1.30-330pm
Have not been before myself going this sunday hopefully to evaluate. If you do get one up and going or start to let me know would be interested
Wayne

http://www.brisimports.com
email/ info@brisimports.com