Hi Lazza by paying the defaults in about 6mths you would be more appealing to lenders however as the defaults are over 2yrs old one of our non conforming lenders would take it on. 

Hi Lazza would need a lot more detail on the defaults eg how old they are whether paid or unpaid etc rather than hang the washing on the line feel free to contact me or you can post here if you choose. 

If you are going to be a serious investor then 4k is not a lot to spend I have no idea how long his course is but I assume it is fairly indepth.  Any training whether it be through a Tafe, University or whatever does not come cheap if it has the worth while material.  If Steve charged $700 for one day how many days is the Hans Course?  Good in…[Read more]

You can either display your income, deposit etc here or contact me and I will help you determine how much you can borrow

Hi Jazz , the equity in Townsville should be accessable however the increased mortgage on that property not be tax effective as was raised for personal use, it would be worth your while speaking to your accountant on this.  Structuring your new loan for futuer purposes is quite important we are based in Brisbane if you would like some help

You are looking for a loan that would incur low DEF defered establishment fees

Hi Helen without more information it is hard to tell however from what I read we have a lender that may accept your husbands position as a Payg rather than going the Low Doc way.  Let me know if you would like to discuss this option further via email as not always here on this site

That should keep you busy for a while happy reading!

An alternative would be to arrange a Deposit Guarantee which would have a fee, however would save you having your own funds locked away for such a period.  Conditions apply such as you would need to have equity in another property, this is more for your protection as if your situation changes down the track you will still have to come up with the…[Read more]

As you seem to be aware structuring the loan is an important matter, and to have maximum effectiveness of the investment property it does need to be of borrowed funds rather than your savings.  Why do you not contact one of us online brokers in here most of us have a free service and you will probably find a better deal than you have to boot.  J…[Read more]

Hi Rob as per private message we may be able to help you but really need more information

Sales stunt for a Buyers Agent eh? it sounds like one anything with the word "Secret" attached is usually a stunt of some sort

Or take equity out of one by way of a loan increase with a split and the use it for the other saves cross collateralising

I suppose part of that would depend if you organised a fixed price contract for the developement, then the lender if they handle this type of loan may agree to lend on end value.  I would be a little careful re using cash from the investment property to fund your PPR I guess they are cross colateralising the properties to do this.. 

One of our lenders offers disounts on LMI if have 5 % genuine savings so  you would not have a problem

Its a small note that you stick on your fridge to remind you of shopping tasks?  sorry just a guess

Hi Great effort however I agree you need to get away from an optushome website I suggest you set up a redirect by signing up for a cjb account http://www.cjb.net yeah some will know its a freebie but most wont.  The idea is you set up something like investor.cjb.net and have it redirect to your other site.  Of course a paid website is more p…[Read more]

Also when it bounces it will make the other lenders weary so she is not doing herself any favours.  If it is the limit she is concerned about a good broker will know ways of possibly increasing this without being fraudulent.  The loan structure is a far more constructive way in accessing higher amounts. 

Some lenders will agree to not cross collateralise, however most automatically do unless negotiated with upfront. 

Hi once again no one is going to make the decision for you at some point you will have to make it yourself, by using the equity in your own property you will save on the Mortgage Insurance however by maxing out the loan on the invesment property you should have a better tax advantage.  Why not spin it past your accountant the LMI may be…[Read more]