Hi Kidja

If yuo are goint to rent yourself it is not necessary to sell the property that you have as you can always draw the equity from this property to purchase the next. By selling and rebuying the cost of the stamp duties and agent fees can be a loss that you may not regain.

However without more detail it is hard to know where you stand…[Read more]

It may be an idea to include the area you would like to invest in as buyers agents often cover particular areas. http://www.propertyupdate.com.au/ Michael Yardley is often on this forum and seems quite popular I am sure he is from NSW

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
First…[Read more]

Yes I agree with Terry if you do interest only especially on investments it frees up the cash flow to pay off whats called dead money eg your owner occupied property. If there is no chance of changing the owner occupied to an investment property in the future it would be suitable to do P/I. on this property

Wayne
Mortgage Adviser
Email…[Read more]

Also speak to a Mortgage Adviser on how to set up the loan structure

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!

Hi I have no idea of the areas discussed as I am in Brisbane however where I live I hear in years gone by had plenty of “scary” people. However now its the Ritz place to be or so some would say.

So I guess you have to weigh up have they done their home work and see potential change for the area? and if so do your research and see if you come…[Read more]

Hi Simon

There are a lot of considerations when structering your loans which need not be discussed for all to see. Why dont you use a mortgage broker to assist you most provide a free service and not only should they help you structure the loan but should take you through the whole process of settling.

There are many brokers on this site to…[Read more]

That was a nice gesture Michael I am sure many will benefit unfortuantely I am in Brisbane

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!

You could always contact the real estate institute of your state and see if they can take any action or they may be able to provide advice on how to deal with it if any thing can be done

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan…[Read more]

Hi Brad I am inner Northern Suburbs and service that area feel free to contact me any time 7 days

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!

HI Jxf
The interest only period may be set for a period of years say 5 for example, some loans it can be for the life of the loan. However returning to say the 5 yr I/O period that does not impact on the overall life of the loan.

Eg if you take out a loan for 30 years and you choose to make the first 5 years interest only, it means that for the…[Read more]

This is where setting up a flexible loan structure at the outset is important ; such as a loan with an offset in case you change the purpose of the loan down the track.

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans,…[Read more]

Yes I tend to agree unless circumstances are tough and you really need the cash why sell. Markets will often have set backs but usually continue forward.

The equity that you have grown can be used to purchase more property if you desired

Wayne
Mortgage Adviser
Email…[Read more]

Hi kerumai I see you have an accountant selected already he/she should well be able to advise you how and if to use the trust system

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!

Some lenders will allow a free evaluation yearly

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!

I cant say that I have heard of them, Michael Yardley whom is often seen in this forum I believe has an outlet in Qld http://www.propertyupdate.com.au is his web site

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans,…[Read more]

I cant say that I have heard of them, Michael Yardley whom is often seen in this forum I believe has an outlet in Qld http://www.propertyupdate.com.au is his web site

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans,…[Read more]

The good thing about using an offset account is you save interest whilst the extra money sits there, and yet is felxiable if you change the purpose of the loan. Eg if you convert your PPOR over to an investment and you have the extra money sitting in the offset you can take it out for your next PPOR or car caravan etc

Wayne
Mortgage…[Read more]

Using LMI gives leverage and helps you to reach your objective much faster but as Richard has said saving is the other option.

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service we come to you!

A deposit bond is a written guarantee that substitutes the 10% cash deposit traditionally required to purchase a property (Note you can usually get away with only paying a $1000 deposit if negotiated when signing the contract however; this may secure the property if there is a lot of competition). Applicants can apply for a deposit bond and if you…[Read more]

Hi you can always and most do the land subject to finance. There is much more to a home constrcution loan though contact me if I can help you any further

Wayne
Mortgage Adviser
Email info@alphamortgagesolutions.com.au
http://www.alphamortgagesolutions.com.au
First home buyers, investors, refinace, loan consolidation, equity loans, free service…[Read more]