A good broker like Steve (above) would be able to crunch the numbers for you in a few minutes.

You certainly look like you would be considered, you have the deposit and the loan is only small.

Steve’s a good broker, I don’t know him personally but you see his posts around the site he is knowledgeable and trustworth guy giving out lots of advice…[Read more]

Uncivilized,

Depending on the lender you borrowed 95% you may not be able to borrow 95% again, they may limit you to 90% for example.

Also I doubt you will be able to have a 95% lend with bank A (existing lender) and 95% with this same bank for investment (highly unlikely)… I think even Bank B (new lender at 95%) may turn you away if they use…[Read more]

Hi LostKiwi,

Well you certainly are a long way from home…

I recently completed finance for my uncle, he is classified as a “non-resident” as he works and lives in the middle-east, but is an Australian Citizen.

I imagine your circumstance may be the same however your wifes status may have implications.

We used Colonial at 80% so your cases…[Read more]

Newgen,

Well I think your mates comments are unfounded and are made out of jealousy. Your claim of the FHOG is completely legitimate and legal so tell them to stick a cork in it and buy a house already…

Fixed rates are coming down at the moment. There are some good ones coming on the market, though for 3 years plus I doubt you’d get…[Read more]

I understand that GE will give you 40% refund if you finalize in the first year and 20% refund between 1st and 2nd year.

You might want to find out what break-costs are for getting out of this one though.

Good luck!

Liz

Mortgage Lender

Newgen,

You ARE definately eligble for the Grant.

Please note: If you bought your investment property prior to July 2000 you are not eligible. If you purchased after this date and have not occupied it you are still eligible.

All these details are on the OSR website you just need to read it…[Read more]

Has anybody posted Colonials?

3 yr fixed 6.79% or 6.64% with MAV Package
5 yrs 6.99% or 6.84 with MAV Package

That aint bad is it!

Liz

Mortgage Lender

G’day Newgen,

Well you’d be able to borrow to refinance with just about any bank based on your financials.

However you are on a good rate, and you would probably have to pay a fee of $700 to Commonwealth to get out of your mortgage, then there is also new estab fees.

Why not just ask for a restructure your current lending with the…[Read more]

[borg] It is the Borg from Star Trek Rob…

They assimilate civilizations wherever they go..

like you?[blush2]

I meant that you are assimilating people to your viewpoint wherever you go!

Guess not everybody has trekky in them [happy3]

Liz

Mortgage Lender

Thanks Mike,

I see that I am barking up a different tree…

I am starting to warm to this idea [cool4]

Rob you are a [borg]

Liz

Mortgage Lender

Rob,

I would still end up with more in my pocket if I paid myself up to the 30c in the dollar for tax on income, then the rest through my company.

Your comparison is flawed and still does not make sense to me. If I pay 42c in the dollar REGARDLESS of how much “overall tax in the dollar” I pay (you’re taking an average)… I would be better to…[Read more]

Rob,

Tell me more…

How do I pay 30c in the dollar of my income over $52K???

Ears are open…

Liz

Mortgage Lender

Me too!

I would really appreciate some good links to sites where information like this is available. More specifically does anybody have information on towns in WA or NT where they plan to open mining sites nearby?

So many of my clients are looking at the moment, Sydney just doesn’t cut it anymore.

Thanks in advance.

Liz

Mortgage Lender

Helena & Ken,

Are you both first home owners grant eligible? I’m assuming your dream is to buy your first home?

Where are you looking to buy (good luck if in Sydney [uneasy])?

Do you have any idea what price range you are looking to purchase in? This will help us come up with a figure you need to save to get into your first home.

Are you…[Read more]

Hi again,

Just making sure my view is clarified. Steve good on your for good business sense in having this facility on your website – what a perfect place to get leads! BUT bad on you for not (in advance) getting Leonie to come on the site, this is a community, to gain respect from a community you don’t just set up shop, you NETWORK with the…[Read more]

Hi Rob,

This is good constructive criticism, but you can’t blame them for trying to differentiate brokers from one another. I think the point to drive home is that brokers posting here on site are able to build credibiltiy, and at the same time benefit everybody else in terms or expanding their knowledge.

So I see a major lack of initiative here…[Read more]

Oh sorry Bear, are you trying to avoid hefty payout fees for your current mortgage? If so the lender you are with now may not charge these fees if you plan to take out new borrowings with them in a short time frame. It’s worth asking them, or even negotiating at a higher level (not just to your standard lender) for this to be taken into account if…[Read more]

Transfering the mortgage from the current PPOR to secure over the 2nd PPOR (is that what you want to do?) should be OK if your loan offers “portability” there may be fees involved though. This essentially means your first home will become unencumbered (and you can have your title back) and they will stamp the mortgage onto your beach…[Read more]

Pisces… I guess there was a few seconds of thought given to mine.. but it was slightly nonchalant. She is blonde, like me, young, like me and I thought she looked sort of smart but sassy… I’m not sure how smart I really am though, do you know I did an IQ test and it said that I was “smart enough to convince others I am a genius” but NOT a…[Read more]

Scott, it is human nature to generalise (not to mention that I did take a pre-emptive strike in BOLDING my statement when I said MOST)… as you can see yourself doing it in your post “Experience comes first” – and I don’t fully agree with you either but I am able to refrain myself from vicously calling your statement “Crud”!!

Try not to see my…[Read more]