Forum Replies Created
I figured older is baby boomers too…
I’m only 24 – but I feel like a 40 year old sometimes with career and my workload!
I’m looking at Port D, but I think it’s gone ahead already, there are a few spots around there that are yet to be discovered, and Cairns certainly has some CF+ properties to offer.
At my age I am looking for capital growth areas primarily to build equity. I need to have a long chat to my accountant though, and gain a bit more knowledge as my company might like to buy some depriciating assets.
Long term I’m focusing on the business for passive income so I’m not as focused on CF+ like the rest of the forum (or so it seems).
Liz
Mortgage Lender
Hi Devil…
Is your crappy MB MIAA accredited? If so you could always try raising it with them on the grounds that she has put you in a situation of financial duress by not acting responsibly in her role as your MB. (6 weeks for an approval?? who would stick around that long to find out – oh you, sorry…)
I like to get my UNCONDITIONAL approvals for clients PRIOR to the cooling off period, which is 5 days after exchange of contract. So if worst comes to worst they can back out and keep their deposit.
If she is not MIAA accredited (and shame on you!) then I would ask her to rebate some of her commission to you! I think it is cheeky but if you don’t ask the answer is no right! Tell her if she doesn’t that you have a broker (Lizzy) who will get the loan settled in under 3 weeks AND rebate a large slice of her commission to you. That should get her knickers in a knot ha ha!
[biggrin]
Liz
Mortgage Lender
YES! Those slimy estate agents, they act as if they have money walking through their door and coming out their earholes (which makes it worse if they do) they just don’t take e-mails seriously!!
Emails suit me too…
Oh and ROAD RAGE – urghh I got road raged at the other day because I was stuck behind another driver – it made no sense??!!! Why do people yell horrible abuse at you (even when they are misdirected) but they would NEVER DARE say it to you if they were outside the car??
It makes no sense?? It’s akin to the villifications in here – it’s just so callous.
Liz
Mortgage Lender
No not at the mom, but I will be soon!
I’m moving to QLD shortly (from Syd) and I’m planning to buy out the place hee hee
I’m definately not in the old category though. Still a youngun [biggrin]
Liz
Mortgage Lender
Silver,
The rulings on the FHOG are the same, this is because it is a federal initiative:
The Commonwealth has requested that the States and Territories assist first home buyers through the establishment of the First Home Owner Grant (FHOG)
Read my earlier posts in this thread – it answers your question… (oh I’ll say it once more)[sleepyanim]
If you’ve owned a property prior to 1st July 02 regardless of whether you occupied it or not you are not eligible for FHOG.
If you’ve owned a property after 1st July 02 but not lived in it you are eligible.
I’m not repeating myself again!
The stamp duty concession in QLD IS a little different….
If you are not a first home buyer but will be occupying the premises it is a lower rate of duty.
If however you are a first home buyer by these standards; “Your residence is a first home if, before acquiring the home, you did not hold and never before held an interest in
residential land in Queensland or elsewhere other than as trustee for another person, as a lessee/tenant or as the holder of a
security interest, e.g. mortgagee.”
then you pay no stamp duty for purchases up to $500K (after 1st May 04)… or if it was before 1st May 04 purchases up to $160K.Does this help???
Please say yes! I seem to be re-iterating quite frequently myself in this thread [confused2]
Where are all my back-up brokers??
Liz
Mortgage Lender
Dev,
Can I ask which two banks said no? Because if they use the same mortgage insurer it would be no surpise they said no the second time.
And no I’m definately not sure they are humans in there… because banks don’t like to let us brokers talk to them directly[hmmm]… sometimes I think they have one of those monkey labs where they just press buttons on a computer, hence the cold heartless responses we get – like yours.
I too am exasperated to hear that even though your file is faultless your still having trouble.
A personal loan doesn’t need to go to MI so you should be right… let us all know how you go ey?[worried]
Liz
Mortgage Lender
Hi Devil,
My understanding was that if you had a registered ABN your credit file comes as two parts, one yours and one the business entity, perhaps because you were sole trader it comes under your name only. (Steven?) Maybe if you had/have an ABN those enquiries should be moved onto that business.
In general credit file enquiries are not too bad, they are looking for defaults and the like. I’d take a pre-emptive strike with any applications to explain what the enquiries where for, it shows you are knowledgeable and perhaps less shifty.
When it comes down to it humans process the applications and sometimes it’s a judgement call, not all hard ball policies.
Stevens right though, your going to have to wait 5 years for each enquiry to drop off. Unless of course anything on there is incorrect, contacting the companies you made enquiries with won’t help, as it is their duty to disclose the information to Baycorp.
Call Baycorp on 9464 6000, maybe they can help you?
Good Luck
Liz
Mortgage Lender
I got some I think
12 – 3 blind mice – see how they run
14 – 15 players in a rugby team
17 – 11 players in a footbal (soccer) team
19 – 13 – unlucky for some
24 – 13 loaves in a bakers dozen
20 – 8 tentacles on an octupusLiz
Mortgage Lender
Hi Rouquin,
Are you securing the funds with an AUS property or a NZ property?
If in AUS I’m sure there is a funder that can do it for you. Otherwise I can ask my broker contact in NZ if they do loans under $50K for you? They have a large panel so it might be worthwhile.
I’ll enquire today and get back to you, but please clarify my first question.
Liz
Mortgage Lender
Yeah – Like I said, St George. Good to know I’ve got back up here [biggrin]
Liz Wilson
Mortgage Lender
Julie,
Yeah bugger – two more months and you would have been right!
I guess I would still be checking with OSR if I wasn’t sure.
Good luck with it all… and I will try to find a copy of that article, thus far alluding me…
Beuno Cera
Liz Wilson
Mortgage Lender
Hi Devil,
If you’ve had your credit card for over 6 months or a year there is a good chance they will up the limit very quickly. When I worked at CBA we could do it over the phone/counter as they now have a system that automatically pre-approves people. If you’re with them it may be worthwhile. Up it to $3K and find the other $800??
A personal loan should be approved in 2 days. Yes CBA can do it over the net but TRUST me, in my early days I had to process the net applications they are definately not faster then normal. CBA in general are not faster and I’m biting my tongue down so hard because its so frustrating not being able to say what I really think but try St George I hear they are fantastic for SPEED and RELIABILITY, which are your key issues at the moment. From application to funding of personal loans it should take about 5 working days MAX.
I can do personal loans now but don’t have the software yet, I know Rob the Mortgage Adviser can do them too, ask him if you need! (he always has an answer hee hee)
Oh and major tip do not apply for credit card increase or personal loan with the lender your home loan is with as it will change your borrowing capacity if they should find out. ALSO make sure you DO tell the bank that you go to for credit card or personal loan about your home loan as it will show up on your credit check.
Good luck!
Oh mates rates are the cheapest – have you nice friends??
Liz Wilson
Mortgage Lender
Damn Melbear – your a smarty pants! Yes it is mnemonics, my google corrected me! I should have told Jaffa but too much of a blonde, didn’t make the connection.
hee hee
you should be a spy melbear[suave]
Liz Wilson
Mortgage Lender
Originally posted by Henry:are you saying that if you had an ip and never lived in any house that you owned you could claim fhog on a Ppor purchase.
Henry,
It all depends on when.
If you owned it (or any) BEFORE 1st July 2000 then NO
If you owned it AFTER 1st July 2000 then YES because you never lived in it.
If you dare ask me what happens if you bought it on the 1st July 2000 my brain will explode![wacko]
I hope for your sake you bought it after! [smiling]
Liz Wilson
Mortgage Lender
Originally posted by alpina:if i put my name solely on the contract given that i have never owned a property i would be eligible for both the fhog and first home plus. the more i read this the more sense it makes.
Hi Julie,
I don’t think it matters if you put your name solely on the contract, as your spouse has still owned a property prior to July 01… If your spouse was more a “boyfriend” you might get away with it if your name was on the loan only and your name on the title only. I don’t think it’s a good idea even if that was the case.
I think you (and I) were correct originally, eligible for first home plus, but not FHOG. First Home Plus eligibility doesn’t have the clause in it that FHOG does which relates to owning pre-July ’04, so your eligible.
So I continue to stand by my original verdict.
My guess is the article is misleading or it is implying that you commit fraud. Either way I will be interested to read it if I can find it!
Thanks for letting me know there are going to be amendments to the policy – I have not heard of any though? Maybe I’m out of the loop. As I said, to be sure call them on the number in my earlier post, they may make more sense then me?
[wink2]Liz Wilson
Mortgage Lender
[lmao][lmao][lmao]
HA HA!
Liz Wilson
Mortgage Lender
Hey LifeX
You are Mr Cool [suave]
Glad it all worked out – thanks for the story [cap]
Liz Wilson
Mortgage Lender
Julie,
As long as you entered into the contract after April 4th 2004 you are eligible for the extended stamp duty concessions re: First Home Plus pay no stamp duty on purchases up to $500K.
Feel free to PM or email me if you need further clarification, it can be hard not to muddle them all up.
Liz Wilson
Mortgage Lender
Originally posted by alpina:Liz,
im with you 100% in respect to the “owned and occupied” part but bear in mind this provision relates to the first home plus concessions which relates only to stamp duty concessions. the 7k on the other hand relates to FHOG which does not make the distinction from “owned” vs “owned and occupied”.
Julie,
You have your facts wrong. The aforementioned provision DOES infact relate directly to the First Home Owners Grant of $7,000. Here is the direct link to the First Home Owners Grant application form, where on page one it clearly states this provision:
http://www.osr.nsw.gov.au/pls/portal/docs/page/downloads/other/ofh001.pdf
Regarding First Home Plus, your stamp duty concession, you will qualify if “at least one of the purchasers has never owned and occupied a residential property in any State or Territory within Australia”. So you do qualify for this.
Can you also clarify why you think you need to exchange pre July ’04? The extended stamp duty concessions apply as long as you entered into a contract after April… I’m not sure of the precise date. Why is July 04 cropping up in your post?
My verdict remains the same for FHOG, alpina – NO, sis – YES. If you still disagree try calling them directly 1300 130 624
Liz Wilson
Mortgage Lender
SIS,
My answer to this one is YES eligible. The paragraph most clearly reflecting this is:
You and your spouse/de facto have not owned on/after 1 July 2000 a residential property and occupied that property jointly, separately or with some other person in any State or Territory of Australia.
So he should be OK to claim for the PPOR.
Liz Wilson
Mortgage Lender
