please note i was doing the prior post inbetween phone calls so didnt see Michaels response ta

If I am correct… the assumption is that the loan runs for a full 30 years and the balance is $450k.

I.e. 450k * .60 = 2700 upfront and, 450k * .2=900 trail. 900 p.a. trail * 29 years = 26100 (assumes no trail paid year 1).
So 2700+26100 = 28000

But the reality is that loans dont run for 30 years without reducing (I couldnt tell you the last…[Read more]

To add in to this…Its not necessarily correct that brokers earn the same amount from one lender.For example, NAB have different broker 'star' ratings which range from 1-5 stars.  The higher the star rating, the more commission the broker earns, as well as has more product access, higher lends etc (leaving their service quality out).With Westpac…[Read more]

To add in to this…Its not necessarily correct that brokers earn the same amount from one lender.For example, NAB have different broker 'star' ratings which range from 1-5 stars.  The higher the star rating, the more commission the broker earns, as well as has more product access, higher lends etc (leaving their service quality out).With Westpac…[Read more]

inflation going up… any opinions on gold in line with that?

Hope I'm not misinterpreting this but 1) thanks hleung2) CBA – agree with RT that  you use them when you have to but in most cases I've found they have picked up their game a lot.  In comparison to ANZ taking 10 days to approve a loan currently if I had my choices and short timeframes then you wouldnt discount them.3) I'm not posting on this f…[Read more]

Spicyhow did you go?

bluedog Just a thought but perhaps you could pm kylie your details and she could get the info that you have been chasing.  Could be a blessing that she is on the same forum as it gives you a direct person to contact in there

They're flying you upyou go to their seminarthen you see another guy while youre hereHave coffeethen they fly you back.?

Spicy – I agree.  aquarius – I dont think richard was bagging anyone as well (or by inference you)kylie – think it is great that you’re openly welcoming to all.Bluedog & Aqua – question for you I suppose is would you do another with them, knowing what you know now.  Seems there are a few back office issues Where are the properties located as well…[Read more]

SpicyDo yourself a favour and call Richard Taylor and get a second opinion