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Hi guys, current lender is St George.
So my options are as follows:
1) wait to sell the existing property and once it has moved into the settlement phase, start looking?
2) try to get another loan from the bank, to purchase our new PPOR
3) bridging finance?
Any other options you might be able to help with? We are in the Penrith NSW area.
Cheers
@jamie: Just a quick question please, if I only owned investment properties in NSW and never lived in it, I can still claim and have a FHOG approved?
Cheers
thanks everyone, this has helped a lot and will follow up with some legal advice today.
Thank you
Hey guys very new to this forum, and watching with interest Waydos and Jye Tahnee posts.
We are just starting to see there are some really good opportunities within property investing and need to do something ourselves, what it is, we just don't know yet.
ok, thanks guys. We popped in and spoke with two local bank managers and they were the ones who said we couldn't do it.
The reason we need to do this is my ex wife (who I have one child to, and pay monthly maintenance) took me for everything years ago and is very vindictive woman. My wife has owned this house on her own for a number of years prior to our marriage and we are trying to protect her asset.
We want to make sure that if for any reason I should pass, my ex cant have any opportunity to claim on this house.
Richard, please excuse my ignorance, but what it the difference between mortgage documents and the title?
