I’m baaaack!!

Thanks for the good wrap Richmond – Alex I hope you are getting somewhere!! []

I have had two days computer free acquiring blisters & a tan in the garden trying to finish our reno’s ([]) but I can see that the great news & ideas on the forum is surging ahead! []

To add to the family of happy brokers & property investors peppering…[Read more]

My hobbies:

– Italian man
– Italian food
– All other food ….. [^]
– Lazy Sunday’s reading the paper cover to cover
– Playing with my two pug dog puppies
– All things investing and financial freedom orientated
– Playing the musak machine (getting into EBTG again at the moment)
– People watching
– Playing lots of sports: beach volleyball, indoor…[Read more]

Arty, your postcode just makes the GEMICO list, category F! Lenders using this mortgage insurer should lend you up to 95% on houses for loans up to $300K in this postcode, land is not so clear cut – because I don’t know that part of Vic, I recommend talking to a local broker eg Stuart at Prosolution, or try CBA directly. []

Cheers,
Mel

[] Sorry forgot to answer the rest of the question – financial services companies often do offer to split brokering commission as they get bigger commissions from lobbing your funds into managed funds and the like, so it’s probably still viable for them. A lot of brokers also share commission with referrers that they get regular business from eg…[Read more]

Hi!

How’s your day ?!? Just caught this trying to tear myself out of this addictive forum …. []

Basically every broker is on a different wicket, depending on the company they work for, whether they are on retainer (salary) or commission only, franchise arrangements etc so I can only speak for my group. We operate as commission only and get…[Read more]

G[][]D W[]RK JUNI[8D]R

[^]
Mel

Hi Arty,

Teylu’s on the right track, you should be able to borrow fairly easily – but at the risk of sounding like a broken record I’d go and see a mortgage broker or two as well as visiting lenders directly. Also your tax structures important so don’t neglect to involve your accountant too. [^]

There are HEAPS of options aka a lot of the posts…[Read more]

CONGRATULATIONS !!! [] [^] []

Hope it works out well for you, sounds like you have a plan to make it happen!

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Mel

Arty what’s the postcode?

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Mel

Got an invite yesterday to a “Property & Investing Expo” on September 12th to 14th being run by none other than Mr Noel Whittaker. It’s about 90% financial planners, 10% property investors including Gordan Green but they do say they have over 100 exhibitions in a Franchising Expo running at the same time, so will might go along anyway just to see…[Read more]

Oh Sooshie, want an unhappy mess []

What is his income stream? Is there some way that a lender would be happy to take first dibs at his income, pre-banking in his account, to take over the whole fiasco?

Only thing I can think of so far – will ask around though.

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Mel

Hi Msrty,

Normally you don’t need a solicitor involved, just to fill out the discharge forms with the lender.

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Mel

Hi recovery man,

Try http://www.infochoice.com.au – great site with loads of info.

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Mel

Way to go Harold!! Good luck Aaron, hope the kids forgave you … ?!

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Mel

Broker introduced loans account for about 30% of the market, expected to rise to about 70% as consumers realise what an advantage it gives them for shopping around and making the application process much less painful, so yep it’s a case of ‘the channel’s there so we better use it!’.

It’s also a very fast way for banks to get to a lot wider…[Read more]

Hi Aaron,

Do you own your own home? If yes, have you spoken to a broker about how to leverage the equity in that?

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Mel

Agree it does sound promising but if you are lending to buy it can I suggest a couple of things:

1. Make sure the apartment size is greater than 45 m2 living area (ie without including balcony or carport)
2. Try to ensure that it’s a pooled rental, equal pay arrangement, and that the room rental rates and manager’s fees don’t seem exhorbinant
3.…[Read more]

Me three Doogs! Thanks and good thread everyone! I’m now seriously considering relocating to the land of the long white cloud ….30%!!

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Mel

melanie@homeloanconnexion.com.au

Talk to the council asap – they should give you either a blanket no or a tentative yes. Also ask them to recommend a town planner/surveyor.

Where in Sydney?

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Mel

Westpac, in Qld anyway, are still one of the v v few to take owner builders too so could be a goer – had you tried them yet Scott?

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Mel