Hi Life X, Snap..
Good point on the depreciation, cheers.

Regards
Steven
Mortgage Broker
Mobile Mortgage Market

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi Beth & wellcome to the forum,
Factor in C.G Tax, selling costs and break costs on finance if applicable, have you consider the option of holding and accessing the increased equity for future investment? cheers.

Regards
Steven
Mortgage Broker
Mobile Mortgage…[Read more]

You can get a Low Doc loan at 6.60% with no on going fees up to 80% LVR

Due to the popularity of these low doc products, we are now seeing more credit providers offering very competitive rates in a bid to capture a share of the once largely ignored sub prime lending market,

Regards
Steven
Mortgage Broker
Mobile Mortgage…[Read more]

Hi Aafreen,
A couple of tips on negotiating,
Estate agents will often ask, how much deposit do you have? The amount you disclose is used by the agent to calculate your approx. price range, purchase budget, this gives the agent the edge when negotiating with you on price, its wise to never divulge such information to an agent/vendor

Don’t be a…[Read more]

Hi myung
The Australian Property Investor Magazine has this information,
http://www.apimagazine.com.au/

Regards
Steven
Mortgage Broker
Mobile Mortgage Market

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as specific taxation, financial, legal…[Read more]

Hi Linden,
$20K would get you approx. 2 $100K properties at 95% LVR, LMI capitalized, including purchase costs transfer stamp duty etc.

Regards
Steven
Mortgage Broker
Mobile Mortgage Market

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as…[Read more]

Hi Aafreen,
Below are some links to a couple of sites that you may find useful,
IMHO, I have always felt Point cook should provide long term growth due to its close proximity to Melbourne’s CBD,…[Read more]

Hi JRW,
You will need to find Canadian credit providers who offer finance to non-residents,
Do a search on google for Canadian Banks or alternatively contact a few Canadian Mortgage Brokers and have them do the leg work for you, Here are some links to get you started,good luck.

Canadian Banks…[Read more]

Hi Julie & Glen,
Agree with Derek, also, keep in mind the costs you will incur when transferring existing property into a Trust, you may find (after consultation with a trust savvy accountant such as Dale G) http://www.gatherumgoss.com/ that it may be more economical to hold only future acquisitions in a Trust. Good luck.

Regards
Steven
Mortgage…[Read more]

Cheers Terry,

Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

The majority of low doc products require the applicant to sign a declaration stating their income, in most cases all assets and liabilities will need to be declared on the application,

An ABN held for a minimum of 2 years is the norm, however there are certain lenders who will except low doc finance from applicants who have held an ABN for 1 day,…[Read more]

Hi Onemind,
You may want to explore the benefits of a trust,
As discussed here,
https://www.propertyinvesting.com/forum/topic/12469.html?SearchTerms=trust

Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as…[Read more]

Hi Terry,
Could you let me know if you get unconditional approval on that cat 3 deal, GE told me only 2 weeks ago they could not do a low doc under cat 3, cheers.

Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as…[Read more]

I’m pretty sure GE Money won’t do self-certified in category 3 locations,
As terry mentioned Latrobe should be able to do this as a low doc construction, rates Approx.8%

Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should no…[Read more]

Hi Freedomfinder,
4343 p/code is under category 3 with GE, I don’t think GE will touch it as a Low Doc.

Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi Dave,
The required deposit will depend on the location & LVR this can be anywhere between 20% to 5%, keep in mind any loan over 80% of the purchase price will require LMI (lenders mortgage insurance) You will also need funds to cover the purchase costs, stamp duty legal fees etc,
If you are entitled to the FHOG, you may be able to contribute…[Read more]

Hi Karen,
If you want to e-mail or call me with the details, I would be happy to make a few calls to the ANZ on your behalf.

Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as specific taxation, financial, legal…[Read more]

Hi Karen,
Have you spoken to someone further up the ANZ ladder, someone that may listen to reason.
failing this, you could threaten to take your business elsewhere and refinance the whole lot to another lender, this approach may cause a positive reaction, If you need any help don’t hesitate to call me, Good luck.

Regards
Steven
Mortgage Brok…[Read more]

I would look at exploring all your options with traditional lenders via a Mortgage Broker before contemplating other costly means of finance.

Regards
Steven
Mortgage Broker

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as specific taxation,…[Read more]

Hi Karen,
To clarify, your portfolio was initially X-colled, currently you now have adequate equity in the portfolio (80% LVR) to allow the release of one of these properties from the clutches of the ANZ,
Did you intend to include the unencumbered property as security over the next purchase with Westpac? Or, did you intend to access the available…[Read more]