Hi Chev,
I don’t see any problems providing there are no issues with servicing further debt,
I’m concerned you have the PPR loan tied in with the investment loans, and the fact that you could be getting a better rate based on your current loan amount.
Be careful how you structure the finance for the next purchase, try to avoid x-coll.Go…[Read more]

Hi Redwing,
Congratulations on the birth of your baby daughter,

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 Skippy Girl,
Today Pepper announced a 3.61% discount off there non conforming range until 31.3.05 after this period the rate will revert back to the appropriate rate for that particular product,

Based on your situation & assuming this would be a Low Doc, you would be looking at a rate of around 7.99% reverting back to 9.65% and 75%…[Read more]

Hi Waz11,
Before you decide to sell you could have someone crunch the numbers based on both scenarios,
E.g.: Maximum borrowing capacity taking into account your current mortgage repayments, as opposed to maximum borrowing capacity based on no mortgage repayments,

obviously with the later your borrowing capacity will be higher, but I would…[Read more]

[/quote]

Is it politically correct to ask for mortgage broker(s) to contact me on this board?

Thanks

[/quote]
Hi intrinsic
By all means ask to be contacted, but I would not advise divulging your personal details, Phone number etc on the forum,
You can request to be contacted by e-mail or PM (private message)
Or you can contact any member of…[Read more]

Pepper,
PAYG
80% LVR 10.6%
75% LVR 9.25%
70% LVR 8.95%

LOW DOC 75% max 9.65%

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.

Disharged July this year,
You will be considered BBB with Bluestone,
PAYG, 80% LVR around 9.99%

For recent self employed, Bluestone, BBB Business Easy, 70% LVR around 10.49%

Bluestone currently have a 1% discount until December 2005

Regards
Steven
Mortgage…[Read more]

Hi Intirnsic,
13% is way to high for a 3-year discharged bankrupt,
Contact a decent mortgage Broker who has access to a wide range of lenders.

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…[Read more]

My reluctance to publish the lender name was to avoid giving them any exposure on this forum, but I can also appreciate Stuarts and Andrews’s point of view,

I have been in contact with Stuart today,and he is aware that I did not perceive his comments as having a go at me,
I passed the credit providers details on to Stuart last week, so we may…[Read more]

Hi Nat,
Yes I would, hence my reluctance to publish the name of the lender.
Btw, I am not accredited with them.

If it sounds to good to be true, then it usually is.

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…[Read more]

It’s a split loan, 50/50 max, The 4.49% applies to the LOC only, and the LOC must be coupled with a no frills term loan at 8.24%

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, fina…[Read more]

All my NZ investor clients are financed through NZ lending institutions, the benefits are, finance is secured against the NZ property, and only the deposit is sourced from an Australian lender, usually from equity held in Australian based assets.

One advantage in using an Australian based lender would be the lower rates, but this method would…[Read more]

Hi Tim,
Using equity available from OZ for deposits is fine.
A LOC is not the only product to consider when pulling out equity,
depending on your circumstances & current loan structure there may be other options that are more beneficial to you.

Regards
Steven
Mortgage…[Read more]

Hi Ben,
A competent trusted team of Accountants, Mortgage Brokers, Solicitors etc can be invaluable,

Consider using the services of a good Mortgage Broker who will take care of finance matters and communicate with agent’s & solicitors etc, this would help to lighten your load.

Regards
Steven
Mortgage Brok…[Read more]

There are a number of NZ lending institutions that offer finance to non-NZ residents.
Max LVR is 80% to 90% LVR, depending on the lender and the location of the property, the NZ property is held as security over the loan.
Information required on the loan application include, assets and liabilities, employment details etc, borrowing in a Trust is…[Read more]

Originally posted by DD:
You will now be flooded with private messages from brokers

DD

Hi DD,
Apart from the professional lurkers, I would be very surprised if any of the Mortgage Brokers who contribute regularly to this forum would contemplate sending unsolicited private messages & e-mails.
Anyone being bombarded by hawkers should contact…[Read more]

Hi WallFlower,
Good question, Im not sure, but with official interest rates at 5.25% I think it may be more of a case of some of these institutions getting hold of some cheap OS money, rather than a prelude of what’s to come regarding interest rates,

Regards
Steven
Mortgage Brok…[Read more]

Acquiring finance for non NZ residents is certainly a lot easier now than it was 18 months ago,
Thankfully, there is now a wider choice of lending institutions able to finance non-NZ residents,

The majority of these are at 80% LVR, minimum loan amounts will vary from $30K to $50K etc, some of these lenders do charge application fees while others…[Read more]

Quick update regarding Adelaide Bank.

Adelaide Bank today announced a NIL application fee offer.
Effective as of today Monday 11th October 2004.

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…[Read more]

Hi Karen & welcome to the forum,

Are you entitled to the FHOG?
If you don’t have the required deposit,then finance at a higher LVR may be an option.

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 spec…[Read more]