I use PLAN, they are extremely professional and the software is excellent,
I personally would not use an aggregator that doesn’t have income protection in place via a Trust, basically its insurance against your trail in the unlikely event the aggregator goes belly up,

Feel free to PM or call if you require any info,

Regards
Steven
Mortgage B…[Read more]

Paul,
Most lenders don’t have a problem with Trusts, In some cases you may incur an extra $200 (approx) on application fees,

As to lenders and products, there are to many variables such as required loan amount, LVR, M.I, Location, Standard/Low Doc to name just a few, I suggest you talk to a couple of decent Brokers,
Regards

Steven
Mortgage B…[Read more]

Thanks for passing that on KP,
A good resource with informative publications regarding Trust structures etc.
Regards

Steven
Mortgage Broker

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

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please…[Read more]

Originally posted by cajun:

1. I am about to purchase an IP (as stated earlier), can I start the process of acquiring funds etc before the hybrid is set up (according to Trust Magic pp117 I can borrow money in my own name, use this money to buy units in the trust, then use the cash to buy the property).

Paul,
A copy of the Trust Deeds will be…[Read more]

Hi Alf,
HSBC will take into account up to 100% of rental income,

Regards
Steven
Mortgage Broker

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

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.

Thanks bbruham,
Appreciate your kind words,
No Gatsby isn’t family,[biggrin] he is a recent client,but more importantly I would class him as a dear friend,

Regards
Steven
Mortgage Broker

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

PLEASE note comments made should NOT be taken as specific t…[Read more]

Thanks SIS & Gatsby,
Regards
Steven & all at the YMCA,[biggrin]

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

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.

Hi TwoSheds,
Yes, you can raise the deposit required from available equity in your residential investments,
As opposed to giving the lender additional security over the commercial loan,

Regards
Steven
Mortgage Broker

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

PLEASE note comments made should NOT…[Read more]

Hi bjmaca,
St George Bank, have a no deposit investment loan product.

Regards
Steven
Mortgage Broker

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

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.

Hi Nicola,
HSBC will accept 50% of casual/part time income, 100% after 1 continuous year; this criteria will vary between lenders,

There are lending institutions, including HSBC, who will take into account 70% to 100% of anticipated rental income when calculating serviceability,
Keep in mind, Your choice of lender should not be based solely on…[Read more]

My sincere thanks to you all for your kind words,
[blush2]
Regards
Steven
Mortgage Broker

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

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.

Hi Rob,
To clarify, Of course these figures are incorrect, I’m well aware you can not get 100% finance at 6.79%,
Myydral is not asking for information regarding LVR, lender rates & fees, credit history etc,
To keep my explanation uncomplicated, I quoted the same figures used by Myydral in his examples of A & B to answer his question on how to c…[Read more]

Hi Myydral,
Here are my figures based on a $200.000 purchase in NT,

Value of property, $200.000
Transfer Stamp duty $6800
Mortgage stamp duty $5
Mortgage Registration $90
Land transfer registration $90

LVR (excluding LMI) 98.5%

Funds required, $206985
Your contribution…[Read more]

Originally posted by MiniMogul:
Hi Steven,
interesting thread. I have a couple of questions, i.e. how do your lenders feel about the smaller towns? like under 10000, and 5000? Will they still lend there but just at a higher LVR? Do they cross collateralise if properties are under 50K or just not lend at all? How would they feel about a town of…[Read more]

Good luck for tomorrow,
Regards
Steven
Mortgage Broker

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

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.

Hi Hux001,
Have you tried the ANZ?

Regards
Steven
Mortgage Broker

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

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.

Originally posted by NZ Mortgage Broker:

Current interest rates are Floating 7.75%, Fixed 1yr 7.45%, 2yr 7.65%, 3 yr 7.75% 5yr 7.90%. Rates are subject to change. NZ rates in general are a little higher than Aust interest rates. Application fee $500. Lender will access 80% of rental income which is better than usual 75%.

There are lower rates…[Read more]

Hi George,
Wasn’t trigger the name of Roy Rogers Horse?
Cheers

Steven
Mortgage Broker

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

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.

Hi Ho Silver away, Can’t remember the name of Tontos Horse,

Steven
Mortgage Broker

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

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.

Two of the Guys from the village People??

Steven
Mortgage Broker

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

PLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.