Congrats to Steve and the Team for the new look site,
IMHO PI.com would have to be the best in Australia,
Thanks Steve.
Regards
Steven.

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Victoria

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

Hi cashpoor,
A lower LVR may be a way around the problem,
Regards Steven

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Victoria

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

Hi Craig,
with $15,000 plus $7,000 FHOG = $22,000 I estimate on a 90% lend of $180.000 you are nearly there, you will need the 5% of purchase cost =$9,000 based on $180.000 purchase, a 95% lend may be an option but the the 90% lend may be touch and go based on your Credit rating, having said that i will need more…[Read more]

Hi Cashpoor, welcome to the forum,
A few options are,
Apply for low Doc Loan(as you are self employed and have had trouble getting finance) based on IP value of $45,000 put down a 20% deposit = $9,000 + 5% costs $2,250 Total $11,250
With the $60.000 you have you may be able to purchase 4 ips valued at $45.000 and still have $15.000 for improvments…[Read more]

quote:Originally posted by NikeAir

Our unit was valued at 220 6mths ago, we used the equity to purchase land and are now building. When we are finished building, the house and land (we assume) will be worth 400. We are going to have to use the equity in the unit to cover some costs and other expenses in the new home. Therefore, I may be left…

[Read more]

Well done S.I.S, keep up the great work.[]
Best wishes
steven

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Victoria

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

Well done and congrats to Mortgage Hunter,
Good on ya Simon []
Best wishes Steven.

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Victoria

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

Hi Ryanmel
Another option, Access the equity in your PPR and purchase multiple IP’s, borrow from multiple lenders at 80% LVR with 20% deposit, no LMI and no xcoll,
Cheers
Steven.

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Victoria

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

Hi Ben,
Welcome to the forum,
Try this link for online calculators.
http://www.yourmortgage.com.au/calculators/

Cheers
Steven.

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Victoria

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

Hi Fullout,
I am based in Victoria not far from Melbourne,
Cheers
Steven.

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Victoria

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

quote:
However at this point in time I am still in the research stage….. what broker specialise in regional loans for vic/sa?

regards
brady[]

Hi Brady
I may be able to help with finance for regional Victoria, but I will need more…[Read more]

Hi Sue
I can organize loan applications for Aussie investors looking to purchase in New Zealand,
Regards
Steven.

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Victoria

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

quote:
Gotcha!, thanks mobile mortgage, i understand now, so basically it is better because the interest is now not tax assessable, where as in say ING Direct savings maximiser it is, is that right?

Also, why wouldn’t you just use the $5000 to pay off the principal, surely that would be a better option, if you didn’t need the money in the short…

[Read more]

Hi Fudge,
Partial offset,
any money you have in your offset account will offset the interest you are paying on your home loan.
If you have a loan of $100,000 at 7 percent and an offset account with $5,000 earning 3 percent. eg, $95,000 of your loan is accruing interest at 7 percent but the rest is accruing interest at 4 percent.

A 100% offset…[Read more]

quote:
Hi Terryw,

how can he be nearly there, if he only has 140k equity? The block of flats are roughly selling at 600k, i see he has a long way to go. It would be much easier to get 120k in cash rather than get 600k in equity. His equity would have to quadrouple more than 4 times to get near to 600k

cheers
s.i.s

Hi Sis,
What Terry has…[Read more]

Hi PatLow,
70% LVR is the maximum I am aware of for serviced apartments,
Cheers Steven

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Victoria

Luckyone,
Some lenders will finance 100% of purchase price or valuation of property whichever is lower,
a higher interest rate will apply, 0.3% above SVR.
cheers Steven.

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Victoria

Hi benno,
Have a look at this site A.B.S
http://www.abs.gov.au
Regards Steven

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Victoria

Hi Gazzaa,
You have some equity in your IP, and only $18K left to pay down PPR debt, as both are stand alone have you considered a LOC on your IP ?
Kind regards
Steven

info@mobilemortgagemarket.com.au
http://www.mobilemortgagemarket.com.au
Ph: 0402483216

HI Brownrabbit,
You are spot on, I have seen a lot of new listings in and around the Geelong region,
I have a client in Geelong who put her property on the market only last week,she has an open house today so I will be interestd to find out what the level of interest…[Read more]