Forum Replies Created
Hi George,
Wasn’t trigger the name of Roy Rogers Horse?
CheersSteven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE 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[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE 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[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Originally posted by Gemmagirl:We currently have a line of credit mortgage, is it best to refinance or increase the limit based on the new value of our house. Also, could a broker help with buying this property or would we be better going to the banks?
Any advice would be appreciated.
LOC are not always the best option, depending on individual requirements there are cheaper alternatives,
A refinance may not be required or cost affective; it comes down to your long term goals,
Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Hi Foston,
In affect you are borrowing 100%, this is fine,20% Deposit and costs for IP purchase, raised from equity in PPR (deductible debt)
80% loan for IP (deductible debt)This structure limits the Bank to the 1 property held as security over the investment loan, and will minimize the risk of having all your future lending tied up with the One lender,
As Simon & Rob have suggested, organize a split, with a 100% offset attached to the non-deductible P & I portion of the loan,
Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Originally posted by jars11:I would love the email address or phone number, of a broker, who was willing to give an opinion, even if you are going directly with the banks. I find brokers only willing to handle customers with the same approach in mind as the banks – $$$ and a sure deal. Know any?
Hi Jars,
My contact details are below,
Regards Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Hi Leesa,
Do you intend to construct an owner occupied home on the vacant block at some stage?Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Hi Leesa
Do you have a loan attached to your PPR?Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Hi agordon, wellcome to the Forum,
A loan on a vacant block of land where you intend to construct an owner occupied residence is non-deductible debt,Regarding the best loan? More information is required.
Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
I am not perturbed by the recent introduction of the online finance application,
As long as my colleagues and I continue to post in an impartial, professional and helpful manner, then I see no reason why we would not continue to gain the respect and any subsequent business that tends to follow on from our helpful replies to questions asked,I originally became a member of PI.com back in Feb 2003, during this time I have enjoyed reading the many varied posts, formed strong friendships with some fellow members, all at no cost whatsoever,
I believe Steve has every right to try and recoup some of the overheads incurred from the running of this site.Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Valid points Max,
And all too often I have seen lenders placing clients with an inappropriate loan product for their particular situation,Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Originally posted by Geronimo:Originally posted by yack:Hi
I lived at home till mid twenties, spent 2-3 yrs living in a shoe box in London with a household full of kiwis and aussies. On my return home rented for 18 months then decided I wanted my own pad.
Ah yes Yack, the good old days! I did 2 years in London in a 3 bed shoebox with 7 other Aussies and Kiwis. Now wonder I drank so much!!
Brendon
Brendon & Yack,
I did 2 years in London(Queens Park)with a house load of Aussies & Kiwis also,
What year was your tour of duty?Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
HI James,
I think that would be possible,It may also be beneficial to appoint a power of attorney in NZ.
Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Hi James,
I would recommend you open a separate NZ account,
Deposit all NZ rental income, and transfer NZ loan repayments and any NZ investment related expenses with this account,Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Congratulations Derek, and thanks for your input on the forum,
Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Hi DUg,
Have a look at these links, it has information on DIY selling,
http://www.legalkits.com.au/sellyourhome/
http://aca.ninemsn.com.au/stories/1529.aspRegards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Hi Derek,
If Dom had other investment loans, and he paid interest in advance on these loans, Wouldn’t this reduce any profit on investment and offset some of the capital gain?Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Congratulations & Best wishes to you Monopoly,
Keep your chin up,
Kind Regards
Steven[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Hi Ben,
If your friend requires finance to construct a home on the block after the sale of the current property, then it may be more cost effective to have bridging finance with an End Loan,If no finance is required after the sale of the property then bridging finance with No End Loan may be required,
Rates for bridging finance are generally higher, around 7.07% and have higher establishment costs,
In most cases Interest on the loan can be capitalised,I hope this is of some help,
Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
Hi Ket,
Do you have the St George Professional Benefits Package? You may be entitled to a discount off the Standard Variable Rate,E.g.:
Existing St George customers, with an outstanding Loan balance of $150.000 to $300.000
0.25% discount off the SVR,
Outstanding Loan Balance of $300.000 +
0.50% discount off the SVRIf your not receiving the discount, contact St George and ask for it,
Also: New customers to St George can receive up to 0.70% discount off the SVR depending on the total borrowing amount and the State where the majority of the security is.
Regards
Steven
Mortgage Broker[email protected]
http://www.mobilemortgagemarket.com.au
Ph:1800 820 500
VICTORIAPLEASE note comments made should NOT be taken as specific taxation, financial, legal or investment advice. Please seek professional, specific advice.
