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Viewing 20 posts - 781 through 800 (of 895 total)
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  • Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 29, 2004 - 9:44 am

    Hi Marisa
    I would suggest you use the LOC for 20% deposit with an Australian or NZ lender,
    If you were to use your own funds to purchase outright you may find it difficult to find the deposits on future purchases,
    Regards
    Steven
    Mortgage Broker

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 25, 2004 - 2:41 pm

    IP= Investment Property
    LOC= Line Of Credit
    LVR= Loan to value ratio
    regards
    Steven
    Mortgage Broker

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 25, 2004 - 12:58 pm

    Hi Miss Moneypenny,
    For anything IP Trust structure related, I recomend Dale G
    His contact details are below
    Phone: (03) 9723 7699
    Fax: (03) 9723 7202
    Postal Address: 1 & 1A, 87-89 Colchester Road,
    Kilsyth, Victoria, 3137
    http://www.gatherumgoss.com/

    Regards
    Steven
    Mortgage Broker

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 24, 2004 - 2:27 pm

    To add to Dels comments,
    Weston has been an enormous help for a number of my clients who have purchased in NZ,
    His help and guidance has been nothing short of fantastic.
    Regards
    Steven

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 24, 2004 - 10:52 am

    Hi Cameron,
    You may qualify if you can service the loan with current and proposed future rental income along with unemployment benefits,
    Regards
    Steven
    Mortgage Broker

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 24, 2004 - 10:43 am

    Line Of Credit,
    regards
    steven
    Mortgage Broker

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 23, 2004 - 11:34 am
    Originally posted by happytrace:

    Hi everyone
    I have a question sort of on behalf of my parents because I really want to help them in their current situation. They are currently renting but looking to buy a home soon to live in for retirement. I was wondering if being on the wrong side of the hill (don’t mean to offend anyone here just having a little fun[:D]) will affect how long the loan term will be for, or can they still take out a 25 or 30 year loan.
    Thanks everyone!
    Oh by the way they are around 50 or so, I won’t say exactly or i’ll be in trouble! [:D]

    Hi Happytrace,
    this may be of some interest to you,

    St,George Bank have released a new product called The Family Pledge home loan option
    This allows family members, parents, grandparents and siblings with equity in their own property to help family members bridge the deposit gap and cover up front borrowing expenses, by providing a limited guarantee in support of the family members loan application, Five Percent Genuine savings is required,
    Regards
    Steven
    Mortgage Broker

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 21, 2004 - 5:47 am

    Interest only loans can vary in length, 10 to 15 years,
    Upon conclusion of the interest only period you may negotiate another Interest only term or refinance with another lender,

    Contact Simon (Mortgage Hunter) he is also in NSW,
    Regards
    Steven
    Mortgage Broker

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 19, 2004 - 2:33 pm

    Here is a link to a site with a Capitalisation Rate calculator,
    http://htwresearch.com.au/commercialproperty.html
    Regards
    Steven
    Mortgage Broker

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 19, 2004 - 2:20 pm

    Hi PenguinJr,
    Capitalisation rate is the income divided by the purchase price as a percentage,
    The lower the capitalisation rate, the higher the value.

    Regards
    Steven
    Mortgage Broker

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 18, 2004 - 11:36 am

    Hi Felicity,
    I think the Agent is bound by Law to submit all offers to the vendor,

    I would be inclined to put an offer in writing and present this to the Agent, If the Agent declines to forward your offer to the vendor then contact the vendor direct with your offer, Good luck,
    Regards
    Steven
    Mortgage Broker

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 17, 2004 - 3:59 am

    Hi Kreman,
    11% is a very high rate,
    Give me a call or Send me your contact details and I will see what I can do,
    Regards
    Steven
    Mortgage Broker

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 16, 2004 - 9:19 am

    HSBC will lend to 80% LVR for IP & PPR with no LMI
    And up to 90% LVR with the borrower paying the LMI insurance premium,
    Regards
    Steven
    Mortgage Broker

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 14, 2004 - 4:05 pm

    Hi Jay
    At times there may be benefits in paying interest in advance,
    E.g.: To minimize tax and maximize cash flow over a certain period, (speak to an accountant for specific details and advice)
    However, if the loan is regulated (funds for personal use, not for investment purpose, under the UCCC) the interest on this loan MAY not be tax affective,check this with an Accountant,
    Regards
    Steven
    Mobile Mortgage

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 14, 2004 - 3:13 pm

    Hi Casey,
    Congratulations, You have done a fantastic Reno,
    I love the polished boards and the verandah; the bathroom looks great to, dont mow that turf to short,,
    An excellent transformation, well done,
    Steven.

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 14, 2004 - 6:24 am

    Hi Ozzienite62 & Welcome to the forum,
    Borrowing more funds will depend on the LVR of your portfolio,
    I would suggest you contact a good mortgage broker, and discuss the best way to structure your borrowing both now and in to the future,
    Regards
    Steven
    Mortgage Broker

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 14, 2004 - 5:52 am

    Hi Alf
    HSBC Acceptable income,

    Rental income 100%
    companies, Trust 100%
    Investments income 75%
    Part time/Casual or 2nd job, 1 year continuous 100%
    Bonus/Overtime 50%
    Regards
    Steven

    Mortgage Broker

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 14, 2004 - 5:19 am

    Marty
    It may be a good idea to consider spreading your debt with a couple of lenders,
    Regards
    Steven
    Mortgage Broker

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 14, 2004 - 4:56 am

    Hi Gemmagirl,
    You could withdraw the equity and use this as a deposit on your next IP,
    Regards
    Steven
    Mortgage Broker

    [email protected]
    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.

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    February 12, 2004 - 1:08 pm

    Currently the ANZ & Westpac standard rate in NZ is 7.50%
    I source finance at 6.85% and no account fees,
    on a $200.000 p&i loan that’s a saving of $84.00 per month,
    Regards
    Steven
    Mortgage Broker

    [email protected]
    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.

Viewing 20 posts - 781 through 800 (of 895 total)
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