Keep in mind you and your girlfriend will need to qualify for finance independently, i.e. One income per loan. Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi Munno & welcome to the forum.

A couple of questions if I may,
What is the approx. value of your unit and an approx. price range on the intended IP purchase? Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi Beck,
I suggest you seek professional guidance from an accountant on this matter, combining funds from 2 separate identities (deposit etc from Pty & I assume the loan in individual names) may not be the most effective method.
Check with your accountant on the possibilities & the negative aspects involved with borrowing or contributing funds from the company.

Or perhaps consider raising the required deposit & closing costs via available equity and offset this via the companies $60K. Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Provided you have not previously purchased an owner occupied property then you should qualify for the FHOG,

Here is a link to further info.
http://www.firsthome.gov.au/

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Well done Calvin that’s good news.
The old saying, “you don’t ask you don’t get” certainly rings true, Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi Calvin & thanks for the kind words,
The ANZ break free package is a different product to the ANZ pro pack,

Under the ANZ break free package there is no fee for the offset, but there is a $295 annual package fee.
$500K plus = 0.6% discount, Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi Jim,
I would suggest you link the offset to the non-deductible debt, cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

The devil is in the detail,
ANZ pro benefits pack has a $10 monthly fee for the 100% offset.
6.72% for lending over $250K Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi Darryl,
You raise some interesting questions.
I don’t believe the majority of brokers see themselves as working for the banks, I certainly don’t have any allegiance to them and have no problem negotiating with them, the number 1 priority is and should always be to find the most suitable lender and product for the client, that may sound like a cliché but it’s the only way for a broker to operate his/her business if they intend to work in this industry for any reasonable length of time.

There has been instances of unethical brokers operating without the clients best interest at heart, fortunately the MIAA have raised the bar for existing and new entrants coming into the industry by way of minimum education requirements and transparency with full commission disclosure, and more recently for NSW and VIC the Finance Broking Agreement which provides the client with complete disclosure of all commission, referral fees, proposed lender fees & charges and rates etc.

As far as the banks are concerned, I think its fair to say that a few lenders view the mortgage broking industry with a certain degree of contempt, but realize due to our growing share of the market (I think its currently approx. 37% or 40% and increasing) that they need to accommodate and aggressively market there products to the MB sector or risk losing market share, the subsequent increase in competition can only be positive for the consumer. Cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi Fredo & welcome to the forum,
I may be biased but I would suggest the services of a good mortgage broker, In most cases it wont cost you a cent as most of us don’t charge our clients a fee for our service as we are remunerated by the lending institutions.

To many variables for any broker to suggest an appropriate lender structure or rate without more details, cheers.

Regards
Steven
Mortgage Broker

Mobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.au

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.