Forum Replies Created
There is an audit team who checks.
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I hear people are going back to white.
If it iscold then carpet in the bedrooms otherwise floorboards are fine.
Not a big deal either way so don’t lose too much sleep over it.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I think you will find your figures are a bit out.
I would suggest LMI on a $100K loan with a 90% LVR would be closer to $1200.
This should make the picture a little rosier for you.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I did recently.
Buy a pos cashflow place on an IO loan. Borrow 100%+ to do so. Divert the cashflow into an offset account on your home loan along with your wage.
This will make a significant difference.
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Living in it doesn’t make it residential!
Depends on the zoning and the usage as well.
What LVR are you after?
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
You give up quickly [biggrin]
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
His lender may very well require a certificate of cover.
Recently built houses are often targeted by thievesafter new HWS and electrical items such as ovens, dishwashers etc.
I wouldn’t risk it myself.
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Will be hard. What LVR are you after?
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I find most investors don’t delay their start. The ones that do generally regret it at a later date.
I know I wish I had started earlier.
In 10 years time you will look back and see a significant rise in the value of residential property. Perhaps one idea is to purchase IP’s with the view of one day selling to pay out any PPOR debt you may have.
Is the PPOR you are in the one you will be in for life? If not – why pay it off at all?
Just some thoughts,
All the best,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
DD
What naysayers are you referring to? I thought all the replies seemed quite positive and supportive?
I think it a super achievement and wish I had started at that age!
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
My clients all swear by Loan Alert. The designers stay in touch and I am not aware of any problems to date.
All the best,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Q1 – Only pay SD on the purchase. Once you change usage you don’t pay it again.
Q2 – Tax deductibility will cease when it is no longer available for rental.
Hope this helps a little.
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I can do so – but would need some more info from you as to how you wanted to run this.
Are you looking for a loan here or in NZ?
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Please don’t see a financial planner.
Contact a Mortgage Broker instead – and do so after asking people for a referral.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
If you move from your PPOR you have 6 years grace where you may sell it without CGT.
This is as long as you haven’t purchased a new PPOR. (They can overlap for up to 6 months).
Hope this helps,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Remember that you are signing a declaratio as to the veracity of the information you provide the bank.
To obtain anything by misrepresentation is fraud.
All the best,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
All of your debts will be on your CRA.
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Don’t focus too much on the exact loan. I think the effort at this stage shouldbe in identifying the type of property and the location.
If you qualify for finance the a good broker will point you in the right direction quite quickly.
I would be inclied to recommend IO, also a lender that will capitalise LMI so as to minimise the funds required up front.
All the best,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
There will generally be REA’s who specialise in this sort of PM – I don’t know who they are in Perth.
I suggest you call around or look in the rental ads. I know they are quite obvious up here.
Other than that it is fairly standard.
all the best,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
