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Viewing 20 posts - 221 through 240 (of 3,735 total)
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  • Profile photo of Mortgage HunterMortgage Hunter
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    May 4, 2007 - 1:32 pm

    No problems.  I chose to go Io on my PPOR with an offset account attached.

    Best structure in my situation.

    Profile photo of Mortgage HunterMortgage Hunter
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    May 4, 2007 - 5:06 am
    let wrote:

    Hi koons,

    If I were in your position… I would take the FREE money from FHOG, live in the property for 12 months as required in vic. (This property can always be sold). Renting ??? may be an option if I couldnt afford to buy but thats only waisting money in my veiw. The IVP sounds great but without living in it you will loose the FHOG. Also look into all tax aspects as they vary according to your situation. I understand your delema but remember you have to crawl before you walk, also that great things come from equity.

    Welcome to the forum, but …

    you probably shouldn't give FHOG advice so enthusiastically to people unless you know the facts.

    Have a read of the legislation online

    cheers,

    Profile photo of Mortgage HunterMortgage Hunter
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    May 1, 2007 - 4:16 am

    If your redrawn money has been invested then it should all be tax deductible.

    Just ensure than none was used for private expenses – just investment usage.

    Profile photo of Mortgage HunterMortgage Hunter
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    April 29, 2007 - 12:24 pm

    Can't you just extend to provide more space?

    Profile photo of Mortgage HunterMortgage Hunter
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    April 29, 2007 - 8:16 am

    Is a sad indictment on society where the gift of $1 is so unusual.

    I am going to try harder to help folks in small ways now I know the effect it has!

    Profile photo of Mortgage HunterMortgage Hunter
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    April 28, 2007 - 7:02 am

    This is a specialised area – I can put you onto someone if you like – just drop me an email with your contact details.

    Profile photo of Mortgage HunterMortgage Hunter
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    April 26, 2007 - 3:01 am

    What is a glass ceiling?

    I thought it was a barrier that stopped some women getting to senior positions?

    Profile photo of Mortgage HunterMortgage Hunter
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    April 24, 2007 - 9:02 pm

    Great news mate – always enjoy hearing from you.

    What have you got planned for the future?

    Profile photo of Mortgage HunterMortgage Hunter
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    April 24, 2007 - 4:44 am
    Nivonne wrote:

    Thanks Richard. I understand that a low rate is not the most important factor, but if everything else stacks up why would'nt you go with the cheaper option?

    Well you would be silly not to.

    But generally everything else doesn't stack up and I am positive that you are trading something off for this low rate. 

    I find that loans can come with low rate, good service and flexibility. 

    Pick two of these that are most important to you because you can never get all three!!

    Profile photo of Mortgage HunterMortgage Hunter
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    April 23, 2007 - 1:27 pm

    It is added but only after you subtract all costs.  Inc interest, rates, insurance etc.

    If you own the PPOR outright then you will pay a lot of tax on the income.

    The way around it might be to borrow to buy another income producing asset?  Something that will make a loss but be very likely to make a capital gain.

    Myself – I don't mind paying tax.  I wish my annual tax bill was in the millions…

    Profile photo of Mortgage HunterMortgage Hunter
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    April 22, 2007 - 9:16 am

    I reckon you should call Jacque above.  She is a fantastic Buyers Agent and knows Sydney very well.  The Sydney Morning Herald seeks her for comment and she is certainly no fly by night shonk.

    I would have no hesitation in recommending her to anyone.

    Give her a call – you wont be disappointed.

    Cheers,

    Profile photo of Mortgage HunterMortgage Hunter
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    April 20, 2007 - 9:25 am

    yeah – I do.

    Profile photo of Mortgage HunterMortgage Hunter
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    April 19, 2007 - 6:13 am

    Why can't you buy a home on your own?

    Perhaps we can help solve that one before you make someone else wealthy.

    Profile photo of Mortgage HunterMortgage Hunter
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    April 18, 2007 - 10:34 pm

    Cracking is indeed the main drawback – but some very nice effects can be achieved.  Especially by adding glass, timber borders, aggregate, metals etc etc.

    I do disagree with the thermal qualiteis of tiles.  Tiles are required under the BASIX now because of their heat bank qualities.  tiles in a north facing room will heat during the day and release heat at night.  We are certainly going to choose them.

    Profile photo of Mortgage HunterMortgage Hunter
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    April 13, 2007 - 3:27 am

    It is a fact that the minimum principal payment required by the lenders is low.

    What sort of thoughts are you after?

    Profile photo of Mortgage HunterMortgage Hunter
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    April 12, 2007 - 3:58 pm

    Mate – you need to find a decent broker!

    Cheers,

    Profile photo of Mortgage HunterMortgage Hunter
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    April 12, 2007 - 12:11 pm

    That is a small block.

    Rental guarantee is not worth much in the whole scheme of things – don't let it distract you from what is a long term investment.

    Ask yourself why is this being marketed interstate?  Surely if it was a great deal it would already be gone.

    I strongly believe that if you learn and know your own market well you will find better deals than from far off …

    All the best

    Profile photo of Mortgage HunterMortgage Hunter
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    April 11, 2007 - 5:44 am

    Don't do it.

    If you pay off the car over 25 years it will prove to be a very expensive car indeed.

    Get the home loan on Interest Only then use your cashflow to kill any bad debt.

    Make a personal promise never to have consumer debt again (other than a PPOR loan) – you will be amazed at the difference it will make to your life. I did this myself about 20 years ago and I have never looked back!

    I can email you an article I wrote about bad debt and how to kill it fast which some people have found useful. Drop me an email.

    Cheers,

    Profile photo of Mortgage HunterMortgage Hunter
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    April 10, 2007 - 9:28 am

    There is no rental bond requirements as far as I know …

    Sounds like you should give her notice and find a new tenant.

    Why did the council remove the trees?  Were they a danger?  You are the owner not her.  I would be taking the value of them from her bond.

    Do you have a property manager?  Sounds like you need one.  They will get you full market rent and act as a go between for you so you don't have to cop this crap.

    Cheers,

    Profile photo of Mortgage HunterMortgage Hunter
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    April 10, 2007 - 9:22 am

    NODOC loan to 70% with no income needing to be declared.

    Any good broker will have a number to select from.  All depends on your needs.

    Cheers,

Viewing 20 posts - 221 through 240 (of 3,735 total)
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