Forum Replies Created
You should be able to borrow 80% of the value of the property to use for whatever purposes you wish.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Onion
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Email me the postcode please.
I will se what I can find out for you.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
PRs do qualify.
See
http://www.mortgagehunter.com.au/first-home-owner-grant.html
Follow the links to your state.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I used a terrific designer. If you like my site email me for her email address.
Hosting is cheap too.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Mortgage Insurer is a different entity to the bank. LMI requirements take priority.
You can try another lender who doesn’t use that insurer.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Mortgage Insurer is a different entity to the bank. LMI requirements take priority.
You can try another lender who doesn’t use that insurer.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
There are few fixed rate offset accounts if any.
Fixed rate lending is a whole different kettle of fish.
But the bext of both worlds can be achieved with a cocktail loan if that is what the borrower requires.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Allen,
The only exceptions I know of are where the house has been an IP before you move into it.
Or if you have claimed part of the mortgage on your tax because the home is also income producing ie home office or renting part out.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments 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 can amend tax returns going back four years.
See an accountant.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Some very attractive rates under 6.5% are available with 100% offset accounts.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
It acts like the interest is being charged on $40K instead of $50K. There are other benefits too.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
It will cost you the same but he will be getting a cut of the comission. He will be keen to see you buy it rather than you get the best deal.
Offer him an incentive to negotiate really low for you if you think he will be better at it than you maybe [cigar]
cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Sounds like my house except just two daughters. [biggrin]
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Cheata,
A quick glance at your figures tells me you can move now.
If I acted for you I would consider topping up one of the loans for a deposit and then borrowing 80% of the cost of the next IP seperately on it’s own mortgage.
Easy enough to set up and you can get the best rates out there – possibly a Professionals Package.
But as the others say – take your time and buy well!
All the best,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Well you need to work out the advantage of the 50% CGT reduction after 12 months and determine which is better for you.
If it is funds you need then you can use the equity in that property to buy the next one if you need to. No need to sell.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Lenders are happy with a recent statement or letter from the agent.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments 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 have 50% equity in a property then you need no deposit at all – if the numbers stack up OK.
Find yourself an Australian Broker who can work via email and fax with you and have him sort out your finance.
Good luck!
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Many banks expect LMI to be paid upfront.
Not all though as your broker suggests.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
IO = Interest Only
It means you aren’t paying down the principal amount. You shouldn’t pay down any deductible loans until the non deductible ones are paid out.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
