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  • Profile photo of Mortgage HunterMortgage Hunter
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    Thistles,

    There must have been a reason.

    What is your income and what sort of land is it? A residential or industrial building block, rural land etc?

    Cheers,

    Simon Macks
    Mortgage Hunter
    [email protected]
    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    http://www.emex.com.au

    Check them out – I am.

    Cheers,

    Simon Macks
    Mortgage Hunter
    [email protected]
    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    In the past I have been reluctant to advise fixing for all but the most security minded clients. My reasoning is that it is like going to the casino. Most folks end up worse than if they hadn’t gone but it is the stories from those who win that make us go back! I also believe that you are betting against the bank expert in working out whether you will pay less to the bank over the long run.

    BUT having said that I now believe it more likely that rates will move upwards instead of down wards and am seeing more articles supporting this.

    I am currently fixing my most recent purchase using a 3 year product at 5.89%.

    Cheers,

    Simon Macks
    Mortgage Hunter
    [email protected]
    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    Get a quanty surveyor in to do the whole deal. The house, fixtures and fittings and furniture.

    My clients recommend Deppro.

    http://www.deppro.com

    Cheers,

    Simon Macks
    Mortgage Hunter
    [email protected]
    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    Just a few tips from a painting amateur.

    Minimogul is spot on about preperation.

    I might also add not to go cheap…buy good quality brushes and rollers. Cheap ones leave marks and the bloody bristles keep coming out in the paint. Whilst you can pick them out there is always one you don’t find until it’s dry [:)]

    I would also recommend a more expensive paint such as Dulux 101 wash and wear I think it’s called. Goes on better than the cheaper stuff.

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    12 months is a common belief.

    However, there is no set minimun in the legislation.

    There has been considerable discussion of this point in other threads.

    I would recommend anyone contemplating moving in for a period to gain use of the FHOG to buy an IP call the OSR and seek clarification.

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    Why don’t you post some more detail here and see what the forum members can advise.

    Don’t be too hasty to sell.

    I hope it all works out,

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    Jonathon,

    Don’t race out and sell your properties. Maybe add some cashflow ones to balance the portfolio.

    Best of luck,

    Simon

    Simon Macks
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    Profile photo of Mortgage HunterMortgage Hunter
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    Go for it. But agree on some ground rules in case circumstances change.

    Also you need to ascertain whether you are both entitled to the fhog and if so you need to set it up so you can gain the max advantage from it.

    Cheers,

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    I will be there.

    Walking distance from my place.

    Cheers,

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    At the end of the day you need to sleep at night.

    Cheers,

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    You could do it yourself for a few hundred dollars.

    In a few days too.

    If you don’t live in Darwin then combine it with a tax effective break from work!

    Cheers,

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    Still a bit cool of an evening. I think a BBQ would be best for an afternoon or a pub on a weeknight for a beer and a feed and maybe another beer…

    HG – you started this so make the decision!

    Looking forward to it.

    [8D]

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    All good ideas. Your call.

    If you do sell then consider putting the money into an offset account. Avoid this happening again [:D]

    Cheers,

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    Afghangirl,

    The best suggestion I can make if for you to visit a finance broker or email one from this forum.

    They have an intimate knowledge of the intricacies opf the different lenders and will very quickly identify which lender may be able to help best.

    Saves you a lot of legwork and most don’t charge for this service.

    Cheers,

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    Elysium,

    Please forgive me if I have offended you. That was meant to be friendly advice not a suggestion that you were less than honest. I worded it badly as I often do. My fault entirely.

    But spreading misinformation? That is a little harsh isn’t it? [;)] Everything I have written is true. They are auditing and requiring three months proof.

    Anyway to move on.

    The spirit of the legislation is to assist people to buy a home.

    If they purchase a home for a week or a month and then rent it out I would suggest that in some cases it wasn’t really their intention to buy a home at all but to purchase a rental property with the assistance of the FHOG. I wont be knowingly involved in that. I consider it unethical.

    I know that the guidelines specify no minimum period.

    I also know that the auditors are becoming quite aggressive about targetting people who have misused the FHOG and anecdotal evidence suggests that the period of proof requested is for a three month period. I would hate to think that I caused a client trouble over $7000 because I encouraged him to claim the FHOG for something that was never intended as a home.

    I don’t think there would be too much problem if it was occupied for three months from the 11 month period. I believe the reason the act was worder within 12 months was to allow any existing lease to expire before an owner moved in and this could conceivably be for 11 months after purchase.
    I am not suggesting that this 3 month period is right or wrong. But it is happening.

    Once again sorry if I offended you – I never really intended to.

    Cheers,

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    Populations under 10 000 can cause problems with some lenders – this is not a show stopper though as there are other lenders who do not consider population size and lend at normal rates.

    Cheers,

    Simon Macks
    Mortgage Hunter
    [email protected]
    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    I am willing to offer my BBQ and back yard – I am in New Lambton.

    But it would have to be soon as my wife has exams in about 7 weeks and noone wants to be around her when she starts stressing [:(!]

    Otherwise lunch at a pub would be cool too.

    Simon Macks
    Mortgage Hunter
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    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    You can borrow up to 95% if your income allows. You will need to pay Lenders Mortgage Insurance which might be around $3500 – 4000.

    Cheers

    Simon Macks
    Mortgage Hunter
    [email protected]
    0425 228 985

    Profile photo of Mortgage HunterMortgage Hunter
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    SPOT ON DAVID.

    Well explained too. Better than I could.

    Cheers,

    Simon Macks
    Mortgage Hunter
    [email protected]
    0425 228 985

Viewing 20 posts - 3,581 through 3,600 (of 3,735 total)