Just too funny

The claims about the loss of the master licence and the inabilty to sell sub licences speak volumes about what the Derivex business was all about.

I’m sure ASIC and MIAA are very happy to have this continula slandering of their name…I guess the fact it is coming from somebody with absolutly zero credability means nobody pays…[Read more]

Too true…but funnily enough ING offers one of the highest rates and is also has the highest rating of any bank in Australia….higher than any of the big four.

Further to the Fincorp story….look for more ASIC investigations into debentures issuers going forward

http://www.asic.gov.au/asic/asic_pub.nsf/byheadline/05-290+Fincorp+to+offer+millions+in+refunds+to+debenture+investors?openDocument

If you are only paying interest it doesn’t matter if you take the loan over 1 year or 100 years ….the repayments stay the same.

$100,000 x 0.066 = yearly repayment ….then divide by 12 to get monthly, by 52 to get weekly

When you say “friend” do you really mean “client” that you can’t get set through your broking business that is linked via the “www” button on your profile?

Best place to find more info is to read a couple of the Pre Sales Reprost on the Standard and Poors Website.

Note: if a bank issues a bond in its own name then the investors lose out if it goes bad. But if the same bank issues a Mortgaged Backed Bond then the investors are subject to the credit worthiness of the individual loans and the people…[Read more]

Has your friend tried this group:

http://www.homesec.com.au/

Their website is vague and their interest rates look to be very high but they were recommended to me by a fellow forumite …so they must be OK.

All advertisments for Guru courses seem to depict people walking along the beach talking on telephones…I always assumed this was becasue they had lost thier house due to margin calls and were sleeping in the dunes.

Its all about the interbank interest rate swap market…nothing more nothing less.(plus a little bit of margin give up on westpac’s part)

There is a traded market between the banks where they can “swap” fixed rate exposure for floating rate exposure.

They all issue floating rate debt to fund truck loads of thier mortgage to the big super funds…[Read more]

Originally posted by grossrealisation:
hi Qlds007
It doesn’t surprise me its not just the banks.
I sent a spread sheet to mcdonalds head office in dallas and asked them to burn a cd disk with what I wanted and send it back to me.
They sent me the chair, air freight 10 days because nobody had a cd burner, when it arrived I couldn’t stop…[Read more]

Originally posted by munjy:
Maybe I am being naive.

However, getting a better price for your vendor, even if it means a delay of a phone call to a competeing bidder, means more commission for your agency and also for you.

I would agree …you are being naive….if an agent gets an extra $5000 on a sale that is at best an extra $100 in commision…[Read more]

Recurring theme….when things don’t add it’s usually because they don’t.

http://www.asic.gov.au/asic/asic_pub.nsf/byheadline/05-264+‘PIPS’+%28People+in+Profit+System%29%3A+Investigation+in+Malaysia?openDocument

10% is not a crash…nowhere does the bloke from JP Morgan use the term…so please don’t misquote again.

Keep inmind that is less than 6mths gain in some recent years.

As for the comments from the white shoe real estate agents…who cares what some two-bit salesman says when all he is after is headline exposure.

Every day I read economic research from the major Investment Banks (Merrill Lynch, JP Morgan, UBS etc) and there is a big focus on the property market given the number of securitised loans in the money market.

Without expception there are no concerns of a property market crash in any of the global markets.

They only want the sale….getting another $10,00 for the vendor hardly makes any difference to the commision the earn. Sometimes its not even worth making the extra phone calls.

Drop a note in the letter box of the house so the vendor knows what a sh1t job the agent has done….I had the same problem a few years back so I dobbed in the agent via a note to the vendor.

A few days later I bumped into the agent in the supermarket and she went mental at me….looks like my note worked …and I got the result I was after !!!

Make that 29,000 again

Originally posted by kay henry:

I also read tonight (big reading night!) that John Brogden says he will axe 29,000 public service positions if he gets into power in NSW-

kay henry

Did he count himself in that number ?

So many “what ifs” ….what if there is no crash , what if you don’t lose your job, what if you don’t haev to sell.

While ever I have the ability to work I can service the loans and all is cool. I would hate to get to 90 years old and realise that I should have borrowed more through out mylife….its not like you get a seceond chance.

I would…[Read more]

Have been as high as 110% currently at 45% …moving to 85% soon.

To be honest I don’t see why it is relevent….debt service ratio is the one that you need to focus on.