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NSW2011
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March 30, 2011 - 8:28 am
I have very good vibes about my broker, I really like her and I feel comfortable that she has my best interests at heart
NSW2011
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March 30, 2011 - 7:38 am
Yes, I have no desire to age prematurely. I'm quite proud of my crowning glory I've spoken to the mortgage broker about this in great depth and mentioned I'd read this on some forums. I could see her laughing at me when I mentioned forums but hey, whatever. I'm dealing with someone at Mortgage House and she said due to the huge volume of loans that are put through them, they are allocated someone from the Bankwest who specifically puts MH loans through and she hasn't had any problems. Yes, I know I've read the comments about MH on the forum but I had to start somewhere and at least my broker has an album full of cards and testimonials.
NSW2011
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March 30, 2011 - 12:41 am
Richard, yes I saw $395 fee which is why I'm leaning towards the Bankwest product which is quite a simple loan and suits my needs but has the offset account attached for a minimal amount.
NSW2011
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March 29, 2011 - 11:29 am
Ideally I'd like to be under $250k but realistically, I might be slightly over. I think I might have to wait until I find a property instead of applying for a pre approval and as Richard said, the pre approval for Bankwest are not worth the paper they are written on. My mortgage broker implied the same thing in a more diplomatic way! I'll have to think about all this; on one hand, Bankwest has an offset account for $3.99/mth but no credit card inclusion so I'd be paying a fee for that so I have to factor that cost in. The NAB product looks interesting. Thanks for the suggestion Kane!
NSW2011
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March 29, 2011 - 11:00 am
Kane, the mortgage broker suggested St George as well. I cannot remember why I dismissed it but I've just looked at the rates and the comparison rates seem very high compared to Bankwest.
NSW2011
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March 28, 2011 - 11:43 pm
Thank you Richard for your professional feedback and Sam for giving me the benefit of your personal experience. I think I have decided to with the Bankwest product as it sounds ideal for my present and future needs!
NSW2011
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March 28, 2011 - 11:16 am
Thank you for your response again Richard. I chose a variable over a fixed loan as my extra repayments may exceed $10k. I know I'm coming from a totally different perspective being an owner-occupier first and then possibly renting it out. I will research those options that you gave to me. Thank you for your advice and your time once again.
NSW2011
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March 28, 2011 - 10:13 am
What an inspiring story Angel. Thanks for sharing
NSW2011
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March 28, 2011 - 10:00 am
Hi Sonya, thanks for your reply. I do believe the offers were presented to the owner. I think they are just playing hardball with the price. My bad, I went overseas last year and there were at least 3 of the same properties that sold around the $365k – $370k in that time leading up to Christmas. If the property is still on the market in a few weeks, I might nudge the second real estate agent again. The owners bought the property 18 mths ago for $370k and this is why they are holding strong. Sorry for the hijack! It's just reassuring to hear that I'm not the only one who gets treated in this manner. Mind you, people say I look young for my age so I seem to be patronised everywhere I go! Perhaps when I'm 50+, I might get some respect haha!
NSW2011
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March 28, 2011 - 8:28 am
Thank you for your quick response Richard. I have read a lot of your posts on the board and I'm honoured you have replied to mine!
NSW2011
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March 28, 2011 - 1:03 am
I have just started looking at property and I found this to be the case as well. I am single, female and I look very young for my age. I recently put in an offer for a property and I was spoken to very rudely by the real estate. I felt he had dismissed me as a time waster and didn't ask me to put in a counter offer. I have little tolerance for that but it put me in an unenviable position as I did not want to speak to him and put in another offer. I spoke to his office manager and put in an unofficial complaint and said that I felt he was rude to me because I'm single and female and yet I have more than 30% deposit and 40% if I put in all my savings which is more than most couples would have. She said I could speak to another salesperson who is in his late 40s to early 50s and I put in another offer $8k under what they wanted which I felt was more the market value. It was rejected again and yet the property stays in the market for 7 weeks. It's good to read this as I feel that it wasn't just my imagination. However, having typed all that out, I've met a lot of helpful male real estate agents. Unfortunately, they never seem to be looking after the properties I am interested in – gah!
NSW2011
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March 23, 2011 - 10:59 am
Thank you for the advice Scott No Mates. I've just arrived home from the gym and read this. However, today I put in another higher offer for the east facing property and got a response they are focused on reaching the $385+ figure. Good luck to them. It has been on the market for 5 weeks. I believe they think now they have dropped the price by $10k, all the buyers in that price point will come running. I have put in an offer for the west facing property. Do you think west facing is a big issue? As I work from home, I personally prefer it as I start working very early in the morning and prefer the sun to kick in when I'm starting to ease off at 3pm. I just don't want to be sitting in near darkness in winter but I inspected it the other day in the middle of the day when it was very hot in Sydney and it was very cool inside.