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Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of PaninaPanina
    Participant
    @panina
    Join Date: 2016
    Post Count: 8
    September 7, 2016 - 7:29 pm
    Richard Taylor wrote:

    @panina from the figures you emailed me i managed to get the deal to service for $260,000 so not sure who your TIC broker is looking at but seems to be a vast difference.
    Cheers
    Yours in Finance

    Not sure i understand the broker said i can only borrow $260,000

    Profile photo of PaninaPanina
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    @panina
    Join Date: 2016
    Post Count: 8
    September 7, 2016 - 6:08 pm
    Colin Rice wrote:

    @panina any reason you cant put in a 10% deposit as opposed to an 20% deposit. Yes you will cop some LMI but you will have held back some of your capital that can be placed in a offset account for the next purchase and/or a buffer.

    I would love to do that! The loan only came out at $260,000 maybe the banks are starting to hold back their lending.

    Profile photo of PaninaPanina
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    @panina
    Join Date: 2016
    Post Count: 8
    September 7, 2016 - 12:47 pm

    Thanks i don’t think i can justify putting so much into this apartment

    Profile photo of PaninaPanina
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    @panina
    Join Date: 2016
    Post Count: 8
    September 5, 2016 - 7:18 pm

    Thanks alot ill email you both soon

    Profile photo of PaninaPanina
    Participant
    @panina
    Join Date: 2016
    Post Count: 8
    September 5, 2016 - 3:12 pm

    Hiya no furniture in the house someone is already in there.
    I was thinking that buying a established unit and furnishing ive seen units 100 meters away $100,000 less i travelled to the gold coast and viewed the properties but I’m told buy new buy new buy new!
    I think the best option is buy my own home like corey said considering rates are so low.
    Can i email one of you guys and give a run down on my situation?

    Profile photo of PaninaPanina
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    @panina
    Join Date: 2016
    Post Count: 8
    September 4, 2016 - 11:43 pm

    Hi i was told because I’m not earning enough through work so i cant borrow as much and the banks are also cutting back on lending.
    I spoke to the mortgage broker today it’s actually $90,000 now not the $100,000.
    The loans are not xcolled this mortgage is with a new bank.
    I’m not happy with the huge deposit the 90,000 is everything including government charges.
    Considering not going ahead with this although i think the gold coast particularly this area will grow the next couple of years the big deposit is preventing me investing in my own home which i really want.
    Really confused now i need to go speak with someone who can sit me down and run through everything cruch the numbers and get a positive outcome.

    Profile photo of PaninaPanina
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    @panina
    Join Date: 2016
    Post Count: 8
    September 4, 2016 - 10:08 am

    Thanks for the reply yes I’m going through a mortgage broker the thing is I’ve got 3 other investment properties in other states that are affecting my cashflow but they are all postive geared.
    I’m not to keen on the putiing the $100,000 into the apartment even though im told it’s like putting your money into bricks and mortar not the bank.
    I thought if the valuation is correct i have to only come up with 20% deposit and can borrow 80%?

Viewing 7 posts - 1 through 7 (of 7 total)