Jewel-

Normally during the day is the best time to call.

State Manager
0425 358 293

Wholesale Mortgage Lender that deals only with brokers.

20 years in Finance Industry

I am on the gold coast and are more than happy to be a mentor. If anyone is interested.

State Manager
0425 358 293

Wholesale Mortgage Lender that deals only with brokers.

20 years in Finance Industry

If any of you brokers needs a fantastic contact at nab, let me know. She’s based on the Gold Coast, but will deal with brokers all over australia.

State Manager
0425 358 293

Wholesale Mortgage Lender that deals only with brokers.

20 years in Finance Industry

I remember dealing with a Commercial BDM and ended up not using him because you could never get him on the phone and if you left a message, if he did actually return the call, it would be a bout a week later. So guess who didn’t use the BDM after putting up with that a couple of times.

I have a fortnightly calling program and sometimes if I’m…[Read more]

I have a friend who is a broker in perth. She reckons it’s a nightmare over there for licensing.

State Manager

Wholesale Mortgage Lender that deals only with brokers.

20 years in Finance Industry

Hi Rob

Got your email, fowarding on tomorrow.

I hope I’m in the 10% favourable BDM’s, anyway my brokers love me. How many BDM’s will answer their phone late at night and help a broker who’s with a client with a scenario. I often receive scenario’s by email out of business hours and will answer them straight away.

I reckon BDM’s need to have…[Read more]

You also might want to check whether the loans have “Loan/security portability”. Where the loan may be transferred to another security property, saving on loan stamp duty, early repayment fees and establishment costs. This is for if you are looking at buying another property when/if you sell this one.

State Manager

Wholesale Mortgage Lender…[Read more]

All the lo docs I have access to have 1.2% early repayment fees for the first 5 years.

You would need to look at the total costing including entry fees, interest rate, whether LMI is payable and the exit fees and compare the products that way to find the product most suitable for your needs.

State Manager

Wholesale Mortgage Lender that deals…[Read more]

Hi Resi Wealth

Have to agree with you about ipswich etc.

Would you mind sending me a copy of the report. It would be much appreciated.

State Manager

Wholesale Mortgage Lender that deals only with brokers.

20 years in Finance Industry

Motels are what they call specialised securities and normally you can only get around a 60% LVR and there are not many lenders that will even look at them.

Maybe you could refinance your existing properties and pull out what you can to put towards the freehold, getting whatever loan amount you can and see if the vendor will vendor finance the…[Read more]

Are you putting any funds into the purchase?

What is the postcode and are the units on one title?

With your bad craa, have the debts been paid or are they unpaid defaults.

There is virtually no chance in obtaining a unsecured p/loan with a bad craa. I’d need to know a bit more info before I could let you know of some options.

State…[Read more]

Been doing a bit of research today. Yes Home Loans has one 7.09% minimum $50,000. Can have up to 4 splits. no monthly or annual fees. App fee $395

State Manager

Wholesale Mortgage Lender that deals only with brokers.

20 years in Finance Industry

Hey Rob, Thanks for the explanation.

Another question. How do Margin Lenders work out what shares are okay to lend against. What if somebody had $3mil worth of shares in a company thats share price is around the 0.60c mark would lenders look at this even with a really low lvr (20% mark).

Thanks

State Manager

Wholesale Mortgage Lender that…[Read more]

They actually purchase the property and give the people living there tenancy for life. They will give the person a lump sum and then pay the rest of the funds owing on the purchase contract over an agreed term.

State Manager

Wholesale Mortgage Lender that deals only with brokers.

20 years in Finance Industry

I couple of people I know were working for DNA when the company 1st started. I actually went to 1 of their first seminars to give the people I know a bit of support.

They didn’t excite me. I think they are a glorified property marketer.

State Manager

Wholesale Mortgage Lender that deals only with brokers.

20 years in Finance Industry

I’d be sitting down with another broker and get a second opinion on your borrowing capacity and the way your loans are structured.

State Manager

Wholesale Mortgage Lender that deals only with brokers.

20 years in Finance Industry

Information sheet on Bankruptcy.

BANKRUPTCY

Bankruptcy has very serious consequences for the rest of you life. Do not take this step without speaking to a Financial Councilor to see if there are other options available to you. If you are in debt and are considering bankruptcy, you should know bankruptcy is your last resort. Once bankrupt it is…[Read more]

I’ve just done an example of 2 different lenders, just to show that there are differences in premiums between lenders.

State Manager

Wholesale Mortgage Lender that deals only with brokers.

20 years in Finance Industry

Lmi premiums also differ between Owner occupied loans & Investment Loans, P & I Loans & interest only loans, Non-Genuine savings & Genuine Savings and there can be different rates again if you are are a First home buyer . Gemico is normally cheaper then PMI and Gemico is normally the preferred insurer because of the difference in premiums. Gemico…[Read more]

The problem you might come across when you go to settle on these properties is that you might only be able to get finance on the contract price and not the valuation price.

Wholesale Mortgage Lender that deals only with brokers.