I contacted REIQ on this matter, they informed me that once you purchase at an auction, you must settle.

Also, most lenders will want your property as security as well. They want you to take the risk too. If your not willing to do that, why would they be.

Generally, how they work (home builders offering no deposit).

Up until recently, every home loan lender required a deposit from every customer, whether it be 3 or 5%. So what happens is, that these builders/homes put that 3 or 5% in for you.

So, somehow, they have got to get it back. Whether it’s higher interst rate or payments while…[Read more]

I’m only to happy to find the best loan for you, crunch the numbers etc..

picja@eftel.com.au

Well, to start with, there is only a couple of lenders who accept wrap investors, so if you ask all the lenders about wrap investing, in regards to them lending you funds for it, they will generally show you the door. If they don’t then they probably, don’t diclose to LMI. But if they don’t have LMI and accept, well your right.

So in regards to…[Read more]

I agree with George.

If you are thinking the $35000 is buying you security and a peace of mind that you are in a supportive enviroment, well you will get this with other companies for nothing. Not only that you will receive higher commisions.

It is in the any company’s interest that you perform well, they recieve commissions from your loans.

If…[Read more]

Carlo10

Also, what they will do, is a joint venture with the developer and split profits accordingly. Not that risky when you know what’s going on and especially the developer.

Firstly, in regards to franchises.

I would advise against buying a franchise, I know a lot of companies that sell franchises and ask anywhere from $20000 – $50000. You have to ask yourself what is this paying for?
Do you receive advertising and how much?
How many leads is the company going to give you?

Like Terryw said, your best approach is to…[Read more]

I have many clients that I assist setting up SMSF and the yearly audits.

Set up $495 includes everthing.

Audits from $795

Also a lot of clients like to invest their super in our 2nd mortgages, which you can earn a return from 15%- 30%p/a.

picja@eftel.com.au

Saying 2nd mortgages are risky is stereotyping. Some are, some aren’t!

Take this into consideration:

The new 100% home loans with ST George and Pepper
How risky is this to the banks? Why are they doing this?

Why do Stgoerge and many other lenders do 2nd mortgages?

Why did Liberty start off, doing 2nd mortgages and is now one of the biggest, if…[Read more]

As per Terryw, you will need property ie PPOR, for security, (they like you to have the risk, so thye will want your PPOR as hurt money), besides that they will generally only lend 50%, some cases a little higher- up to 75%, but if you have a property, use your equity, you’ll receive a lower interest rate.

Generally, a business loan, starts at…[Read more]

picja@eftel.com.au

Need some more info to fully assess.

Why was it declined and by who? Mortgage Insurance?

What is the value of your PPOR and post code?

Do you have children, if so, how many?

You may need to go for a loan amount of 80%LVR to avoid mortgage insurance.

Only to happy to assist.
There is still many options available to you.

picja@eftel.com.au

There is better oportunities, than Aussie.
Aussie only pay $300 – $800 per deal, regardless of loan amount, I hear.

With most companies you would recieve an up- front payment and trail commission. This method is much higher income for the same work.

There are a few companies that will train you, some for free.

Also, you might like to try http://www.supereasy.com.au

However, they say it is complete, but don’t provide minute books and other paper work needs. But still worth a look.

There are a few better products than rams, that have lower interest rates and lower break fees.

Contact a good broker.

There are a few on this site.

There certainly is;
one is
The interest savers
http://www.interestsavers.com.au

I personally haven’t used it, but you might want to try

Stuart from Prosolutions

He may be able to assist, he has a programme. He is on this site,somewhere, but haven’t seen him for a while.

It always best to see a good mortgage broker. A mortgage broker generally has numerous lenders and can find the best deal for you. Also, good to compare brokers.

Always a couple of things to ask them, which lender they recommend and why?

What commision do receive?
This will make sure the broker is not putting you through a lender on the basis of…[Read more]

Billfromoz
1)$8000min is legal cost for placing caveat, lodging claim with district court, solicitors fees etc..

2) It was sent to the vendors but did not want to sign. But that shouldn’t matter anyway, the contract has gone uncoditional and the 1 st buyer has now got the funds and is ready to settle, the vendors are not ready.

In regards to the…[Read more]

Not only that Mortgage Hunter there are loans for people about to start business. They only have to be applying for an ABN. Obviously interest rate higher than norm.
Also there are other lenders who will look at you with 12 months trading (Liberty)

In regards to lying, well don’t. On a lo doc loan you only need to stat your income, if this…[Read more]