1)depends where or who you lend the funds from?
If it’s a friend or someone – set your own rate.
A lender- starts at 6% up to 15%

2) Couple of lenders can assist, your main concern will be exit fees on your current loan and serviceability.
I’m only guessing, but the reason your on a Lo Doc is because you couldn’t service the loan with providing…[Read more]

Invest in 2nd mortgages. These can make you are return of up to 25% p/a.

You can also set up yor super do this, as a DIY fund.

picja@eftel.com.au

Super – well, check with the ATO, everthing I have said complies, you will be on the lower rate.
In regards to offering advice with super – may be you should, let the people now inexperienced or experienced, that there are other options out there, not everyone knows about DIY Super Funds. This can be a great way to increase your super for…[Read more]

You can do straight assest lends, where you are required 25-35% deposit. On your deposit of 50k you could look for a property of $130000. That being $45500 deposit and the rest for costs. This is at 35% deposit. If you went to 25% deposit it would be $180,000 purchase price and a deposit of $45000. However going to 25%, you would be on a higher…[Read more]

Also, different banks have different servicability. Another words, one bank might lend 160k and another might lend 200k. Generally, ANZ and Westpac lend the most, however, there are lot’s of non- banks that can do better, also.

Generally No, because, the service being offered was motivated, to save people from being ripped off and to allow a peace of mind for the investors, so, that they are actually helping the right people.

But on the other hand, if I don’t offer a refferal payment, investor’s will keep going the way they are going and that defeats the purpose,so,…[Read more]

Terryw
1st posting Yes, as 2nd mortgage.
2nd
That is reffering to lending to yourself or a family member or a member/trustee of the super fund.

The super fund is it’s own entity. You can not lend to yourself/family members/fund members/trustees.
(In Delight’s case he/she would need a friend to do a 2nd mortgage from their super and Delight may…[Read more]

Hey Hey Hey! Bite my head off why don’t you!

I was only suggesting ways for the person to access funds to start investing, as originally intended.

Delight, is in a situation where these were/are the answers to his/her problem. WANTING FUNDS to INVEST, now. Didn’t see you guys offer any – only sympathy. These methods were suggestions on how to…[Read more]

Well, fistly I didn’t see the article.
However, I have seen many clients get ripped off by being wrapped. And I do know a lot of clients wouldn’t have their home without it.

But,I’ll tell you what I do know. I’ve seen some posting on this site where clients have had a $10000 deposit. Firstly, if a client has a deposit of that amount, they can…[Read more]

There are a couple of things you can do, but first it sounds like you paid a brokerage for the broker or the lender is Liberty. If it is not Liberty, you should (well most LO Docs do)revert back to the standard variable after 2 years good payment history.

Problem solved;

Firstly, if your new loan is at 80%lvr, you could refinance to 90%Lvr. If…[Read more]

You can lend in Australia with a 25% -35% deposit.

Yes, you can keep the circle running.

quote:
Dear Stuart,

Could you please explain the correct structure for DIY Super? I’ve attended Peter Spann seminar in Sydney last month, and get very exciting about the speaker Barbara ??? from Taxpayer Organisation talked about setting up a DIY Super, then I can invest on property as joint venture between Super Trust & myself provided this…

[Read more]

Lending Tip;
1) A lot of lenders, charge ongoing fees, approx$5 -$8 per month. For Example CBA,NAB,ANZ. This actually means your interest rate of 6.57% is now 6.77%(approx). Hence, the new laws in comparitive interest rates.

If, you refinanced or took out a loan with no ongoing fees, this would save you considerably over the 25 year term, which…[Read more]

There are lots of lenders who will assist your goals in regional Qld- depending on, how regional,though. One of the best lenders for remote areas in QLD,that work outside the LMI postcode areas, would be Heritage Building Society.

Reason being, their head office is in Toowoomba and started from there. Therefore, they know the areas of Qld, well,…[Read more]

Yes you can use your equity in vacant land.

I can check your serviceability and find the best loan for you.Over 42 lenders, that won’t cost you a cent more than going to the banks, yourself.

Email: picja@eftel.com.au

Depending on the amount of deposit/equity you have, these telco defaults most of the time are irrellevant in regards to home loans- personal loans, credit cards different story. For Example if you have 15-20% deposit of purchase price, No problem. However, they would like it paid upon settlement or removed from your file, or in some cases a letter…[Read more]

vluu27

This is a scare tactic, that your experiencing. Unfotunately, this type of company will follow through with their claim.

But just some little advice on the steps that occurr in this type of incident.

The next step that will happen after this letter, (if they don’t recieve payment) is one of two things,
1st will be sent to a collection…[Read more]

The rates from Liberty are: 110% – 8.75
105% – 8.5

Elysium-M,

are you on the 105% loan? If not, you got a good discount.

Also there is another 100% loan about to be launched in August. This product is better than the rest for owner occupied.

Firstly Bradely – have you had a look at Toowoomba or I hear Oakey (west of Toowoomba)is starting to go. They just have a new army or airforce contract in the place. Rentals are far and few in between. Investment properties – Prices average 70k. Investor’s are starting to move in. One bought ten properties their just last week. Whether this is…[Read more]

Are you aware of the 100% products introduced recently with interest rates of 6.87%.
One particular products requirements for this loan is:
Investor;
1)Min. income $50000
2)2.5% of own funds to cover costs
3) Min net assests of $175000

Owner Occupied;
1)Genuine Savings of 2.5% to cover costs or FHOG
2) No requirement for Min Income or Net Assest…[Read more]