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  • Profile photo of redleavesredleaves
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    @redleaves
    Join Date: 2006
    Post Count: 54
    December 30, 2006 - 10:21 am

    Thanks for your reply.
    Yes, I did commit to the loan on my own home fairly recently, so have just shelled out quite a bit in LMI and an am not all that keen to do it again.

    However, I do want to start investing as soon as possible so I’ll make enquiries in six months or so about increasing my loan.
    Thanks again,

    Profile photo of redleavesredleaves
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    @redleaves
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    November 29, 2006 - 5:17 am

    and what about those who are not just Young at Heart but young (comparatively)
    Are they excluded?

    Profile photo of redleavesredleaves
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    @redleaves
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    November 19, 2006 - 9:49 am

    Thanks very much for that, Richard.

    Profile photo of redleavesredleaves
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    @redleaves
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    November 11, 2006 - 1:17 pm

    Thanks for that, explained like that, that’s exactly what he was talking about.
    Thanks!

    Profile photo of redleavesredleaves
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    @redleaves
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    November 11, 2006 - 12:14 pm

    Thanks Terry. It was actually a salesperson at the display village that told me I’d be able to minimise payments on the construction loan whilst I was still in my current place of residence.
    Looks as if it’s not as easy as he made it sound though.
    thanks again.
    RL

    Profile photo of redleavesredleaves
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    @redleaves
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    September 25, 2006 - 8:06 pm
    Originally posted by Mortgage Hunter:

    I understand your enthusiasm.

    The market is not moving up at the moment. Any purchase you make should be considered medium term investing at least.

    My point is that should you decide to save a decent deposit over the next 12 months then I don’t believe that you will be paying a higher price than if you bought today. In fact many people are suggesting that you may even buy cheaper.

    I put it to you that spending 12 months saving and researching your market might be a better strategy than leaping in with 100% borrowed funds now.

    Of course I am no expert ….

    Simon Macks
    Residential and Commercial Finance Broker
    ***NODOC @ 7.15% to 70% LVR***
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Thanks MortgageHunter, I appreciate your thoughts.
    Although it’s hard when I wanted to get started RIGHT NOW, I think I’ll save for the deposit and take it from there, esp if properties aren’t going to be moving upwards too much in the next 12 months.

    Profile photo of redleavesredleaves
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    @redleaves
    Join Date: 2006
    Post Count: 54
    September 25, 2006 - 4:50 am

    I’m also attracted to Norseman by the cheap prices and high ‘expected’ rents.
    Why walk away from this town? What makes it worse than any other?

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