These days, a broker will even pay you for your business. What else do they have to do to get your business – make your loan repayments for you????

SEE A BROKER!

TMA
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6:30 PM may be a little early. Peak hour nightmares and trying to get there after work. What does everyone else think? A bit later maybe?

TMA
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Jerzy, your example is what most brokers hate. They do a heap of work to get you a better deal elsewhere and you end up staying with the lender that has been ripping you off for years and the broker does not get paid.

If you tell the lender to provide you with the discounted rates or you will refinance out of there, they will match it. It is…[Read more]

Personally, I would use two lenders. One for the residential properties and another for the boarding house. You are being done a huge favour with 80% LVR on the boarding house so snap that up. It is usually lower than this.

90% refinance is available from various lenders. You seem to be having problems because you are trying to go direct. Let a…[Read more]

This is dodgy stuff…

Just to put your mind at ease, banks do not ask for copies of bank statements etc for nothing. Bank statements tell a great story. If you do have credit cards etc that you do not declare, apart from seeing an application on your credit history (which they may ask about if you do not declare the card because you may have…[Read more]

Lose this broker quickly… as ‘Simon Say’s’, this is basic stuff. You do not have a choice if a loan is regulated or not. If you are going to live in it, it has to be regulated. If it is an investment property, it is not regulated. This applies as to your intentions on day of settlement. You can change your mind the day after settlement without…[Read more]

Munjy is spot on about what I would say… Interest Only with Offset ALL THE WAY!!!

There is another option….

Sell the property now before the expected additional losses are incurred. You can on-sell a property before settlement. From what I have read, you would take much less of a whack.

Regarding the FHOG and stamp duty concessions, no-one…[Read more]

http://www.fhog.info

All information is available online. As long as your parents do not go on title, you will have no problem with FHOG.

TMA
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I think Terry is staying away from this one now. I have been awaiting responses to many questions about this (what I consider to be) totally illegal and fraudulent practice.

TMA
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Steve, I think that was just an attempt at firing me up by kendo (aka ???).

TMA
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They are also doing 80% low docs finally. It is a pity discounts do not apply!

TMA
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I am NOT an accountant. The following is my opinion…

Originally posted by benm:
a) is the 6k interest on the 100K still deductible, against the 4k rent.

YES

b) is the new interest payable on the 6k draw down (against the 120k property) still deductible.

I would say no because you are just paying interest on interest.

Personally, I do not…[Read more]

Yeah. Maybe you are right. Money is certainly the last thing I would focus on if my father was dying.

TMA
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The scam usually includes getting more money from the morons dumb enough to send it by kidnapping and then murdering them. I have seen a documentary about it and how hard it is to catch or prosecute them due to the various jurisdictional issues and problems in the countries where most of these emails emanate from.

A common term for these is…[Read more]

If the agent has taken a property of the market for you withno deposit and nothing signed, I would say you are buying a ‘lemon’!

TMA
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It is very difficult for anyone to provide you with financial advice without knowing a lot more about you. It could cost you a lot of money.

TMA
http://www.email4money.info
Investor Links
First Home Buyer Website

Just to make it easier for everyone, here is the link:

http://desktop.google.com/download/earth/

Thanks Dev.

TMA
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Unfortunately, I have pulled out of the new venture for now. It has been put on the back-burner and I have let the shop go. I am working on a few online ventures and specifically one with a good friend of mine which is taking up a lot of my time.

I think a quiet or struggling cafe would love to host a group of people. I for one would enjoy having…[Read more]

Wrapping is not required and a solicitor is always good to have. You should speak with Richard. I am sure he will make an appearance here shortly.

TMA
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Again, you totally missed the point. Offsetting is an ongoing benefit when used properly. You do not need large chunks of money sitting there as long as good cash flow is going through the account!!!

TMA
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