Forum Replies Created
And we all know that the US is expecting 3 or 4 interest rate increases before the end of the year. With the margin and the currency risk, I would be grabbing an Aussie dollar loan.
Robert Bou-Hamdan
Mortgage AdviserFixed rates are a very different beast to a variable rate.
You don’t take a fixed rate for a quick sell unless it is a one year fixed rate and you sell straight after.
Robert Bou-Hamdan
Mortgage AdviserGreat advice Luci. Unfortunately, the organisations I am targeting all seem to outsource their HR. The ones that still have them are not hiring in the areas I am seeking.
You are right about the inner circle. The poaching and recycling of employees is huge in finance.
Take BDM roles for example… there is a massive shortage yet the same ones keep popping up with different lenders. Ask any brokers what they think of their BDMs and you will be lucky to get a 10% favourable response.
Robert Bou-Hamdan
Mortgage AdviserKay,
I don’t NEED a job and I am NOT unemployed. I am self-employed and have been head-hunted extensively but for the wrong field. I am not interested in writing loans any more. It is a personal choice thing.
Regarding enrolling in Uni, I already have through OUA. I am about to start a double degree in Management / Marketing. It will be TOTALLY BORING but seems to be required for future advancement.
I don’t think everyone with a degree is moronic at all. I just find that, in my industry, it is fairly common. This industry changes extensively each year and not many people keep up to date. I have kept up to date and it has benefited me extensively. Now I just need to let those people who need to know find out what I have learnt.
I know you have a degree or three and I had no intention of offending you. My frustration is with unqualified and non-industry people judging my suitability for a role they do not understand.
I also detest how you are never told who the job is with until you get there. What a waste of time! Do they think you will take the job because you are there?
Robert Bou-Hamdan
Mortgage AdviserCommercial leases do not go to the residential tenancies tribunal. I was not referring to small claims.
Just go to your Local Court and they will help you for free. Make an appointment with the Chamber Magistrate.
Robert Bou-Hamdan
Mortgage AdviserSorry Baloo… totally misinterpreted that post.
I have found the most common reason being that the agencies have been given a list of requirements and on that list is a degree. It doesn’t even stipulate what kind of degree.
I can’t see how a non-industry person can assess suitability, excluding a checklist, without knowing what they are looking at.
Robert Bou-Hamdan
Mortgage AdviserForget the Tribunal. Sorry for the incorrect info.
Robert Bou-Hamdan
Mortgage AdviserI was under the impression this was a residential tenancy.
Robert Bou-Hamdan
Mortgage AdviserANUbiS,
I was actually hoping you were not inferring what it is you seem to be inferring. I guess you are.
No problem!
Robert Bou-Hamdan
Mortgage AdviserKay,
I have not found a degree that I enjoy enough yet.
Thanks Curtis but I think I will stay away from racing. It would be a bad move for me.
Baloo, what the hell are you going on about???? What website that details how to survive in the workplace without doing any work??? I am a workaholic! By the way, I am not looking for work in IT.
As for being checked out, I had many people and agencies do extensive checks and searches looking for dirt about me when I was with Derivex. Nothing came out so I guess that says something hey?
I have nothing to hide. Would love to see this site you are talking about though.
Robert Bou-Hamdan
Mortgage AdviserI have restricted my search to online. Maybe that is the problem. Thanks for the info though.
Robert Bou-Hamdan
Mortgage AdviserDon’t like your chances regarding the water bill. I have never known a tenant to pay this.
The bond should cover a lot of what is owed. The rest should be recoverable through the Tribunal if it can be proven that the rent is owed and the repairs were not required before the tenant moved in. They are pretty reasonable in the Residential Tenancies Tribunal.
Robert Bou-Hamdan
Mortgage AdviserI say a definitive YES.
Robert Bou-Hamdan
Mortgage AdviserYou do realise that was a joke don’t you?
Robert Bou-Hamdan
Mortgage AdviserIf you stop negative gearing, apart from the ass end falling out of the property market, you may as well cancel deductibility of business expenses. Talk about a step back to the dark ages!
Robert Bou-Hamdan
Mortgage Adviserdmichie, I never said the Australian market was not in a downward trend. I just don’t believe the bottom is in China like you do. A trend is also very different to bursting bubbles.
Robert Bou-Hamdan
Mortgage AdviserYou are forgetting those with bad credit history, cash income without the ability to verify the source, non-residents, students, and the list goes on…
There is always a rental market.
In answer to your question, these properties do exist but you need to know how to find them. Look around the forum a bit more and you will also find alternative investments to the buy and rent positively geared strategy. It just takes a little more work.
Robert Bou-Hamdan
Mortgage AdviserNo, it was me being serious.
Robert Bou-Hamdan
Mortgage AdviserI would be interested to know the LVR required and whether payment is due at contract date or completion of the construction.
Robert Bou-Hamdan
Mortgage AdviserIt is very much in a broker’s interest to sell interest only loans as their trailing commission is based on the outstanding loan amount.
Having said this, I always push interest only loans with offset accounts for various reasons. If someone has non-deductible debt, the reason is obvious. If someone has just investment properties, they have the option of reducing their debt while maintaining many other advantages. This call is made by their accountant regarding taxation issues.
Regarding the trailing commission received by brokers, it also reduces when money is put into the offset account as it reduces the loan amount that interest is calculated against.
I often advise clients, if they want to reduce debt, to pay the equivalent of the principal and interest repayment into an offset but only the interest only amount into the actual loan. Also, by paying half the minimum monthly principal and interest repayment each fortnight into the offset, nearly 6 years is taken off the term of the loan. Putting additional income into the offset account reduces the loan term exponentially!!!
Robert Bou-Hamdan
Mortgage Adviser
