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  • Profile photo of Robbie BRobbie B
    Member
    @robbie-b
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    Post Count: 2,493
    May 6, 2005 - 11:09 am

    I think you should look at your loan contracts and see how much you pay in mortgage insurance. That is why your costs are so high. WHy do you need to keep refinancing to 90%?

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    May 6, 2005 - 10:31 am

    One big problem is that any Government who tries to do what is needed to fix the problem gets attacked by the public regarding taxes being too high or by companies for superannuation and taxes being too high.

    I think the out-sourcing of infrastructure is one good idea to reduce the costs incurred by Government. I also believe the GST will be raised in the near future and the real plans will start to kick in once Liberal take over the Senate. Hopefully, the public will not kick them out at the next election for doing what is needed.

    I personally think that anyone starting a business today should focus on (or at least cater for) products for the elderly with projections of 35% of the country being retired in the not too distant future.

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    May 6, 2005 - 10:15 am

    Firstly, you are spending either a lot of money on mortgage insurance or paying a very high interest rate. I would stay away from 90% LVRs if possible.

    You can only use your existing loan if the lender you are with allows portability. This will only work if the new property and the property being sold both settle on the same day. Unfortunately, you will have to keep within the LVR guidelines as the new security will not be sufficient to provide a buffer. The only exception to this is where they allow 100% loans but you will still need the costs.

    Out of interest, how much have you paid in mortgage insurance on the initial loan and then the increase and what is your interest rate on this loan?

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493
    May 6, 2005 - 7:07 am

    Try these guys…

    Mark Unwin
    Williams Partners Pty Ltd
    Chartered Accountants

    Email: [email protected]
    Address: 90 Queensbridge Street,
    Southbank VIC 3006, Australia
    Phone: + 61 3 9682 5288
    Fax: + 61 3 9682 5877
    Website: http://www.wp.com.au

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    May 6, 2005 - 6:55 am

    I wonder what would happen if the RTA stopped providing information to young and upcoming teens seeking to get their licence because they decided that they had answered the question – what are the road rules? – more than enough times.

    I believe this forum does a fantastic job when people who do not know each other go out of their way to help each other. I further believe that education is the most powerful tool for the ongoing success of the economy as a whole and people should not get upset when questions, even the repetitive ones or the simplest, are asked. The torch has to be passed somehow.

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
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    @robbie-b
    Join Date: 2004
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    May 6, 2005 - 6:48 am
    Originally posted by Sonja:

    How bland do we want PI.com to get?

    Kind Regards
    Sonja

    I wish a few people would ask admin or Steve this question. If you guys only knew what occurred off the forums!!!

    I beieve the most suitable answer is “as bland as plain, stale bread’. My question then turns to ‘Who is ‘we’? It is certainly not the majority in my opinion.

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    May 6, 2005 - 5:03 am

    Michael, I find the unmentionable site too conservative and very sensitive. Everything is edited there. I consider it a Communist online society.

    In the real world, especially in the business sector, people clash, do battle, argue, disagree, abuse, swear, etc… It is also cut-throat or dog eat dog. I am not saying allow all of this to happen in an online forum, but I think you have to show some latitude if you really want people to learn what it is really like in the real world.

    As for decisions made by admin in either site, I think they are often very wrong and usually just follow what the loudest complainant minority want instead of the silent majority. This is the easy way out and the route often taken.

    Michael, you know how many times I have been given the boot from both sites so I am speaking from experience.

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    May 6, 2005 - 3:31 am

    Skippy, your question has been answered. Why don’t you go speak with a mortgage adviser? I personally don’t like giving out lender names who I think have the best product as people have a tendency of going direct. What area are you in? Maybe an adviser here can meet with you.

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    May 6, 2005 - 3:06 am

    Stu, I am interested in seeing the discount over 500k as the 0.82% discount was restricted to 250-500k.

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
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    May 6, 2005 - 3:00 am
    Originally posted by Damo:

    I have heard / read about a number of investors that use low or no doc loans. What sort of proof of income do I need have ?

    You do not need any proof of income. That is why they are called Low Doc or No Doc.

    To use them, you will find you are usually restricted to a maximum 80% LVR (Loan to Valuation Ratio). Also, declaring an income you do not have may result in audit byt the ATO down the track, possible fines, jail time or bankruptcy. Talk to a mortgage advise first.

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    May 6, 2005 - 2:54 am

    The Capital Gains Tax will be calculated on sale price or market value, whichever is higher. The $1, will not change this. The nominal dollar amount just makes the contract legal.

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    May 6, 2005 - 2:36 am

    I will post my rough figures (as I am not an accountant) soon but I am looking for what sort of number people come up with after the 5 years – ie: what do you walk away with after 5 years and does this number make you believe this investment is good?

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
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    @robbie-b
    Join Date: 2004
    Post Count: 2,493
    May 6, 2005 - 2:32 am

    In a cast of thousands, you will always get loonies or those with alterior motives.

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    May 6, 2005 - 2:27 am

    Salubrious, I am happy to meet you face to face anytime you want. Unfortunately, the only actual ‘proof’ I will accept regarding the loan is contact from HomeSide that is legitimate. An email from your BDM is more than sufficient.

    Why will you not post your details here? We do need people to know who is making the bet so the truth about what transpires will come out. Agreeing to your terms will result in you not showing up and coming back on here saying you showed me the proof and I did not pay my side of the bet and a petty slinging match will result.

    As I said before, I do not trust people on the internet who hide behind their screen. If you are such a champion at getting such cheap loans, why not publicly announce who you are. I guarantee you will be inundated with business unless you are not being truthful whereby your business details will appear in the ‘avoid like the plague’ lists.

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493
    May 6, 2005 - 2:20 am

    Woods, the My Credit File feature is great. I use it myself.

    http://www.mycreditfile.com.au/

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
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    @robbie-b
    Join Date: 2004
    Post Count: 2,493
    May 6, 2005 - 2:17 am

    US ss also expecting quite significant rate rises in coming months.

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
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    May 6, 2005 - 2:13 am

    There is no such thing as a ‘SECRET’ to wealth. There are just different strategies.

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493
    May 5, 2005 - 1:23 pm

    Hi Benedict and congratulations on ‘coming out of the closet’!!! :)

    My girlftiend is in very much the same situation as you. She was reading the site for a while before recently becoming a member. I am very happy that she does spend time reading many of the posts here. (HI BABY!!!)

    Anyway, the reason I get defensive about posts like that from resiwealth is because it might delay her decision to begin posting here which would be a disaster!

    Hopefully you keep posting.

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    May 5, 2005 - 1:07 pm

    A last name may help a lot. There is not much on the internet about them that I have found with a quick search.

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

    Profile photo of Robbie BRobbie B
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    @robbie-b
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    May 5, 2005 - 12:58 pm

    I almost forgot one important condition….

    You must publicly post your company name, personal name and a point of contact so I can directly contact you before this bet is active just so I know and everyone else knows who I am making a bet with.

    Robert Bou-Hamdan
    Mortgage Adviser

    http://www.mortgagepackaging.com.au

    Investor Links

Viewing 20 posts - 1,281 through 1,300 (of 2,435 total)
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