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Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 1:24 pm
I would be worried. They seem to change their structure, their name, and their directors a lot.
http://www.search.asic.gov.au/cgi-bin/gns030c?acn=075_881_373&juris=9&hdtext=ACN&srchsrc=1
Take a large non-refunable deposit!!!
_____________________________________________
The poster formally known as The Mortgage Adviser
When I grow up, I want to be a Storm Trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 1:21 pm
$2,000 is his standard for a corporate trustee and trust structure.
_____________________________________________
The poster formally known as The Mortgage Adviser
When I grow up, I want to be a Storm Trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 12:57 pm
You obviously mis-read the material seeing you could not even read my name. Or maybe you are just being rude!
I will ignore your future posts.
Good luck with your strategy.
_____________________________________________
The poster formally known as The Mortgage Adviser
When I grow up, I want to be a Storm Trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 12:52 pm
Search for wraps. All your questions, or should I say the same question you have been asking over and over again, have already been answered. There is endless opinions on this if you do a search.
_____________________________________________
The poster formally known as The Mortgage Adviser
When I grow up, I want to be a Storm Trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 9:55 am
Death by bagpipe!!! That should be cool to watch!
What do they do Landt, play loudly???
When I grow up, I want to be a storm trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 9:51 am
Hmmmmmmmm
JPG…. To answer this question again, if the numbers work, then you can do it.
Also, I do have two units as wraps. It works fine!
When I grow up, I want to be a storm trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 9:49 am
Mortgage Wizard???
What help do you want?
If the numbers work AND the demand is there, why not do it?
What else do you want to know?
When I grow up, I want to be a storm trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 9:35 am
You can use anything you want.
If the numbers work for you, go for it.
When I grow up, I want to be a storm trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 9:29 am
Look at your title plans. If it only shows about a metre, that is all you get. If it shows nothing, your neighbour can take the lot.
Maybe a motorbike is the answer.
When I grow up, I want to be a storm trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 9:13 am
Hey Gat,
Want me to come down and take care of the situation. I can bring those concrete boots with me!!!
When I grow up, I want to be a storm trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 9:05 am
Cross-Collateralisation
When collateral for one loan is also serving as collateral for other loans.
Collateral
Securities or other property pledged by a borrower to secure payment of a loan.
Securitisation
The packaging of an income stream from selected assets and issuing of securities to investors backed by those assets. Securitisation enables relatively illiquid instruments, for example mortgages, to be converted into marketable securities with active secondary markets.
Can’t find any definition for “Cross-Securitisation” anywhere, but hey, I must be wrong. The above definitions look the same to me. You know my biggest aspiration is to become a Storm Trooper! What would I know?
When I grow up, I want to be a storm trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 8:54 am
BUY IN GERALDTON!!!!
Note: I own property in Geraldton and this post is merely an attempt at creating demand to push the value of my property up.
When I grow up, I want to be a storm trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 8:41 am
Originally posted by FW:
Rob
What LVR?
* Maximum 95%
Is mortgage insurance payable?
* Kicks in over 80%
Is it a full financial or low doc?
* Full doc loan. Low doc is out of the market at 7.32% up to 80% (not competitive)
Do they lend to company/trust structures?
* Depending on purpose, ie: for residential property, YES
When I grow up, I want to be a storm trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 6:47 am
Firstly, Terry, It is ‘Cross Collateralising’, not “cross securistising”. Also, I would advise against a LOC.
Anyway Gazza, you have a property with lots of equity and minimal debt. You say you want to use the equity to buy positive cashflow properties by selling it. Why don’t you just use the equity, go to maximum and buy the cashflow positive properties?
You will still have the cashflow positive properties AND the high CG growth Sydney property. What you are doing is getting the deposits and fees from your Sydney equity and borrowing 80% on each new purchase.
This avoids mortgage insurance etc and you will have a large chunk of money for purchase other property.
This all assumes you will meet servicing criteria of course. Talk to a broker with an idea and you will be amazed what you can do if you keep the Sydney property.
When I grow up, I want to be a storm trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 6:06 am
Most of the links off that page are also dead. The website is being updated!
Contact Simon by email!!!
When I grow up, I want to be a storm trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 6:04 am
I would be reducing your payments to spread it out over 20 years. Why pay off a loan with no interest in less than 5 years and have to pay a 1.95% early payment fee?
When I grow up, I want to be a storm trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 5:52 am
Website is being updated. Hence, ask Simon by email.
When I grow up, I want to be a storm trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 5:29 am
Ask Jet. It is his Avatar.
When I grow up, I want to be a storm trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 5:26 am
I think you are referring to Derivex. Ask Simon (Mortgage Hunter) from the forum as he is the only one accredited at the moment. He is in trouble on Friday!!!
hehehehe
When I grow up, I want to be a storm trooper!
Robbie B
Member
@robbie-b
Join Date: 2004
Post Count: 2,493
January 11, 2005 - 5:21 am
Damn!!!
That one went over my head!
They were very similar posts…. can I get in late???
SNAP!
When I grow up, I want to be a storm trooper!