Forum Replies Created
I thought Debits tax was abolished??? I have not been charged this on my cheque acounts for a while.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdMy question relates to how does a cow have a calf without a bull?
I saw the one you posted the link to Jo. I started the other one to have one that was Australian orientated instead of American. I did not go back and check it again after I read the initial post but just saw then that you had alrady listed some Aussie agencies. Sorry and good work!
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdMy PM was charging between 5 and 10 dollars per month for sundries. I asked him once how many stamps he used that month or phone calls he made on my behalf. He answered “NONE”. Seeing I get my statement emailed as well, I could not see the point. I was also under the impression that he was supposed to send a hard copy statement by standard mail as well.
Anyway, when he said “NONE”, I then asked him how he thought my clients would react if I charged a “Because I feel like it” fee of $20 per month. He tried to tell me it was not the same. I don’t understand how it isn’t.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdIt used to grow on trees when it was paper. Tell them it is plastic and they may think it comes from a recycling dump instead.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdMonohan,
<Edited – misinterpretation>
To try and end the confusion (and doubt), go to the following link and the bottom of page 23 and read about cold calling:
<Link Removed>
This link will only be active for a few days and then I am removing the file as it is quite large (104 Pages).
The industry is currently discussing this paper and making submissions regarding it (myself included). It outlines many of the problems faced by the finance industry regarding brokers and it discusses the benefits of a single national set of regulations applicable to all brokers.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdTry looking in the HEADS UP section…
https://www.propertyinvesting.com/forum/topic/14786.html
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdOriginally posted by Baloo:Steve,
Could the forum software be modified so that people could switch off viewing other people’s signatures/sign offs ? It’s fairly easy to disable the images using an add blocker, but the colourful and large text advertisments detract from the flow of a thread.
I find that one thing that detracts from the flow of a thread more than a colourful signature is people who “quote” ALL THE TIME. There is no need to “quote” someone when you are posting a message straight after them.
I notice a few people quote almost every message they reply to. It really gets annoying reading the same message over and over and over again!
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdThat happened when I was a kid. I am only 33. I copped a few kicks in the butt from policeman!
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdThat is what I pay accountants for… so I don’t have to read about things that do not interest me. I am sure I will know soon enough as I get further into the Accounting course.
Regarding my posts, I am a very fast typer and I have the page on auto refresh. It takes me a few seconds to write a post like this. I often get the flood warning!!!
My longer posts I do late at night while watching TV at home.
My girlfriend is also away so that explains a lot of it!!!
I guess some people are having issues with it so I might just have to reduce the number of posts I think. It has been mentioned more than once in the last few days.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdCan someone explain hybrid trusts please. I would prefer not to go look it up as I have heaps to do!
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdI would only work with a wrapper who works under the UCCC and it can’t be done via referral.
The only way I am aware that you can do it legally is for the broker to ask the client and either give them your number to call (which they will probably never do) or arrange a meeting at which you will attend.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdOf course it is illegal. It is a clear breach of the Privacy Act. Unless authorised, the broker can not give you anyone’s personal details and even if they were allowed to give you the details, you are not allowed to cold call them if you work under the UCCC rules and regulations.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdIn most cases, they will use 80% of equity. In your example, if you bought the property for 200k and had a 160k loan on it and then the property value went up to 300k, you would be able to increase the loan or refinance to 260k to cover your existing loan and use the extra funds as you like as you like.
Of course, if you owed 200k already, you would only get 80k extra.
This may change with different lenders as some will go higher if you pay mortgage insurance and other will be lower if you cannot verify your income.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdI am excited!!!
I am downloading the Investment Detective right now. It will be interesting to spot the improvements as I thought it was good enough at the seminar.
Thanks Phil and I will let you know how I go. I am sure there will be many quesitons coming your way now. I could not find the other thread.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdBecause I don’t know the benefits of a hybrid and I don’t think a unit trust will be suitable because it won’t let me move the funds around as needed to minimise tax.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdWhat are the benefits of a Hybrid Trust?
I don’t want to buy the book!
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdNo
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdA simple solution would be current market price plus expected growth for the period until the exercise date plus an extra margin for error.
If the exercise date passes and you have not exercised the option, everything is negotiated again and you lose your option fee.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty LtdExercising the option will not be treated as a refinance as it is a purchase. The title has to be in you name already for it to be considered a refiance. The payments you have been making will help a bit but if you were not leasing the property, you would be renting somewhere else anyway. In any case, these payments would not be counted as they will be replaced with mortgage repayments.
I think buying for the first time is easier if your history is clean and serviceability is good otherwise refinancing when you have some equity and “clean payment history” is a lot easier. Late payments are not “clean payment history”.
Robert Bou-Hamdan
Mortgage Adviser
http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter – Click Here
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd
