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  • Profile photo of SamAusSamAus
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    @samaus
    Join Date: 2011
    Post Count: 7
    February 13, 2011 - 8:39 am

    hmmmmm…. they mentioed this being a PREMIER package of Advantedge and that is the reason of the fees.. will check this out.

    thanks for the advice all :)

    Profile photo of SamAusSamAus
    Member
    @samaus
    Join Date: 2011
    Post Count: 7
    February 13, 2011 - 2:20 am

    Thanks guys for all your comments.

    Club Finance is the reseller that I have been speaking to and they are mentioning annual fees of $395.

    Will need to confirm this, but based on all your comments this is not right.

    Sam

    Profile photo of SamAusSamAus
    Member
    @samaus
    Join Date: 2011
    Post Count: 7
    February 11, 2011 - 4:51 am

    Where can I find information on Advantedge product. Been looking online but nothing can be found.

    JAMIE M – You mention they have no application/ongoing fees – but I have been quoted $350 PA for this premier account !

    Is that right ???

    Sam.

    Profile photo of SamAusSamAus
    Member
    @samaus
    Join Date: 2011
    Post Count: 7
    February 10, 2011 - 11:56 pm

    Thanks guys.

    Michael thanks for your list. I really wanted to know if there is a popular choice for investors out there that everybody uses or if as you have done compare all the major and minor lending companies and choose the best one for me ??

    Does anyone know about Advantage – thru Club Finance (NAB) ???
    Sam.

    Profile photo of SamAusSamAus
    Member
    @samaus
    Join Date: 2011
    Post Count: 7
    January 20, 2011 - 10:54 pm

    Terryw – thanks for your reply.

    The loan is a LOC so i would suspect the rate would be slightly higher – yet to get the final figures.

    How can you pay a loan repayment into a LOC?

    Yeah I am not sure how that works and I still have to find out more – but i think the LOC is split into two loans.
    1 is the existing home loan ( principle and interest )
    2 is the IP ( interest only )

    All the money is put into the Loan 1 to reduce it as quickly as possible ( inc the rent, normal monthly payments and tax variation )
    This will then pay off this loan quicker.

    Getting a Tax Advisor is very good advice…

    Sam.

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