Andy, Ive emailed the Sydney brokers details as you requested.

Good luck

Rod

i’d say 4 or 5 would be too many as you would end up just getting confused with all the info. 2 or 3 maybe

what area of brisbane Jason?

Tim , You can restructure the loans and split the current loan amount into two separate loans but the borrowers on each loan would have to be in the same names. YOu cant have a loan in your name and a loan in your wifes name as the property is in joint names im assuming.
You just take control of payments on your half and likewise for your wife.…[Read more]

Hi again Andy,

I have a contact for a broker in the Sydney area. He won an award for salesperson of the year at the 2004 Australian Mortgage Awards which is like the logies for brokers !!
You wont get much better than him , would you like his contact details?

Rod

I know a broker in your area. His name is Eric Williams and his number is 0404034683. He knows his stuff.

give him a try.

best of luck
Rod

what area of Melbourne are you in Brad?
Northern suburbs, Eastern, Southern ?

Rod

Andy re question 1. Most banks will only lock or hold an Interest rate for you for up to a period of 60 – 90 days depending on the bank. So this wont help with your September settlement.
Some lenders will go to 95% of property valuation to a maximum loan amount of $500k. This will depend on propety location and title zoning, type of title (ie…[Read more]

ive seen situations where the builder or developer may offer stamp duty concessions where they might pay the difference themselves out of their own profits. Have you got a particular example for us to look at? Although youd have to talk to the developer and find out how they came to that result.

Hi joek,
As i work in the mortgage broking industry i can advise you of the following:

Whether you seek a pre approval (finance before you purchase) or full approval (after youve found the property) most banks will require a valuation to be carried out on the property to ensure it is suitable for them to take a mortgage over. This may entail such…[Read more]