I have written an article about borrowing more than 80% for API.

See http://www.prosolution.com.au/articles/gear.pdf

Cheers

Stu

What bank is it?

Most banks will actually want you to refinance to another lender before giving the refund. Stupid, I know but thats their policy.

Cheers

Stu

This is a really common experience. Bank staff rarely know their own products or policies. Sometimes they say ‘yes’ and then you lodge an application and then they say ‘no’. Should you expect more? Of course. Will you find a lender that always knows the answers? Unlikely. Why wouldn’t you speak with a broker? A good broker will be able to give you a number of lenders policies which will save you time and frustration.

Cheers

Stu

Some lenders will take this into account… you would have to have two year history to support future bonuses. e.g. if you have received a $10k bonus every year for the last 3 years then its likely that they will include this income.

Cheers

Stu

C2, Can you explain how you might be able to use these for property investment at a retail level?

Cheers

Stu

Thanks for the feedback jhopper.

Link doesn’t work because there’s a full stop behind it.

Try: http://www.prosolution.com.au/articles/structure3.pdf

More articles at: http://www.prosolution.com.au/free_articles/articles.php

Cheers

Stu

I think you sould read the following article which discusses this scenario…

http://www.prosolution.com.au/articles/trading.pdf

Cheers

Stu

ET come home… welcome to the forum ET.

The bank will confirm (via valuation) that the value of the property will be equal to the current land value plus the construction cost ($275K + $250k = $525k).They will then lend up to 95% of this amount (i.e. 95% of $525k). They will not lend against actual value (say $550k) until the construction is complete.

I hope that makes sense.

Cheers

Stu

Maybe you can give us an example how this could help?

I don’t see the connection between tax “benefits” and expensive finance. Sure you can get a deduction for expensive financing costs but that doesn’t make it worthwhile. At the end of the day, its still money out of your pocket.

Cheers

Stu

Hi Jenny

In my opinion, any insurance is not about the lowest cost or rebates. It’s about getting the best value for money. There’s a lot to take into account when selecting an insurer, particularly in terms of their policy. Comparing price may not be comparing apples with apples. I suggest you see a licensed and reputable financial planner.

Cheers

Stu