Hi Beaniemonster. Along those lines, any thoughts on the following as far as the actual areas and from a property investing view?
COLAC
STAWELL
ARARAT
HAMILTON
MARYBOROUGH

Cheers.

PS Won't tell you what best forgotton part of rural Vic I spent most of my childhood in – scarred me for life..

Must admit my opion for shows like four corners, (and don't get me started on today tonight ect) has really dropped over the last year or two – sensationalist exrement to put it pluntly, that unfortunately sends Joe Avergage into a 'it must be true I saw it on the telly' mentaility. The last few weeks as far as interest rates, the mortgage belt, move to PErth, move to rural Victoria, drive a mining truck, and how dare a lender evict someone form their 'home' that was 'only' $20,000 behind in their mortgage repayments ( wonder how 'wrappers' would go that long eh?)  has put the nail in the coffin. As a sidepoint, can you imagine being 'interviewed' by their camera wielding kick the door down bacon heads regardless of whether you were innocent, guilty, or something in between? Look what happens when you get rid of Naomi……. Sorry Milly. nothing personal!  

Like your style crashy……great idea. I would have suggested contacting the National security hotline with some sort of bogus accusation regarding 'something not quite right with their removal activities', but that is a bit too vindictive…and probably should'nt even joke about that should I?   

Have you considered not moving anymore before someone gets hurt?  Cheers!

Hi Keenas. Have you been in the job for over a year? If so,  that shoudl be fiine for at least one well known lender.You will be assessed on all your commission payments, and up to 100% lend depending on location.
All the best

Yep, Mark is on the money. You could also play even safer – buying at the lower end of the market and with even lower LVR of 70% borowings or less. Essentially the world is your oyster with what you have achieved – mate congratulations. I seem to have  a lot of 'ex divorcees' etc I run into with finance or refi's (purely chance, it seems to be a higher percnetage than I would have thought sadly) and if I may say not many are in the financial postion you are. Hope everything else is ok. All the best with your 'journey'. ….you're 3/4 of the way there!.   Cheers

PS And give the 'investor groups' and 'property sales groups' and 'of the plan crud' a wide berth….IMHO

yep, it does. THink of your 50k LOc when it is approved, as being like a giant credit card secured by your house -at cheaper rates of ocurse. You only pay interest on the out standing balance. Interest only – you pay as much as you like. With a true LOC , if you are game, you can let the interest capitalise up to the limit (ie make no repayments at all – if you have a good reason!)
hope that helps. All the best

Depends – if you just want something to read and are doing a bit of general research and need groceries this week, no. If you are ready to buy soon, need some info, and compare it to what people pay to visit seminars, buy so called 'secret info', , how much petrol and accomodation cost if doing your own independant research, and what gets paid in commissions and hourly rates to Financial planners it seems bargain basement. Let us know how you go or what you think. I am not recommending any of the reports, or particular info at all.

Hi. Wow, what a mix up. I assume this is the same scanario as your other post, although they are explained differently.
First things first, with this lender in particular, the proceedure is that construction commences AFTER an 'Autority to Commence' notice has been issued to you. At that point, construction is to be completed within 12 months from this date. The loan could not have been formally approved until working plans and construction documents have been recieved by Rams, with the fixed price building contract. A panel valuer then reviews this, makes sure it is correct between both builder and customer (ie you) and that it meets building codes etc. THEN formal approval is issued, followed by the Authority to commence.
Now…….you need to clarify are you using a broker or a Rams Home Loan Centre? ie Does th building have Rams written all over the outside of it, or is it 'Joe Blow FInancial Services' or 'Mortgage' Broking'. ?The action you would take next will depend on that, although I am concerned you say that the lender has no knowledge of the deak, but you hav an 'approval letter?' What is on the letterhead?
Once the first valuation has been done, progress inspections are not required with one of these loans, which is builders love 'em – they get paid quicker. If you give us some more specifics I may be able to point you in the right direction.

Yeah – let's lighten up a bit….I know – time for a top story (an absolute riot – true – and please don't those skilled tradespeople take offense)
A few years back a guy I knew got an electician (qualified) friend of his to come around and fit some naffy new lights and a couple of power points into his sons room. Comes and goes, and no apparent drama. Next day his boy asks him 'how come you moved my big Kenworth poster dad?' Dad pleads ignorance so they both go into the bedroom, and his son points out it is now on the opposite wall, and about a foot lower. So………they 'un blue-tack' it from the wall to move it back, and lo and behold found three fair size holes in the wall behind it !!!! Must havebeen where he was looking for the wires in the wall or something. I kid you not. H just covered it up with the poster and off!
Pretty funny I thought.
We all make mistakes but!

Bennido,

You will likely find a great number of people, including brokers in your area that will bwe able to help…perhaps even banks besides Westpac – just make sure you give them the full details. Mortgage Choice? They are probably one of the better regarded broking franchises, so they must be doing something right. They are not swayed by commission – as they only get the same flat fee for any of their panel lenders, and as was correctly pointed out, they have bought their business, and have a vested interest, as does ANY borker in getting you your loan through, as they do not get one cent otherwise!  As a sidepoint, the commission rates those guys get are a lot less than a 'backyard' or unfranchised broker will get, and anyone that puts up the dough to have a shopfront and staff in your local area desrves a go I reckon. Remeber, if you have a bit of time, it won't hurt to talk to a few brokers, or other lenders as part of a 'fact finding' mission or scenario, without comitting yourslef until you are happy. All the best with property number four….