Yes ditto what RJ said Rixter...tried to kudos too but I must spread around my love
but thankyou anyway
but thankyou anyway
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
ramone_johnny said:Awesome post Rixter - have provided KUDOS!
Just slightly off topic - what are typical amounts invested into cashbonds? 100K, 250K? What provide best returns? And when you say an "insurance company" what do you mean by this? Whos door do I have to knock on to make this happen?
Rixter said:Hi RJ,
I basically purchased a $100k Cashbond/Annuity or the product name known as "Guarranteed Income Plan" from a financial services company named Challenger Financial Services.
There are many financial/insurance companies including some banks that provide these type products. You can approach them direct yourself or via your own registered financial advisor for a quote, and to find the best returns available.
Hope this provides you answers.
GoAnna! said:Hi Rixter
Given the attractive lo doc home loan rates currently available what do you think that Cashbonds offer that lo doc loans don't?
Interested in your thoughts.
Without wanting to speak for GoAnna, I think she understands the distinctionFrankGrimes said:Low docs are really for the self employed, not because someone has run out of serviceability, the ATO is currently cracking down on this. Cashbonds allow you to use normal everyday loans when you can't service any more with traditional income.
sachmo said:why the hell not just ask your employer for a huge pay rise!? then you can service your loans better and ask for more money. walk into his/her office on monday morning and demand a payrise...
GoAnna! said:Hi Rixter
Given the attractive lo doc home loan rates currently available what do you think that Cashbonds offer that lo doc loans don't?
Interested in your thoughts.
GMG said:My question is regarding the Challenger Guaranteed Income Plan. I noticed there are 2 options: RCV100 and RCV0 (Residual Capital Value 100% versus Residual Capital Value of Nil). From my understanding with RCV100 you get your capital back on maturity but with lesser income, and with RCV0 you forfeit your initial invested capital but you get higher income instead. Is one better than the other?
Rixter said:A Lo/No doc does not allow you to increase your aset base 4 times the lo/no doc loan borrowed amount.
Cheers
lizzie said:so - i'm completely lost as don't understand the lingo. is that like ... australian capital reserve currently advertise 8% return for 12 months, paid quarterly or compounding until maturity - so if you borrowed, say, $100,000 at 7% against a property, and received 8% interest compounding then your income would be higher than your repayments.
is that right?
lowb said:i'm also kind of new but...
suppose you are borrowing to buy a 300k property and you have 50k deposit
if, instead of putting 100k into cashflow to increase your income by ~20k over 5 years, you use that 100k to borrow 150k instead of 250k, which decreases repayments, improving DSR...
actually, it seems like if your IP is 1-5 LVR seems more important than DSR if you also have a salary