Recent content by Cales405

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    Mortgage Broking Franchise Commission Splits

    Thanks for clearing that up. It makes sense. I was under the impression most franchises also used aggregators. I knew Mortgage Choice didn't, but was unsure on the other franchisors models.
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    Mortgage Broking Franchise Commission Splits

    Thanks Peter So when a franchisor uses an aggregator, the aggregator retains a portion prior to paying franchisor, then franchisor has split with franchisee, unless the aggregator has a flat fee structure?
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    Mortgage Broking Franchise Commission Splits

    Thanks Terry. I am not looking at getting into a franchise currently, just researching some information for a finance brokerage I currently work for. They don't write mortgages now. The aggregation company they would use has a flat fee per broker offering and not a percentage of monthly...
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    Mortgage Broking Franchise Commission Splits

    Does anyone know approximately what mortgage broking commission splits are with some of the franchisors? I know Refund Home Loans retains 20% upfront and 25% trail after the aggregator has taken their part.
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    Low Doc (self dec)

    Interesting. That will be a refreshing change and long overdue.
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    Low Doc (self dec)

    Majority of lenders work on the Henderson Poverty Index A married couple is just over $1700 in living expenses and each child is just over $400 each, so married with 3 kids is almost $3000 net income you have to earn per month before you can borrow a dime.
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    Low Doc (self dec)

    That is why I was thinking down the lines of someone with multiple ABN's, non GST registered. i.e. 3 ABN's non GST registered can declare income under $75000 each ABN, so none of them require GST registration and declaration of income under $225000 still would not require GST registration...
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    Low Doc (self dec)

    Contracting on a commission base only, so even as an employee wage is 100% commission. It is too hard to show consistency at this point to do full doc. I moved interstate and sold my house and now will have to wait another year to buy new PPOR, as then will have GST registration for a year...
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    Low Doc (self dec)

    I am going to register one for GST the coming financial year due to moving out of PAYG and contracting to my current employer (only been with them a short time), but in the same field of 5 years
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    Low Doc (self dec)

    Would any lenders approve a low doc if you have ABN's not registered for GST? ie. Two companies (one is a trustee) and an individual ABN. Individual ABN active 10 years, trustee company ABN reg 4 years and other company registered 12 months.
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    Short Term Finance

    Scenario Defacto relationship seperated and court order is made for her to refinance PPOR to pay out all joint mortgages and he will keep IP unencumbered. She will have approximately $340k in equity in PPOR He is the only name on title of PPOR and IP is joint tenants. All loans are in...
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    HDT and distibution of capital gain

    Yes, it appears that I will have all the capital gain. My deeds were prepared prior the ATO ruling and have had no amendments since. I think it is a good opportunity to wind down the trust as the costs to operate outweigh the benefits.
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    HDT and distibution of capital gain

    Anyone????
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    HDT and distibution of capital gain

    I have a Macquarie GS HDT and am a little confused in regards to the distribution of capital gains to beneficiaries due to changes. I am the only special income unit holder and have been neg gearing and distributing all net income to myself at tax time. With a sale of a property/s, will I...
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    NSW Stamp Duty Rates

    Thanks guys for making that clear.
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