Recent content by Colin Rice

  1. Colin Rice

    End of an Era

    Thanks to the Somers, Sim and the moderators. I haven't been around much lately due to being occupied with other ventures and look forward to contributing and learning on the new website. This site and more importantly the people behind it have contributed very positively to much more people...
  2. Colin Rice

    My Story 10+ Properties by 30 yo

    Whole new world. You have to make it happen or nothing will happen. Its a lot of fun and very fulfilling if you can pull it off though?
  3. Colin Rice

    BREAKING NEWS - Bankwest reduces LVR to 80% for IPs

    20% of the market share in WA (wait a while) is Bankwest so 1 in 5 are with them and most are happy to/want to remain. May not have a choice now. Like most things me thinks there is more to this decision than meets the eye?
  4. Colin Rice

    BREAKING NEWS - Bankwest reduces LVR to 80% for IPs

    Is Adelaide a part of the world?
  5. Colin Rice

    BREAKING NEWS - Bankwest reduces LVR to 80% for IPs

    Or a 95% + cap lmi deal (what I use em for mostly) Rates over 80% are meh!
  6. Colin Rice

    BREAKING NEWS - Bankwest reduces LVR to 80% for IPs

    They will love that :p
  7. Colin Rice

    BREAKING NEWS - Bankwest reduces LVR to 80% for IPs

    Had to google that one.
  8. Colin Rice

    BREAKING NEWS - Bankwest reduces LVR to 80% for IPs

    For those who missed it then :)
  9. Colin Rice

    BREAKING NEWS - Bankwest reduces LVR to 80% for IPs

    BREAKING NEWS - As I type this, Bankwest have just communicated that they have pulled back their investment lending to a maximum of 80%... effective from tomorrow!! Big news.
  10. Colin Rice

    BOQ - No LMI

    120K with the dragon (St George)
  11. Colin Rice

    BOQ - No LMI

    I concur and had a "word" to the BOQ BDM about this the other day :)
  12. Colin Rice

    BOQ - No LMI

    The BOQ calculator is a shocker when it come to serviceability and is akin to ANZ from my experience to date. They have a niche in the 95%+ full cap of LMI that suits some.
  13. Colin Rice

    Becoming a Mortgage Broker?

    I think it is akin to Russian roulette on whether you get the right mentor or not. Even if they are average you will still learn a lot in 2 years. I have had 4 different mentors and the best ones I have found here on Somersoft. I have no formal agreement with any one I just read their posts...
  14. Colin Rice

    Calculating changes to your borrowing power

    No it does not. It can be cancelled at anytime. Banks are pessimists.
  15. Colin Rice

    Understand the math ~ Diet vs Exercise

    Could be genetic as that's a fairly impressive dead-lift and they work legs but not like squats.
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