Recent content by dantab

Thanks Terry. Borrowing ability isn't an issue.

As an example: I have my current PPOR (which will become an investment property in the next couple of years): Value $575K and debt of $400K. I am settling on an off-the-plan NRAS purchase in the next couple of months. It is worth $325K and I have already paid a 5% deposit ($16,250). I...

No, the form they sent me to sign is actually blank, There is no volume/folio details on the form. They said they would fill these details in after I have signed the blank form. Where does the requirement for two copies come from? There isn't any mention of it on the actual mortgage form...

Does anyone know why banks insist on having us sign two copies of the mortgage? I get that they will lodge one and want to keep a copy, but why do they insist on that copy also being an original? Surely a photocopy would be sufficient for their records. Do they think they may need to lodge...

Is there any consciousness on whether the Firstmac offset account is tax effective? I asked the broker for some other recommendations based on my circumstances. He came back with Suncorp Home Package Plus SVR (New Borrowers) and Macquarie (Offset Home Loan Package Variable). Are these...

Thanks for everyone's comments. I won't have any problem meeting the servicing requirements for this loan. Servicing will be tighter for my next purchase but I assume that it is the servicing policy of the lender I use for that property that is important, and not Firstmac, in that case? I...

You're spot - the cheapest rate! The other suggestions were AMP (essential home loan) and BankWest (double deal home loan). What else should I be considering for this loan? This is a pretty straight forward application, isn't it? The product has IO and an offset account which I need to for...

Hi My broker has recommended Firstmac for my off-the-plan PPOR purchase. The variable rate of 4.74% seems pretty sharp. Is there anything I should be aware of? This is my first home and I intend to live in it for approximately 2 years after which it will be an investment. As I signed...

If selling both properties and purchasing two new ones was an option, she could theoretically improve her situation. Second time around she could fully gear the IP and pay down the PPOR loan (or place the excess cash in an offset account if she may want to use it as an IP in the future). CGT...