Just wondering if anyone is going to Bill Zheng's Investors Direct Seminars (Aug/Sep)?
I recall a while ago a Bill came up with a cashflow mortgage scheme.....Interested to what he's suggesting we need to do for an "opportunity to increase your wealth of $50k".
I just read about this today and thought I'd give it a go.
http://itunes.apple.com/au/app/id375054462
Check out this image....
Is it me or is there something wrong with the data here?
Rolf,
Long story....a broker arranged the loan, and I was told it was ING. It appears that it went through a mortgage manager called Legacy Financial (http://legacyfinancial.com.au/). More recently, a company called IDEN Group took over my loan from Legacy Financial.
No LMI was taken...
Rolf, I'll check tonight.
I don't have any issues in paying it.....I signed the agreement. I just wondered if anyone had successfully challenged these fees before
No, I want to refinance to another loan (not a LOC) and pull out some equity at the same time for the next IP.
I'll investigate that option though...thanks !
Hi All,
I have looked into refinancing to a cheaper loan. I'm currently on a 7.42% variable rate since Dec 2008 (yes it's about 1% more than it should be!).
The "Early Repayment Fees" would be $6,656.00 = to 1.3% of original loan amount.
I understand break costs for Fixed Rate loans...
Thanks Rolf/PT_Bear
I am paid Gross and pay my own tax. PSI rules are not applicable due to the Partnership arrangement.
I have one employer and have had so for the past 5 years.
I thought our previous loans were not done as self employed....will double check with the broker.
I can provide a contract which states my hourly rate and period of employment.
I can also provide historical contracts and distribution statements (payslip equivalent) to show consistent income as well as Tax Returns showing consistent income over several years.
Would that still be...