Recent content by Juliana Ardila

Thank you Redom

I agree with Redom Macquarie is one of them. Downsizing or super would be an acceptable exit strategy :)

Agreed, some lenders use the Henderson poverty line as a base for living expenses. This is why it is not ideal to borrow the maximum with such lenders. However, it can be helpful if you receive income that is not allowed in the calculations.

I recently spoke with a financial planner about a similar situation. After our discussion, we thought the clients could do the following: 1- Buy future PPOR as investment, financing 100% plus costs (interest and costs of running are tax deductible for 4 years). 2- In 4 years time, both...

As an example: Quora has a fantastic way to share answers to questions on 5+ social media sites with the click of a button. I can also share my answers as a post in my Wordpress site which enables me to have more exposure personally and it helps quora receive many more visits from each person's...

The fixed rate period depends on your adversity to risk. If you would be more comfortable knowing what your repayments will be for the next 5 years then go for it. You have to bear in mind that they may come down more but historically, they are bound to go up again in the near/far future. I...

Oh, that seems clear now. Whatever "topedoed" means. I asume now it was meant to be torpedoed. ;)

Only if you want to live in WA

Hi Brizza With that information alone and assuming the information is true and correct there are no other variables like high living expenses, HECS debt, dependants, spouse or defacto relationships etc, you could borrow between 350K and $480K depending on the lender. However, $30K would...

ANZ will do 100% offset on a one year fixed rate only: http://www.anz.com/personal/home-loans/our-home-loans/fixed-rate/ I would also prefer to set up my clients with a Fixed+Variable with offset mix according to their particular situation.

As far as I know, they are not self insured and use Genworth and QBE. Anything over 80% is in LMI (Genworth territory) except for the professionals package (up to 90%). ANZ is self insured.

Hi Montoya I have had not problems with AMP and I agree with your comments. Not to forget that AMP has a basic home loan option that has not annual fee and you can link an offset account to it for $5 per month. Their basic variable rate is actually quite competitive given all your other...

Amen, I started doing this myself many years ago before I was a mortgage broker. Paying yourself first is definitely the way to go ;).

I agree with Albanga. Offset accounts are fantastic for both PPOR and IP if you are not going to spend the money on things you shouldn't. It is also great if you upgrade to another PPOR later and decide to keep this as an IP. The beauty of this is you don't have to decide now since an offset...

Additionally, with ING, you can just get cash out for future investment purposes. Their policy quotes: "For LVRs above 85%, cash out will be limited to a maximum of 20% of the security value."