Recent content by Motiv8

Im from ANZ's Home Loans Hotline (1800 035 500) and I thought I would share some information with you regarding discounts etc....: -There are two types of packages: Breakfree (where you pay the $295 p.a.) and also the Professional Package. These are two SEPERATE packages. To qualify for the...

ANZ dropping fixed rates as of 19th Sept ANZ will be dropping its fixed interest rates as of 19th Sept, except for the 1 year fixed rate which will remain the same.

Hi Leah, How long has your husband been self employed for? If at least two years and he has the appropriate business documentation needed, then LoDoc may not be necessary?? If you did want to go down the LoDoc path, ANZ now has LoDoc 80.

Hi The LMI premium, as somebody said previously, considers the LVR and the amount borrowed. If you already had LMI and you did a top up to 95%, then the premium % rate would be based on the total amount borrowed (that is, existing amount and the top up amount) however the actual premium $...

P&I->IO=credit critical Hi Tubs, The restructure of an existing loan from P&I repayments to IO repayments is classified as a credit critical restructure, meaning that the change has to be assessed and they look at your income etc...like any standard application. The reason for this is...

Hi Thanks for the advice Kristine, there is so much to think about and I am glad that I have asked the question now. Im a little confused about what you said about genuine savings having to be saved over a period of 6 months prior to loan application. It would be impossible for someone to...

Hi I'd like some advice on starting out, we are a young family (just one child) and are looking at buying our first PPOR soon. We have cash savings of around $28k which we have saved over the past few years, and have company shares that are valued today at around $37k with an interest free...

Hi MJK Yes Im more concerned with cashflow. Im actually living in West Sunshine at the moment, however have not been here long enough to know which parts of Sunshine are better to buy an IP in. I was hoping there would be someone on here who has purchased an IP in Sunshine or Altona...

Hi I was wondering if anybody could please offer advice on purchasing IPs in Melbourne's Western Suburbs, particularly Sunshine or Altona? Is there anyone here who has purchased IPs in this area? What has been your experiences with your tenants? Ive had people advise me not to invest in...