Recent content by Mumprenuer

  1. M

    Can you help?

    One bank - no broker involved - has told them: On 1 wage, 2 adults 1 child living expenses that the most they could lend them was $260,000 unless they get a family benefits grant totaling $250 a fortnight... They want (and could have accessed no problem in NZ) a loan for $380K as they have $220...
  2. M

    Can you help?

    Hoping someone here knows of a broker that may have specific experience with working with getting finance for newly returned Aussies. My son is returning to Australia from NZ after 10 years, due to a job promotion and looking to purchase here in Victoria. They are all cashed up from selling...
  3. M

    Makeover for Rental Property

    Sounds good advice. Thanks I also need help with bathroom. It is bathroom/laundry/toilet all in one. Shower screen has a crack needs replacing however tiles could do with updating and possibly floor...see what I mean..if I fix the screen I may as well do the whole thing properly (sigh) Then...
  4. M

    Makeover for Rental Property

    Hi Hoping someone may be able to help me out here. Have a rental property in the High Country that needs 'freshening up' however I only have a limited budget and figure if I fix one thing something else needs fixing and a 'little tidy up' may end up being a big tidy up. :( Needing help with...
  5. M

    Increased Interest Rates

    No ...only 250k thanks :)
  6. M

    Increased Interest Rates

    Had for over 5 years. Only $150 fee. However I have since spoken again with them they now will change me over to a new loan with no fees (for me) with an interst rate of 7.59...could I do better then that? Thanks
  7. M

    Increased Interest Rates

    Collins-securities (linked via Anz somehow) as, I think a line of credit...basicly we use the account as a savings/everyday account. The exact rate was 7.90% went down to 7.34% in July then they increased it to 7.99% Sept...
  8. M

    Increased Interest Rates

    A few months ago I requested that our home loan interest rate be reviewed as we had had the loan for about 5 years..the rate was dropped, now 3 months later we get a notice that the interest rate has been increased by double what it had been reduced. (Does that make sense?) Eg. reduced by...
  9. M

    Equity but no cash. What to do?

    Thanks BlackSpider...understand what you are saying :) Thanks Twich...makes sense...I guess one has to be 'comfortable' with that 'risk'. mmmm food for thought. Thanks :)
  10. M

    Equity but no cash. What to do?

    Ok.. understand this in 'theory'...question I'm still trying to get my head around is funding debt with debt. Maybe I need a mind shift...can anyone help me with this? Thanks
  11. M

    Equity but no cash. What to do?

    Yes Spider...to be locked into a "crappy 35-40K income only " is a sad way to go :)
  12. M

    Equity but no cash. What to do?

    Twitch Both your options sound good (obviously need to do my own sums) and decide on level of comfort with either statergy. Thanks :)
  13. M

    Equity but no cash. What to do?

    If only! Alex. Yes I've done that..there is only so many times you can do the numbers before one gets totally depressed!:D
  14. M

    Equity but no cash. What to do?

    Thanks GoAnna... Understand this concept. Finding them is the thing :) I'm not sure where to start where we have our current cashflow postive property...the market is well and truly now negative cashflow due to capital growth! My skills are very minimal here would take a huge learning...
  15. M

    Equity but no cash. What to do?

    Looking for understanding. We have one investment property that has the potential of additonal equity of around $150000. However our personal cashflow dosn't allow for ANY additonal costs. How does one go about purchasing another property. What potential strategies can one use...
Back
Top