Recent content by nuffy

Who to go to? Last year ANZ approved loans with debt of $570 000 (ie over 500 k) and 94% LVR. Now declining us on loans with debt of $530 000 and still 93% LVR saying LMI company will only finance 85% of loans to value over $500 000. Obviously descrepancy that they approved last time and not...

Woohoo Dave, that's snazzy. Thanks. Haven't even bothered to play around with those options.

Rang the bank today and faxed in all the loan offers. They are pursuing it. Thanks guys, did well, played strong, found me some $$$

I printed off these comments and faxed them to Deppro with covering letter. Will advise you of any feedback!

Thankyou Les and Sam. Sam, that's a great spreadsheet now on my desk top. Am I right in this calculation: ____ PPOR IP1 IP2 loan 157 000 145 754 230 000 value 218 000 160 000 212 000...

Hi June, I was happy with the end product but it was slow coming. We had Deppro in Brisbane. I wasn't happy that they did not acknowledge receipt of my application form in any way but proceeded to charge my credit card some 3 or more weeks before the job was done. I rang them to ask why I...

You make sense to me. Only heard this yesterday and have the 3 years to find out the answer! Will of course ask an accountant and I see your point. Will pass on your comment. Maybe there's some loop hole somewhere... but then if it could be done we'd have heard about it wouldn't we?

Brisbane accountant ? Have just moved up here. Living in Morayfield. Can anyone suggest good accountant.

I also posted this in a separate post but.... We refinanced our previous PPOR and borrowed for our first IP 11 months ago. We paid LMI. We have sold that PPOR and moved into that IP which is now our PPOR. Can I get a refund on a portion of that? If so how do I do it?

Can anyone give me a sliding scale of LMI or explain how I can estimate it. I am refinancing PPOR, one IP and borrowing for another IP. My PPOR will be under 80%. All properties together would be 90%. I have already paid LMI on the first IP last year, what happens in that case? Just trying...

I've just been given an whole new angle on using IPs to reduce your own debt. Is this right? Our property manager explained this to me: We have 2 IPs fixed for 3 years. She said that at the end of the 3 years I draw out the equity of my IPs, refinance and whack it on my PPOR home loan. Here are...

Thanks Steve. Any idea how to combine them?

I have entered two properties. One will cost me $7 week, the other $8 a week. Does this mean it's simply $15 week or does the tax situation change when the two properties are combined?