Recent content by padfoot22

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    St George/Bank SA refusing to give partial refund of LMI

    Is that true? After 12mths and you refinance you don't get any of the LMI cost back.
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    Which Property?

    The project marketing firm is called 'Which Property?'. They based in Brisbane. They got a site here I take it not many have heard of them.
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    Which Property?

    Have anyone used the above project marketing company? I've only seen 1 bad press on this company. What do people think?
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    Bad experience with developer - Hamton Melbourne

    landlubber, what do you mean by this comment? Can you please elaborate.
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    To those who borrow using LMI

    I haven't used low docs yet. Care to enlighten us on this matter why it's worst than paying LMI?
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    Bank West

    Does this product (Rate Tracker / Lite Plus Home) have any break cost? I checked their website and found none. Is that true or is it under a different name?
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    Pre settlement checklist

    lukentel, is that a QBE direct insurance or via a different name that is insured by QBE? That is definitely a good price for insurance. Do you know if the premium would be the same if one is to get it direct from QBE instead of an insurance broker (assumed that is what you meanted by...
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    Not passing on rent

    What difference does it make if you get rent twice a monthly or once a month. It's more important that you get it on a regular basis. That way you can plan your cashflow accordingly to fit with when expenses vs rents are due.
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    When negative gear how much holding cost

    Thank you for all your responses. ozperp, regarding your method of anticipated CG do you need to take into consideration inflation as well? I did some calculations on 2 properties and it seems the more equity that is used the higher the anticipated CG. Does that sound right?
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    When negative gear how much holding cost

    Hi All, I have negatively geared properties in my portfolio which I have worked out the holding cost to maintain for the long term. They range from $25 pw to $125 pw to hold at present. Was wondering how much holding cost is a property worth to keep? Does anyone aim for a target or range...
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    Is this a better option?

    Thanks GZM. Now I know what it meant by flexibililty and portability of a loan. I guess I have to ride it out. Just makes it harder to get the next IP sooner.
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    Is this a better option?

    Hi, I got a situation where I'm unsure if I should move my loan or stay with it. I'm looking from the view that IR will likely go up than down at the moment so was thinking of fixing. But I have this dilemma if I should move or not out of the loan to a fixed loan. Got a 350K loan at...
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    Lenders who don't charge LMI?

    I know this post is old but I share my experience. I had a Brisbane CBD apartment which I was able to finance with 95% LVR with LMI. Used a broker to do it. I know from that experience that there were two lenders that could do 95% LVR with LMI as I applied for both and picked one. Rolf...
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    Loan query

    When I took the Homeside loan they had that 0.7% discount campaign on so the rate was cheaper than nab. At the moment I'm justing evaluating the proposition of moving to a nab loan with property #2 but unsure if nab will keep the two loan and two property separate or not. The banker I spoke...
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