Recent content by sumterrence

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    ANZ staff lend 90pc no lmi?

    As far as I've been told by policy and procedure it is always the case no matter you are staff or normal walk ins. As I said the reason why St George can do it because they have a different procedure when switching from P/I to I/O compare to Westpac.
  2. S

    ANZ staff lend 90pc no lmi?

    Also just want to clarify I'm not trying to have a dig in "who knows more" but to point out it is do-able but you're not supposed to. ;)
  3. S

    ANZ staff lend 90pc no lmi?

    Well any lenders in St George will need to advise their customer if they do 90% they need to do P&I, and when they submit the loan it has to be P&I also. It is just a different policy procedure between Westpac and St George that is allowing St George to change the loan structure back to I/O once...
  4. S

    Alternative ways to get an IP?

    Get an ABN and run your own business, secure your existing home over your investment property....
  5. S

    ANZ staff lend 90pc no lmi?

    Correct :cool: I used to have my loans with St George doing 90% I/O, but that's not something that supposed to happen and try not to promote this glitch too much otherwise they might change the process, I know how to do it and how it's been done but I'm not going to share it :p
  6. S

    ANZ staff lend 90pc no lmi?

    LOL so are you ANZ or Westpac? Westpac policy is the same, 90% LVR without LMI, but if you are doing 90% you need to do P&I repayment, you can do I/O if you do 85% or below.
  7. S

    Alternative ways to get an IP?

    Also keep in mind the bank need to see you have a track record of consistent saving, not just a lump sum of money sitting there, so maybe it is nice to start allocating money regularly into your chunk of savings while you build your employment history.
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    Are Chinese boom suburbs the mining boom suburbs of tomorrow

    hahaha can't agree more, my fb page always flooded by these people and every now and than some of my friends will approach me and tell me they are selling otp lol
  9. S

    Are Chinese boom suburbs the mining boom suburbs of tomorrow

    Just because they are using cash doesn't mean they can buy, they will need to register their details with the REA and gain approvals.
  10. S

    So what did you sacrifice?

    When we first started going out I promised her that next time when she move place again it will be her permanent home, and I did it ;)
  11. S

    So what did you sacrifice?

    I will not use the word "Sacrifice" but replace it with "Change of life style" Most of you mention buying a 2nd hand car with cash as sacrifice but I totally disagree, this is more like being more financially savvy and being less superficial/ more mature, because the truth is brand new cars...
  12. S

    Thoughts on this sydney purchase?

    Have you also considered your strata cost(if it is unit) and insurance cost? I usually find strata cost kill most of the positive funds...
  13. S

    Brisbane bargain GET IT NOW

    Get Jerrybee lol
  14. S

    Brisbane bargain GET IT NOW

    Just referring back to the topic and thought the end result didn't stack up lol, or you may have helped contribute this to turn a bargain into a none bargain? ;)
  15. S

    Keep or sell?

    Why can't she re-mortgage her IP and use the equity to buy another investment property? that can avoid the CGT and she can use the re-mortgage interest to offset any gains if she is looking for NG, at the same time she has the benefit of CG on both IPs. wouldn't that problem solved?
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