Recent content by Yourmortgage2t

Nab Balance Sheet Lender hi Most banks have some form of mortgage insurance as they securise their loans. The banks are only allowed to borrow so much on their money on thier balance sheet. (determined by Apria) as this money they borrow is liability to their balance sheet. It does not...

Greedy Banks Beware even though your loans may not be Xcoll, some of the lenders, will apply this if default on your loans. Best advise don't place all your properties with the same lender, this gives you more flexibility and dramas with the banks regards Ym

hi I would love to help you But Iam Afraid that i need more info regards

Hard to predict where interest rates will be. in the future. In short term it is conceivable that they go down slightly before they go up. If you look at our soaring Aussie dollar, Its going up against US$. The US ecomony id depressed, in fact there offering 0% percent to finance motor...

hi You may be able low doc loan, which does not require financials, However you have to make sure that you can service the loan. Talk to a goood mortgage broker regards

Hi The banks love to cross collaterise, it helps them to tighten the noose, if things go bad. The lenders tell you that saves you money, by giving you a reduced application fee. You said there was not much chance of going into default, No one plans to get in trouble, But it can happen...

Mortgage Insurance The reason you are having problems with your mortgage insurance a year ago there were about 5 mortgage insurers. As of last month there are only 2 left. So if your mortgage insurance was with a company that has ceased providing mortgage insurance, it has now been...

Asset Rich Hi If your is worth $1M and you $550K equity it is poossible to refinance and release equity. At this stage lets assume that you are looking for a low doc loans, to meet servicability. At present you could borrow up to $750k after paying out existing loan, which would leave...

hi I guess it depends on what it is zoned for. There have been plenty of good ideas, to get some cashflow. What other options do you have? Do they want to live on it in the future? Whats so good about this block of dirt, is going to be their future dream home? regards

Small Devlopment Hi Do you own the land? What is it zone for? How big is the land? The "banks" will lend on the property, but you will find that will only offer a lower LVR, which means you will need more of deposit. It is possible to get a contstruction loan, for your development...

hi It is possible to use the equity in your investment properties to pay off or down on your personal loans. What would be the advantage to you? I guess piece of mind as your castle has a small debt. This can be achieved though a split loan, where the interest is capitalised on the...

valuations Its funny you pay for the valuation, but you are not entitled to valuation. If you work with a mortgage broker, they can at least let you know what the valuation came in at. regards

Valuations If you have trouble getting higher valuations, you need to look to another funder, who has a different panel of valuers. Valuations are based onwhat similar properties in that area are selling for. They usually use residex or prdata as their reference. They will compare...

negoiate Interest rates Many folks tell us they want to be able to get a ballpark idea of the monthly outlays for a property they are considering. To begin, you can use the following Amortization Table to calculate monthly principal and interest payments. Amortization Table To figure a...

LVR. The easy way to remember. Your mortgage is the Liability and the Reality is what your house is worth. The mortgage divided by the valuation gives the LVR. Usually judged by a valuer, who you pay. If your property 1s worth $100000 and your borrowing is at 80% that is you have 80% debt...