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  1. Jess Peletier

    ANZ loan redraw question

    That shouldn't be a problem - there's no time limit to spend the equity release. No keywords required, however a split loan is a good idea regardless. :)
  2. Jess Peletier

    Getting a better rate

    More like 5 years, but still. That is bad service though and I can understand it's disappointing. Especially for a PPOR - for an IP these days you'd kind of expect it.
  3. Jess Peletier

    Consolidating loans

    Go chat to someone about the specifics - it might be worth moving one rather than all, especially if it changes your total LVR and therefore your rate. If they're all $200k loans it might be worth looking at. Or even just changing product with the same lenders - do you need 3 packages? Often...
  4. Jess Peletier

    Loan Contamination

    I missed this bit - oh dear.
  5. Jess Peletier

    Loan Contamination

    Hypothetically at the end it could look like this - IP1 - 80% Ip2 - 80% Mum's PPOR - 3% toward IP1 - 20% toward IP2 (or the balance if value on IP 2 has gone up.) All secured individually so no more x-coll.
  6. Jess Peletier

    Loan Contamination

    From what I understand from your post - To release mum's property from IP1 without using any cash, equity from another property or further x-coll, you'll have to pay LMI as the LVR will be around 83%. This uses all IP 1 equity, and releases Mum's PPOR with no loan attached. However - due to the...
  7. Jess Peletier

    Another IP Structure Thread

    It depends. If you are on the highest tax bracket and your partner earns no income, and the IP is in your name only, having a CC for all IP expenses and (separate) CC for personal expenses and all savings/cash in high interest acct in partners name for the whole month can be more tax...
  8. Jess Peletier

    Loan Contamination

    While they can't give tax advice, it's SO important that they understand the tax implications of the loans they're setting up! Most have no clue. Or interest in getting a clue.
  9. Jess Peletier

    So what did you sacrifice?

    Haha - Europe will come...I have no intention of dragging my 3 kids along with me! ;) I love eating out, but cutting back is fine when you have a husband that cooks like mine does - we tend to go out somewhere really nice a couple of times a year and eat in the rest of the time. It just got...
  10. Jess Peletier

    'Medico' package (85%+ LVR with no LMI) for IT workers

    ANZ do Chiropractors.
  11. Jess Peletier

    Lowball offers, questions.

    Others may disagree, but I wouldn't put that in. The recent sales are relevant information that shows the seller he may be priced wrong, the above is priced in to the recent sales. If I got a letter with those points in it, I'd be annoyed and when you're low-balling an annoyed vendor will...
  12. Jess Peletier

    Consolidating loans

    You could, in theory, consolidate all your IP loans into one, however you'll still have to account for them in some way, through an excel spreadsheet etc. Pro's are you may get a cheaper rate. If you don't keep good records, can get tricky when selling or if you change the use of the...
  13. Jess Peletier

    Confused about structure NOOOOBBBIEE

    I'll PM you Anita - but yes, happy to help :)
  14. Jess Peletier

    Confused about structure NOOOOBBBIEE

    There are still lenders lending, so it really comes down to finding the right ones and using them while you can. Don't give up your strategy based on rumours and 'maybe' - sit down with your broker (over the phone/skype if need be), see what's actually possible and go from there.
  15. Jess Peletier

    Confused about structure NOOOOBBBIEE

    Hi Anita, Firstly, nice work with the cashflow on Broken Hill! :) Second, cross collateralised loans aren't an ideal start as you've discovered. It might not be possible to untangle at this stage without some expense, but it's important for the future to understand how best to structure your...
  16. Jess Peletier

    'Medico' package (85%+ LVR with no LMI) for IT workers

    Have a look at Suncorp's Specialist range (you can google it) they cater to some professions that fall outside the 'normal' ones. Brokers don't have access to it though so not sure if IT is included. There are a couple of lenders who will do 85% no LMI for everyone - Citi and Pepper and I...
  17. Jess Peletier

    Alternative ways to get an IP?

    CBA will look at you after just 3 months, so only 1 month to go assuming everything else stacks up. :)
  18. Jess Peletier

    95% + lmi

    CBA won't do 95%+ cap LMI for an IP - Max 95% incl LMI
  19. Jess Peletier

    Changes / tightening on servicing for investors

    P&N are good for servicing, especially if you're buying under 80% lvr. They don't have dua, and they only like WA borrowers, but if you have ties to WA they might consider. And a WA broker is not a good enough tie. I know because I asked ;)