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Well it's after 5pm and no phone call at all today. Patience wearing very thin ..

Yep it's pretty obvious I've been shunted to back of the que to make way for loans close to settlement. Ah we'll that's the name if the game.

After complaining to my broker he got back to me after speaking to regional manager at Anz. Anz claim they should have a response for me tomorrow. (Thursday) Fingers crossed.

Yeah I don't think so. He's a nice guy but very very slow

I should have known this would happen when he called me to come in a see him for 5 meetings. I've been going through the whole process since July 15. Turtle?

And so I wait.... Thanks for all your feedback guys. Next time around ill be using a broker from this forum for sure. I chose this guy because he is close to where I am stationed at the moment and he seemed quite knowledgeable, however quite slow! Just for future reference is the loan...

No I'm not. Not sure what that's about. As Marty has said it looks like an auto generated email from ANZ to my broker.

Here's the email pasted. I have omitted some info of course. Apply Online Application ID: Lender Application ID: Connective OSN Broker ID: Applicants: Response Date: 21 Aug 201317:36 PM Status: Grant Conditional...

Dont have a property uet but I have a buyers agent I'm ready to engage and I need the pre approval so they can move forward with the property search

Broker forwarded an email from ANZ that says conditional approval granted 21/8 Broker advised me he will now request a formal approval letter but have not received one yet from bank. Has been a week now.

Heading should read 'Pre approval' Been waiting on Anz now for 2 and a half weeks to give me formal pre approval for my loan. I understand that there is a lot of buying activity at the moment, hence increase in loan requests, but is this a normal timespan for a pre approval? My broker...

Also I'm considering changing from a sole trader to a partnership with my non working wife. If the partnership were to make a profit of say $100,000 and I distribute the earnings 50/50 for tax purposes, when applying for an investment loan in my name only, would the banks look at the income...

Thanks for all the replies. Particularly skaters reply has made me think more about what expenses should be accounted for.

No it's not. Just happens that the 4 tennants are elderly as the area has a lot of retirees and the population only surges during summer holdays

Yes I do have non deductible debt. Good thinking! Also cant get my head around buying a property that although positively geared will most likely take forever to increase in value .

What I don't understand is Do you buy a casflow positive property on an IO loan? Or p&i and let it pay itself off over time?

Hey guys I generally invest for growth but I've come across a deal that sounds really good. When I crunch the numbers it's positive by 10k per year. Now I'm no casflow positive expert so please correct me if I'm wrong but it sounds too good to be true! I have a few issues if i were to buy this...

Hi guys I'm curious if a parent were to set up a $100,000 line of credit secured against ppor and the draw down the funds by transferring full amount to a child as a gift so he could use for investment property deposit. I assume there would be tax involved? What other consequences could...

Hey guys I'm currently researching 1 bedroom units. Ideally I would like a 2 bedder but my budget only allows for 1 bedders. Ive picked my target suburb and am currently formulating my selection criteria. Just wondering what you guys think is most important when selecting a property...

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