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Did you catch the news - Westpac borrowed $9 billion via the RBA guarantee in December. I think your right Rolf - looks like they are short of cash and limiting the ability of borrower to access their products. Hopefully with the RMBS markets reopening we might get some more non- bank...

Less Choice - Less Competition - equals More Monopoly

I would recommend sitting down and starting with a plan. Think about how many properties you want to aquire in what sort of time frame, how long do you want to keep working, and then talking to your accountant (make sure they have the same view of property as you). I am sure you would agree...

Hi Josko, "Why wouldn't I have bought negatively geared property in the higher income earners name?" Because when it does turn positive which with the current property shortage will probably be sooner rather than later, you are going to end up paying the highest margin tax rate on the...

As long as it is full doc - the big 4 or IMB

Have to agree with Rolf, handing all your loans to one lender really puts you at their mercy. If there all lumped in together the lender may decide to revalue everything and the lend 80% against what is left. Normally we would suggest the 1 line of credit with 1 lender and all the others...

I would agreed with Wobbycarly and put any extra funds against the PPR. I would also check the loan product you have for the investment property and whether the lender offers a no fee or lower rate product without the offset account. An offset account is typically used to reduce interest...

So I went to my local branch like the advertisment said at dawn this morning and guess what ! :)- no one was there.........

:)Albertus is a boy - or at least I was when I got dressed this morning..:D Therefore I am a "he" not a "she" please..:cool:

I would like to address the issues raised by "Awesome Wells" as there are a very good lessons for all investors about the importance of having a plan and sticking to it. Firstly I would like to state that I was not the particular broker involved with this application but I do have actual...

Sorry, to clarify - $100K in super is fine but at 70% that only equates to a loan of $200K and a purchase price of $285Kish. STG & NAB and CBA will all accomodate at 70%. If you want 80% the extra cost (12K approx) would need to be worth it. At 80% the $100K super gets a property of $350K...

Don't worry - only just the other day Westpac were telling us that the local branch manager could fix anything! (Sic) :rolleyes: What about the - * 12 MONTHS BAS STATEMENTS (from ATO portal) REQUIRED REGARDLESS OF LVR * SUPPORTING DOCUMENTATION REQUIRED TO SHOW ABN HAS BEEN REGISTERED 2...

Do you run a bussiness? If you can show equity in the houses eg rates notices. And have a some funds as a deposit the rate is more like 9% to 13% depending on the size of the deposit, fixed or variable rate etc. I would agree if the rate was 20% you are better of using a low interest...

Wait! - then go back - the sold sticker takes a while to filter through all the government departments - LTO etc that the valuers consult. Trends are your best friends. 2 months from now those sales will be on the "radar" for the valuer and will indicate a rising market trend - at the moment...

Minimum loan size the lenders apply is $250,000 - loans are through 3 lenders - rates between 5.39 - 5.59% as at 28/10/09. The issue with a smaller loan will be the set up costs - it's just not economical, you will burn up more money setting up the warrant than the extra funds you will be able...

Reply to Grossreal In answer to your questions - who owns the warrant - The warrant is owned by the SMSF - :) with your warrant the assett is held by the company and that supplies a warrant that get paid down - NO. The asset is held under Warrant by the trustee of the trust:) until the...

Chan & naylor Accountants - Ken Raiss has a product that allows us to go to an 80% lend using the SMSF via a warrant. Happy to discuss.

Hundreds of thousands of dollars spent on automating their systems with huge spending profiling software systems. Do you really believe the Banks just going to let someone ignore them and go back to the bad old system? With out naming names I know one lender who will not be going back after...

Have to agree with Rod on this one - this is one of the reasons you should consider having your loans with different lenders or at least have your loans uncrossed if they are with the same lender. Check to loan offers though as sometimes the Banks will try this on even though the properties are...

The big 4 are always conservitve look outside the box a little.:( Suncorp 95%+ capped LMI - you still need genuine savings of 5% but it is essentially a 97%. :)