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We can do a US dollar loan which from memory the rate is circa 3% at present. Exchange rates etc will be the concern and a good reason why you want a loan in an alternate currency.

Because Heritage have removed their basic loans and professional packages from brokers. They still sell it direct.

I recommend talking to David Jones. If you explain you were not contacted and it has affected your credit rating, they may consider removing it from your report .....yes... they CAN do that. Once it's removed, the insurers will have no issues. I am surprised that they won't consider it...

Virgo, Welcome to a rarely talked about issue. Rolf is right, different LMI providers have different premiums. However, you will also get different LMI premiums from the same insurer depending on the bank you choose. If your broker is excellent ( a step above good ), they will know...

Oh.... i see, sorry , I didn't address that point. The loan remains, just switches to a different package. You have a negotiated rate of 0.75% which is good and above the normal discount. However, this does not change the original contract which will show no early repayment after 3 years...

Agree, the fee structure is confusing , but unfortunately it was due to new products coming on board which necessitated different pricing structures over the years. In your case, I will make an assumption that the loan was new when locked in 3 years ago. Your early repayment fee no longer...

Thanks Rolf.

I don't know the full details ( obviously ), but I am saddened to read this situation. My personal view is that we should support our existing customers, but if your request is too far outside our policies, then even the best support will not allow credit to be advanced. I would take the...

We used to be able to go down to 25 sqm for a 1 bedroom apartment , or 45 sqm for a studio. Sadly, the minimum is going to be 50 sqm for new customers. Might be time to become a broker. /cry

Nope - the criteria is that you occupy the property for at least 6 months for the first 12 months. Nope - as above, if you are eligible for the grant, we can apply on your behalf and make funds available at settlement. Essentially the lender acts as an agent for the FHOG, so if you meet...

It's the same as the current advantage package, and I think comparable to most lenders. There are only positives here, the rate is to attract new customers to the bank. If you do repay the loan within the first 4 years and switch to another product, there is some discretion to refund the...

Nope. We can only access our own customer details. We don't share information. If we have your permission, we can do a credit search, but generally only when you are applying for finance. The details on a credit search do not provide the details you have indicated.

If there is enough to justify it, we will consider it. In this case, the income is good, reason for high gearing exists, so would probably consider this one. I wonder what it takes to get 4 stars with NAB ?

Agree. I may not have worded that one the best. I was suggesting that a small player advertising a rate of below 5% will most likely have fees or charges to make up for the loss of interest income. ( Eg an intro rate converting to a standard variable with no discount and hogh penalties to...

Some interesting responses here. I agree, if you have the resources to do it yourself, then go for it. However, if you want to save money on mortgage insurance, then you can set up a limited guarantee ( we call it Family Pledge ). Link -...

I think your best chance is to talk to your lender that your business accounts are with now. Your request to discount rates and fees need to be supported as a value proposition, and if you already have a profitable relationship with an existing lender, that would be your best chance. If...

Wow, what an excellent idea ( joking ). It is probably one of the better excuses for a delayed settlement that I have heard.

Data security is very important. Anyone who stole my laptop could only use it as a paperweight thanks to the security attached to it. Files are generally held at branch, so cocerns over mobile bankers may be partly valid, but if identity theft was the goal, I would suggest there are easier...

Only way I could see that happening is with the security being offered is a residential property and the funds being used to purchase a commercial property.

I agree, and i cannot stress this enough, get your loan approved now before maternity leave. Once maternity leave comes around and if you require your wife's income, then it won't happen until she returns to work. Get quotes for the work to be completed, we can then use the end value of...