Search results

Hi, am wanting to refinance current PPOR at 25% LVR. Am self employed with plenty of income, plenty of cash in bank, just a bit lazy with getting financials/BAS's done. Loan will only be $300K. Can provide BASs if I really have to, but would prefer no doc if possible. Will any of the big 4...

Hi, some brothers/mates and I purchased a property a few years ago which is now worth about $600K. The loan is in all 4 of our names and has nearly $300K to go. With the loan having all four of our names on it, borrowing for other purposes is a real nuisance. Is there a lender that would let...

Consider this scenario.... I own a half share in a property with a freind. The mortgage is in both names. I want to buy another rental in my own name. When assessing my borrowing capacity, the bank will look at the current joint loan as being soley mine, yet only count half the asset as...

Hi there, I was curious as to how the bank decides whether to do a desktop valuation, or send a valuer to do a drive by or full inspection? There is a loan I am looking to refinance and I'm sure if the bank did a desktop val based on the rental return and the suburban average, they would come...

A question to all you brokers. Where a client has made a few botched loan applications and has a number of recent credit enquiries on their record, does this make your job harder, ie is it then more difficult to secure that client a loan? If so, do you then charge an upfront fee to that...

Have just been looking at the "Location Wizard" for QBE. Am wanting to buy in a regional area. It seems the max you can borrow on a 95% lend with QBE LMI would be $500K, or $350K if the loan was insured through Genworth. My question is, am I interpreting these figures correctly? If so...

A quick query regarding offset accounts. Hypothetical scenario..... you have 3 separate mortgages on 3 separate properties, and just the one offset account against mortgage A. Assuming all loans are with one bank, can you make the choice later down the track, that you now want the offset to...

When an IP loan has been topped up, and the extra cash used for personal purposes, obviously, only part of the loans interest is then considered to be deductable. The general treatment by accountants is to calculate the non deductable percentage of the loan, and claim only the deductable...

Query for the finance brokers...... If I choose to pay 12 months interest in advance, how will this effect access to equity in that property etc during the 12 month period? If I've left out any vital info just say. Thanks in advance for all advice Dan