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Thats it dude - just keep it separate and clean :)

I meant if you have a PPOR debt - be careful not to redraw (ie. increase the existing non tax deductible debt) in order to use as a deposit for a tax deductible purchase.

Yes but as a general comment its going to be more an more difficult to do equity releases in the future.

CBA is your best option provided that you can service the debt with them.

If you are applying for a 95% loan then you will definitely require a Pre Approval IMO. Also note that the lending landscape is changing quite a bit so 95% loans may be a thing of the past.

St George will do 4 but if you are doing a hybrid trust then you are limited to CBA and St George with varying LVR's. What's the LVR that you are trying to do it at?

CBA, St George, RAMS and Bankwest will do 4 units on a single title under residential lending and thus resi rates. You would be looking at rates of circa 4.20'ish depending on the lender. Dont do redraw as it may have tax implications. Ensure loans are standalone and separate and properties...

We often forget that the amount of time and money people put in to provide these little gems. Thanks to Sim and all the moderators for all your efforts behind the scenes.

Is it possible yeah but depends on the circumstances - say its 80% LVR and you use a COS lender like ANZ, CBA, Westpac, etc and your broker or banker has the ability to get credit to look at it within 24 hours of submission. Then you can get docs emailed to you. Hopefully its not a QLD...

It depends on what type of celebrity they are. If they are a news presenter or tv personality working for one of the networks then they need to have an employment contract in place. If its an actor/actress then we need last 2 years financials. The only thing is that most of these make...

Has the canberra market picked up or is it still struggling?

yep forgot that - I think they do physios as well don't they?

Not included unfortunately.

whats your occupation?

No special treatment for brokers - my wife is westpac staff.

I can only go off my experience - I did my own loan last month 90% IO with St George and also another client did their's a few months before. Both we IO from the get go.

Not sure where you are getting this from but my experience is very different. Its basic policy that St George do 90% IO for staff including Westpac staff from the time of submission so no need to do P&I and then change it to IO after settlement.

Most banks have codes on their files - so if you look into the file it sent an alert. Mostly common on celebrity accounts. Other than morally wrong - it would be silly for someone to go into someone else's account.

Its not a secret and its not hard to do. They have different policies and they share assessors so they know each other's policies and rules.

Your boss wont know you have even applied for a loan. Westpac is max 85% for IO and 90% for P&I. Funny thing is that a Westpac employee can get 90% for both IO and P&I with St George.