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I want to get some $s out of an IP up to 90% in order to purchase another IP. Spoke to call centre guy and 90% seems to be no problem - I already paid LMI upon initial financing of current IP and he said only LMI needs to be paid on the top up $s. I have paid some mortgage off and...

I am not applying right now - I want to file this under 'research'. So the usual scenario is 1. Find property 2. Offer made/accepted subject to finance 3. Provide financials to lender 4. Pray the credit person didn't have a fight with spouse that day... Yes you can get pre-approval...

Is a property that is located in a business zoning but can be used for residential/office purposes considered strictly commercial? I ask because there are a number of buildings in Sth. Melb. that are located in bus. zone but have only a small area on the ground floor set up as office. ie 3...

Many holiday rental units in QLD have seemingly high BC fees for ordinary units (I am not implying they are cheaper in other states). Say $8k (not including council rates) on say $350k asking prices. Many of the blocks (or 'estates') look in very average repair. When I ask "where has the...

Old loan was Lo Doc - exit costs: Deferred est fee $8550 Legals $300 New loan thru bank: Registration fees $196 Legals $330 LMI $6781.50 So are they ALL expenses and tax deductible now? OR some are and others are used to reduce capital gains when sold. Many Thanks Tom

Is it an unfortunate title? My understanding is that items on this Register will include just about everything but Property. Why? The article in the Money/Credit section of the Melbourne Herald Sun on Mon 24 May says: "...the kind of property to be included in the registry will be almost...

My MB is ROLF but I think he is on holidays. Refinanced with WP Sep 2009 - Rocket Investment - 30yr PI (had to do PI for reasons that are irrelevant for this post). The 16 Nov and 16 Dec repaymenst were at 5.1% (not fixed rate) which was the rate when refinanced. I thought they should...

Please don't throw this post out - I'll only do it once :) I have had such incredibly good property finance advice and mortgage success (thanks Rolf) that I thought I'd try my luck regarding business finance. Does anyone know of a high quality FORUM pertaining to business finance. Most...

Most common will suffice. Thanks

Very very rough in South East Qld. When looking at apts for sale I want to be able to calculate if the asking price is way too much OR great value compared to development costs. I am not talking about value compared to comparative apts for sale or recently sold elsewhere. Please understand...

2 mths. ago the lender's valuation was struggling to reach 450K for a property I just bought and now I have received a council valuation of: Site value: 188K Improved value: 351K Thats a 90K or 20% discrepency. Can I challenge council - practically speaking I mean as I am not going to...

I have a new loan whose wording in the REDRAW paragraph leaves me very uncomfortable. It says: "Any reborrowing is subject to our approval and conditions may apply." I intend to virtually pay off the loan then redraw it all for business purposes. If I cannot redraw for whatever reason my...

Have 50K cash saved up. Prop is 450K. Self employed with last 2 year official income of 40K and 60K; future income lot higher (officially and not dreaming) so can 100% afford to pay loan. Own business (4 years, 5 staff in total) that can feed property with accommodation guests up to $30K...