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  1. Y

    Am I crazy to refinance from 6.95% to 9.5% ?

    Ok...I'm convinced...Thanks everyone! I'll keep my 6.95% loan.....thanks maniyak
  2. Y

    Am I crazy to refinance from 6.95% to 9.5% ?

    I can access the equity under my current loan. I just can't capitalise the shortfall.
  3. Y

    Am I crazy to refinance from 6.95% to 9.5% ?

    Hi Rolf, I have been 'advised' by a particular company to do it. I then double checked with 2 different Mortgage Brokers who suggested they could do it for a rate less than 9.5%. I'm starting to think they'll tell me anything to get my business!! However, in the long term I do know my...
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    Am I crazy to refinance from 6.95% to 9.5% ?

    Hi, I'm currently on a fixed ANZ One Direct loan of 6.95% until 2010. I also have an interest only ANZ One Direct Equity Loan at Std Var rate, which was used for deposit and costs on IP#1. I have the following restrictions, only able to make $10k additional payments on my home loan...
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    Why would you buy in a stagnant or falling market?

    Did you mean ING or IMB? I listened to the audio from Victor's presentation, and I'm sure he mentions IMB. Victor's presentation was awesome...wish I was in Sydney to go to his workshop.
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    Refinancing to continually get equity out - is it worth it?

    Thanks guys....I think I see the spreading the growth - say after 4 properties, I refianance to pull a little equity out of each for the deposit on the 5th - this means I'm keeping down the LVRs whilst maintaining the accumulation.
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    Refinancing to continually get equity out - is it worth it?

    I'm not sure how to explain my question....I'll try this way... If you purchase investment property after investment property, each time refinancing your portfolio to 80% to pull the equity out aren't you continually increasing the debt on each property, reducing the equity? So for...
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    which banks offer you the best discount for your home loan ?

    I have a One Direct fixed rate 6.95% mortgage. I am able to draw down on the equity as a separate loan (variable rate) When I refinanced I only looked at the interest rate - I wasn't investing at that time. Now I know more - I'd certainly be looking for a more flexible product in terms of a...
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    Is this a good idea??

    If you move back in within the 6 years, does this have the same effect of not paying CGT?
  10. Y

    Re-financing - does loan structure stay the same?

    Thanks Guys...I presume there is something to stop refiancing to a $100k PPOR mortgage and $350k I/O loan :p ?
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    Re-financing - does loan structure stay the same?

    I have a quick question about re-financing if anyone could assist? Here's the scenario - if I have a PPOR Mortgage of $400k, and an Equity Loan for $50k secured by that PPOR (I/O and tax deductible). The PPOR is valued at $650k. Q1) If I were to re-finance that PPOR Mortgage & Equity...
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    Capitalising interest - risky or not?

    Do you have any handy examples ffc1883_1996?
  13. Y

    my email has been hacked

    We just had this happen to my wife's account last month. It took over 2 weeks of continuously submitting requests to Hotmail to get the account back. They had changed the language to Chinese, set an autoreply vacation message, and hacked her eBay account (and listed a non existent camera!)...
  14. Y

    We rent their PPOR, they rent our PPOR?

    I mean actually move into their place...and they move into our place.....completely above board, paying market rents - nothing illegal.
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    We rent their PPOR, they rent our PPOR?

    If we rented out our PPOR to friends, and then we rented their PPOR all at market rents and completely above board through a REA - is this legally allowed?, are there any other issues?
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    Where Did U Buy Recently?

    Was that in the Koolamara Waters estate CRC? I'm not familiar with any other new estates in FTG.
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    Structure to do some IT Contracting?

    Hi Gordon, I have been working for the same client for several years now and I worked for the previous client for several years. Think of the management company like a consultancy. I get "distributions" from the management company, as does my wife, as do all the other contractors (and...
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    Structure to do some IT Contracting?

    Hi mja, There are a few Contractor Management companies around that will for a fee (around 3%) allow you to submit your timesheet and they do everything else. http://www.cxc.com.au/ http://www.entitysolutions.com.au/ http://www.contract1.com.au/ I use a similar structure to these...
  19. Y

    convert movies to ipod on a Macintosh OSX

    I've used both iSquint to convert existing AVIs to iPod format and Handbrake to convert DVDs to iPod format.
  20. Y

    More new investors on Somersoft lately??

    I'm a relatively new member too. We're at a stage in our lives, with one child 19 months and another due any day , that it's time to take stock and realise that in 10, 15 and 20 years from now we'll still have kids! Which before kids I never really thought about. It was a catalyst to do...
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