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its just..... the contract looked scary. Its a legal contract. Maybe I could scan it, black out the important bits and see what you guys think

hmmm im starting to have 2nd thoughts again. Maybe this mob arn't so bad.

I havent been able to get him on the phone yet. I'm wandering though if he'll say that I should wait and that its too early to buy, too risky. The thing is... I'm ok with going to LVR of 83% I have $30 K buffer I can call upon. I'd only need to cover a bit of a shortfall. I hope he doesnt try...

Yeah thats what she was saying. But $450 sounds a bit excessive dont you think?

yeah ......

:( lunch break is over

cool, ok i'll get em back tomorrow um, it was handy....... near work, was curious to see if I could get a loan, if I had enough equity. Anyway....... I am going to ring Lex now :)

This morning when i saw the mb for the 2nd time i started having 2nd thoughts about going with them. At the end when she gave me the contract that I had to sign binding me to her company. I said I will have to go away and have a think about this. I did not sign anything * Alarm bells ringing...

hey Rolf im looking at the old listing site Woodall Street, Dianella old listing site Is there a way I can find out who were the selling agents for the properties listed. From memory 6 or 12 months ago I remember looking at one of these units in Woodall street but I dont recall it ever...

Wow this 1 bedroom Woodall Street Dianella only came online 3 or 4 days ago and is already under offer!! I'm curious as to what offer they put in. I'll wait a while then ring and ask the agent

This example is based on 60% fixed at 6.99% Looks a lot better if its 100% SV 100% SV Loan - $237, 500 Repayments Monthly $1094 Rental Income Monthly $800 $294 Monthly shortfall I have used a conservative amount of $200 a week rental income for a $220,000 property.

Hi Kristine Its an IO Loan I attached the spreadsheet. Its 60% Fixed at 6.99% and 40% SV at 5.53% Maybe it would be better to go with 100% SV. I dunno.

yep, i know. just looking at the basic repayment versus rental income difference at this point in time. :)

Does this look right!!!!!! How can there be such a large amount of shortfall. This is what the mb worked it out as. Negative cashflow $491 a month. The most I would be willing to go to would be $200 a month negative cashflow Loan - $237, 500 Repayments Monthly $ 1291 Rental Income...

Hi Rolf What do you mean by exxy? Also mb said if I wanted a 95% loan with CBA, Westpac, NAB, SGB I had to be an existing client. So thats why those banks were ruled out. There were 2 options, the P & N and ANZ. I have my ppor with ANZ but ANZ dont capitalize the LMI interest and...

mum and dad helped me with a nice big deposit :D I've been saving hard too :)

thanks :D Yes I cant wait to get back on here and let you guys know whats happening.

Had an appointment with a mortgage broker tonight. :) I am quite excited by it all!! Found out that yes I have got enough equity to pull out of my ppor. I dont have to use my savings to help with the deposit. Wooohooo :D She will be emailing me with all the facts and figures tomorrow...