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Hi Gabs Welcome 247 hard worker or a geometric progression ? Ratebusters is a reseller of Firstmac Product Previous discussions have shown the product is probably ok on the offset front...........probably My initial response to you would be in the form of 2 questions Do you...

sorry thats just me :) I tend not to get excited about products per se ta rolf

The offset side looks ok at this point ta rolf

Hi Perp I was not aware of that ruling, and in general strongly advise clients seek their own specific advice, since even simple things, like capitalised interest and associated strcutures are ok one week, and not the next. My clients' accountant suggests that many rulings cant be applied...

Or as our folks from the USA say You can take that to the bank :)................ Or in this case, to some one with a banking licence, which can also be a CU or a BS ta rolf

as an aside, traditionally I personally have not liked securitised product because it all carried lmi ( thus sucking up LMI exposure for no good purpose) and to some extent had external risks that did not become apparent till the GFC hit. Ask RHG and Macq bank brokers. Then there used to...

Because of the complexity of this product youd want to get a PBR from the ATO to see if they see it as a discrete offset account for the purposes of separating personal or tax paid funds from borrowings, or if they see it as a redraw style/ LOC style arrangement. If the ATO sees it as a...

Hi Trebor The CBA MISA isnt perfect, in that it is not a transaction account as well. But for the purposes of this exercise and ATO compliance it does actually work well. ta rolf

Tis close to what could be construed as misleading product disclosure, and Im surprised they havent been pulled up on it. Having said that, they are not alone, many of the "mortgages or runners up of the year" use comparisonswhich are designed to mislead from the start. I will leave my rant...

So strange that I reckon you might have a fun time explaining it to the friendly auditor in some circumstances. While those circumstances may or may not apply to you, its worth elaborating a little for those that see this as "just another fridge" coz its probably not. A typical user of an...

I reckon its exactly what it says - redraw, but dont use the product so cant comment for sure. have a bo peep at what Richard taylor had to say. RAMS have similar weasely words which could look like they are designed to confuse some borowers. ta rolf

Not picking on anyone one or any lender, but most of these industry awards tend to exclude lenders that dont do some form of advertising with them. Best home loan for what sort of investor and on what basis I would ask ? I have always found it amusing with ratings sites that they have an...

Why rate busters ? ta rolf

Firstmac doesnt have any money of its own to lend per se It comes from various areas, including the Australian Gov. You are right............ always do your home work ! In your case, you will benefit greatly in the short term, either be good economic prediction or luck. I dont know ur...

perth Investor You are right, for most people this is arranging the deck chairs on the titanic. The point of the cheapest rate product is ? Sorry to detract from the discussion but rate is one of the lower rated issues for most people that are looking for an investment proposition. There is...