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Hey, I don't think you have kept up with my posts. Just for you I will reupdate, you probably didn't read one of the posts (it's normal considering the number of posts there are in this thread.) I HAVE DECIDED NOT TO BUY the property but instead buy another one. The other property isn't 720k...

I'm not trolling... why would i waste $400 on B&P reports and other stuff just to troll you guys, you guys haven't done anything bad to me why would I do anything bad to you? :confused:

I really liked that video. Also I see you have made your first post!! congrats! :D

I don't think CBA does a credit check since I have been with them for life. They can see all my details and what i spend my money on and what day and time of the week i put pizza... other lenders would lend me the money but not at the rate cba is offering... also cba is going to reduce my...

No they won't... I applied for a loan / refinance a while back with state custodian or something look like a trojan guys head black and red company logo they won't even lend me 500k. They are too scared. Also they all of them do a credit check and I heard that's not good coz they log all...

If you read any of my other threads you'd realise I have a winning formula of: catchy provocative title that makes the average forum user click on it, only to be hit by ridiculous yet need to be answered questions = win. I didn't end up buying the house so $400 down the drain on b&p reports...

:( fine i will leave this forum... :( sorry i have enraged you guys. :(

you could be right, i don't know what brokers get and what banker mobile lenders get. but i understand what you are saying... just like how in Australia: alot of teachers are bad because... if they were good they wouldn't be teachers coz pay is not that high. so they must have failed and...

I didn't c/p every single post just the main ones and the 2 examples. i gave it to them to read while i lined up did other banking at the branch and then got back to them after. from 1.1mil to 900k ... well that's your fault for not buying in a safer place. if you buy in an area close to...

the mobile banker said they use to work as a broker and would always do secure separate each assets, they said they managed lots of investments for developers. they use to think all banks are muppets when it came to cross col but after a few years working for the bank. they dont see a big issue...

No. it's regarding how to pro-rata/proportion. i just got home ... super tired. don't bother looking for the thread. i haven't made it yet and i'm not in a rush since i dont need to know until settlement (ages away 90 day settlement...) however i do want to discuss it with others on...

I printed out everything and the two examples on this thread and showed it to the CBA mobile banker, they read it and said those situations wouldn't happen. and since i'm not doing a very high LVR i wouldn't be in those situations. even if house prices drops i would still be above 80% LVR for...

yeah i like the logic of small lenders pretty much use large banks to do all the safety checks. i guess their logic is if it's good enough for the big bank it's good enough for us. save heaps on analyzing the risk and pass the savings on to us borrowers. :D

please dont judge all brokers based on the actions of one broker. i never said he was a loan shark. :( just saying their service is not for me. i do everything myself if i can. :o

I've made an appointment with CBA mobile lender tomorrow. I'm gonna ask them to set it up like how others have suggested (with 3 loans). I’ll let you guys know how it goes. They say in war it’s ok to make mistakes as long as you don’t make the same one as the person in front of you. Also the...

Yes, I have done the numbers, multiple scenarios, and using conservative figures. eg. one scenario interest rate goes up 2% etc. all good. (acceptable risks) i'm very proficient with excel. if anyone wants excel advice please ask me. :) I can still change it to not cross col. i haven't...

I really appreciate everyone's advise but I would also like to remind everyone that there are things only I can see. like people here only see let's say 50% of the story so based on the facts i have provided, they would choose option A for example. However I see 100% of the picture and I think...

This is what the Mobile banker said: "CBA would be still be holding both property’s as security, if they were held separately or together. Banks don’t use the security type to determine a loan type. For example you can have an Investment Loan secured against an Owner Occupied residence...

What does this mean? That I can't get the proceeds? When someone sells their house doesn't the money go into their account? Do you mean, even though the money goes into their account they can't do anything with it it's "locked" in because another house is using that "money" as security...

Have you run your "tax" side of this past your accountant ? I don't have an accountant. I do my own taxes using etax. Can I deduct the $100k or not? if so I just put it in the correct section. is the way i ago about this going to prevent me from deducting it? I have run the tax side with CBA...