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Thanks Terry! Looks like I have to save more money :mad:

Hi Peter and other Folks Do you think its a good idea to buy in an auction with the following 1) Get loan pre approved 2) 95% LVR + LMI capitalization agreed in the pre approved loan 3) Buy 2-5% less than the current market price in that area 4) Have 5-10K extra just in case the...

Noted! How much of a price difference do you suggest is acceptable from the reports?

Thanks Mate! Any tips of how not to overpay :D

Wow. Thats scary. Thanks for the tip!

Thanks Mick! Are the RP data estimates accurate in Sydney? The property i'm looking at is estimated at 641K but the agent is looking at 700k. What do you think? Would I be overpaying? :D

Thanks for the tips Terry!

Thanks rajneths! I'm looking at a property where the RP data shows an estimate of 641K. This property is renovated and the agent wants 700K. What do you suggest? I have PMed you for your agent contact details

Peter, First of all thank you for your report that your assistant has sent me. Really appreciate your help and service in helping members of this forum What advice you would give for my current situation ? a) Agents are not fine with giving time or subject to valuation which means I would...

Thanks Montoya! I'm looking at 95% + 100% LMI and 97% wouldn't suffice for me :)

Thanks Jamie! My credit rating is good with good stable income. Ya I wouldn't want to risk with going unconditional on my purchase. Any help from experts like you would be appreciated.

Thanks Mick! Ya the Sydney market is so hot that the agents are not willing to wait for 3 days with the offer.

Thats how it has been going. Had my offered accepted but agent didn't agree to subject to valuation clause and I had to drop off with the risk I was in with the 95% LVR

Thanks Terry! I was looking at bankwest as they do get LMI capitalised into the loan. Looking at someone who could help me get the bank valuation done before I sign the contract as my situation is 95% LVR + sellers market which means I would loose 0.25% deposit every time bank values...

Hi Folks, I would need help from a mortgage agent who could help me with a 95% LVR loan in Sydney. My current situation * Looking to buy 700K PPOR property * Have 5% genuine savings deposit * Have savings for stamp duty for 700K * Good stable income * Need 100% LMI capitalized on the...