mortgage

  1. cmafra

    PPOR into IP1

    Hi SS Gurus, I seek your suggestions on how to structure the mortgage/mortgages on my situation for the best finance and tax outcome. Actual scenario: PPOR - unit with value around 275K , paid in full , no mortgages bought an off the plan apartment for 540k (deposit 54k) , I plan to...
  2. T

    Recommendations for learning about financing options

    Hi Guys, First post and new to everything here so not sure if there is already an existing thread somewhere...but basically I'm trying to get a handle on the financing options that exist, the role of offset accounts, LVI, LMI and all these abbreviations etc. and piece together the pros and...
  3. F

    Go for a Guarantor Home Loan or is it unnecessary?

    I have a general understanding of guarantor home loans and its requirements from what I've read online. One of the advantages that I've read is that you can possibly get better rates via one. If that's true would it make sense to make a property purchase (PPOR) even if I could afford the 20%...
  4. J

    Some points to consider when you refinance

    this is useful if you are looking to refinance: [self promotion URL deleted] I just put my info into the app and I'll save around $50,000 from the way I want to refinance :)
  5. F

    How to avoid paying $300,000 to $1 million dollars of mortgage interests to the bank:

    PRINCIPLES:- 1. The family money should not leave the family and go into financial institutions. 2. Do not let the words of media/culture (controlled by the elites that want u to buy their properties) that take minutes to be spoken to sway you to slave at work for the rest of your life to pay...
  6. D

    Home loan calculator

    Hi all, I'm an Australian web developer and have just recently created a simple home loan calculator: http://www.homecalc.com.au Even though there are a lot of home loan calculators out there, the idea behind this was to have a site which is simple, easy to remember and can perform some...
  7. M

    Bank Cheque Dispursal Fee

    What is the Loan dispursal bank cheque fee? Looking at my statement I already have a Loan Disbursal Fee of $60. Then I find another $100 for the Loan dispursal bank cheque fee. I realise that there is a fee for using bank cheques but $100 seems excessive. The only thing a can reason is...
  8. T

    Best bank for resi construction loan? ANZ or Homeside?

    Hi guys, So I am getting close to purchasing my first IP/duplex development project and a about to go for pre approval. Given my maximum borrowing power is pretty close to the amount I will need during the height of the construction phase, my mortgage broker has suggested it is a good idea...
  9. D

    Finance - New Lender?

    Hi there, My fiance and i bought an apartment last October in NSW with the first home owners grant. We lived in it for six months and have recently leased the property as we have relocated overseas. Early next year, we believe we will be in a good position to buy another property with a...
  10. M

    Bankwest - Value on completion

    Hi, Anyone know if Bankwest will look at doing "value on completion" at the moment. Current mortgage is at 90% and purpose of loan will be for granny flat. I know about 6 months ago this was not looking good but hoping one of the brokers on here may have updated info. Thanks in advance...
  11. M

    Is having 2 mortgages serviceable?

    My partner and I are in our 20s, both working full time and do not have any children and do not plan to have any within the next 5 years. We currently have an IP ($420k loan, interest only) which is negatively geared and are thinking of buying our PPOR within the next year (we are currently...
  12. JohnHenry

    Including the agency fee into the loan or pay separately ?

    Hi People, When I sign up with one of the wealth building agency (JDL Strategies) in getting the Interest Only 95% loan with Bankwest, they put the $8500 fee into the loan so in total I can get $608.500 in total estimate. This IO account has the offset facility to let me re-draw and repaid...
  13. M

    Homeside said NO

    Advice needed please... Applied through a broker for a Homeside mortgage but just got knocked back. Property Value = $540k Deposit = 55k + 7k FHOG. Broker said they knocked it back due to a paid default on my credit file of $360 back in 2005 and will now only do it if I go to LVR of...
  14. M

    Income Spliting and Loan Application

    Hi all, Does income splitting have any effect on the loan application process? Example, I currently split my income with my wife via distributions from a trust. Does this effect the loan calculations and the way lenders assess your loan application as opposed to having a single income...
  15. Munchine

    myHomeCalc iphone app, your thoughts?

    Hi Everyone, I thought you may be interested in an app I have just released on the iPhone. Below is a brief summary, and you can get more details by clicking on www.cajgi.com.au. The app dynamically link in Stamp Duty with your mortgage and calculates LMI, LVR, cost of land, and the Auction...
  16. M

    90% or 95% LVR?

    Hi all My post is on a similar topic to one yesterday, but I didn't want to hijack the thread. I am a first time investor. I have just made a purchase of $330k and I need to decide on my loan details. This is my very first property, i.e. I do not own a PPOR. I am undecided about how much...
  17. K

    How long did it take you pay off your PPOR ?

    The average home loan is often paid off quicker than the normal 25 yr term. How long did it take you pay off your PPOR ? If you upgraded, then guess how long it would have taken to pay off your first one. And if you're still paying it off, then work out how long you think it will take if...
  18. S

    Equity towards an IP

    Hi everyone, I'm sure this subject has been dealt with over and over, but my topic has more than one aspect to it. Let me first describe my situation. In January of this year, I bought my first home for $415,000 and borrowed 80% of that from NAB, while having a deposit of $83,000...
  19. F

    One direct v CBA MAV v State Custodians - jump ship?

    So the MB process spat out a recommendation to apply for a CBA MAV package mortgage, which we dutifuly did. Borrowing 508K against a 635K property purchase (just scraping under the 80%) But now I'm hearing all sorts of bad things about the CBA offset account management and customer...
  20. T

    Broker wanted, any suggestions

    Hi all, I'm looking for a broker who can help me get a mortgage for buying properties. I'm looking to buy properties in my company name, not my personal name. My company is based in Cyprus I live in Sydney/England and New York I'm investing in Port Macquarie, NSW mainly around the...
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