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jb_money
jb_money
12 May 2011

Borrowing power and overtime

Borrowing power and overtime

The lending policies for vary significantly between the major…

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865
jb_money
May 12, 2011 9:51 am
shape
shape
6 May 2011

First Home Mortgage Application - too many credit inquiries?

First Home Mortgage Application - too many credit inquiries?
1, 2

I normally dont like to self-promote.. But since this is ur 2nd post. Email me at Michael@shapehomeloans.com.au - and i will be able to help. Regards Michael

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4399
shape
May 06, 2011 5:12 pm
shape
travelbug
travelbug
2 May 2011

investment property managers

investment property managers

If you want info on Investment properties look at www.somersoft.com Excellent info there. Lots to read and you could post the question there. You will get lots of response.

3
752
travelbug
May 02, 2011 7:09 pm
12thofNever
12thofNever
30 April 2011

building new home insurance..

building new home insurance..

Hi TC Welcome We r just like you so many ???? Our builder provided a copy of a BSA Certificate of Insurance to the value of the contract along with a copy of Policy…

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719
12thofNever
Apr 30, 2011 10:02 pm
Crow
Crow
19 April 2011

salary sacrifice

salary sacrifice

salary sacrifice = A portion of your pays goes straight into your mortgage repayment before it get's taxed. Hence reducing your taxable income and…

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1904
Crow
Apr 19, 2011 10:42 pm
shape
shape
19 April 2011

CGT Questions

CGT Questions

True, Maybe shoot them an email? im not sure if ATO responses to email or not tho.... Regards Michael

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871
shape
Apr 19, 2011 12:43 pm
shape
nettie.b
nettie.b
14 April 2011

Mortgage Brokers

Mortgage Brokers

I know this is an old thread but wanted to share my experience with a broker. We live in the Lake Macquarie/Central Coast NSW area. We have land and a construction loan…

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nettie.b
Apr 14, 2011 11:01 pm
nettie.b
rhom
rhom
11 April 2011

Offset vs Redraw

Offset vs Redraw
1, 2

offset accounts are nice, higher interest on your money than theyd normally get (savings vs mortgage rates), offset account interest is no longer taxable (it being offset…

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4034
rhom
Apr 11, 2011 1:16 pm
adherentfollower
adherentfollower
10 April 2011

Did i make the right decision?

Did i make the right decision?

I think you're right, i just must have misunderstood. Thanks for that

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771
adherentfollower
Apr 10, 2011 11:42 am
Mclaren
Mclaren
7 April 2011

Best Steps Toward our Goal of Home Ownership?

Best Steps Toward our Goal of Home Ownership?

Sorry to read your sad story and the ramifications that you are still living with because of your husband's caring nature. When we were looking to borrow some money last…

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894
Mclaren
Apr 07, 2011 5:19 pm
Mclaren
jb_money
jb_money
7 April 2011

Genuine savings and amount able to borrow questions

Genuine savings and amount able to borrow questions

You should be fine to qualify for a loan the way you are now. Firstly genuine…

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1999
jb_money
Apr 07, 2011 10:29 am
shape
shape
4 April 2011

Yellow Brick Road

Yellow Brick Road

If you get Mark Borris as your broker then you know your in safe hands ahahh :) Our firm have dealt with them once before for a major commercial deal, i find them to be…

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857
shape
Apr 04, 2011 1:28 am
shape
blueblueblue
blueblueblue
3 April 2011

Capital gains tax

Capital gains tax
1, 2

What if it was built 8 years ago? Will they still expect to see the receipts?

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5362
blueblueblue
Apr 03, 2011 1:14 pm
James_smith
James_smith
2 April 2011

Debt Consolidation via Home loan Topup

Debt Consolidation via Home loan Topup

Hi jb_money, Thanks for your great insight. Refinancing is an option if Bankwest doesnt want to topup the loan as it doesnt make sense for me to pay high rate personal…

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1340
James_smith
Apr 02, 2011 12:45 pm
Marty McDonald
Marty McDonald
1 April 2011

Loan declined due to HOUSE being high risk?

Loan declined due to HOUSE being high risk?

Must be a pretty crappy house :) Onto the next one. I suggest you go with a lender that allows upfront valuation next time if you plan to buy a similar style property. That…

5
1984
Marty McDonald
Apr 01, 2011 9:55 pm
dragonflychic
dragonflychic
30 March 2011

investment

investment

We had similar equity in our home and decided to build a new home whilst keeping the old one to rent out - we figured if we ever wanted an investment property we would…

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722
dragonflychic
Mar 30, 2011 3:58 pm
shape
shape
30 March 2011

getting a homeloan

getting a homeloan

wakeboardandy - IF you look at your CR file, it sometimes states the amount your cc was initially applied for " Dec 2010 | HSBC | unsecured CC | amount $10,000 " - as…

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shape
Mar 30, 2011 10:29 am
shape
jb_money
jb_money
25 March 2011

Financing development of 2 townhouses

Financing development of 2 townhouses

Glad I could help, good luck with your project!

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1410
jb_money
Mar 25, 2011 6:52 pm
shape
shape
20 March 2011

Super Rate

Super Rate

Thanks, revive your email- my team will work on the file tomorrow. Regards Michael.

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931
shape
Mar 20, 2011 8:25 pm
shape
Izzehz
Izzehz
17 March 2011

Recommend a broker - Frankston area

Recommend a broker - Frankston area

Thanks, I will give her a call later. I know we won't have any trouble getting a loan, just want to try and get a better deal. Thanks again!

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602
Izzehz
Mar 17, 2011 12:41 pm
aza0
aza0
15 March 2011

Anyone used private investors?

Anyone used private investors?

Well with the new laws that banks have to abide by, I have no chance of getting a loan. I am now doing a 2yr Traineeship with Telstra with a stay at home partner who is…

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1290
aza0
Mar 15, 2011 5:33 pm
Rizzo
Rizzo
9 March 2011

Tiling and painting affecting loan

Tiling and painting affecting loan

Thanks dragonflychic and crawley. I will definitely be talking to the bank manager and perhaps to another bank! Unfortunately I did find the…

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1297
Rizzo
Mar 09, 2011 10:29 am
Moonahgirl
Moonahgirl
7 March 2011

NAB Advertising Technique

NAB Advertising Technique

I know this is 2 weeks old now - but REALLY!? This is a just markting tool it changes nothing - a survey of customers showed bank customers were the most loyal to a brand…

9
1029
Moonahgirl
Mar 07, 2011 1:58 pm
shape
shape
3 March 2011

Do we stand a chance?

Do we stand a chance?

Yes advantage is slightly different, NAB has 2 co-brands they sell under. Similar to Qantas having Jetstar- different target audience. Regards Michael

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shape
Mar 03, 2011 12:41 pm
shape
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926
shape
Mar 02, 2011 9:41 am
shape
zeena
zeena
2 March 2011

Building Valuation has come back less

Building Valuation has come back less

Thanks guys for your posts- sorry its taken me soo long to reply. Our situation stands as this, we're still $20,000 short. But since CBA are now offering 95% LVR, we…

4
1211
zeena
Mar 02, 2011 8:57 am
Helyn
Helyn
1 March 2011

Siwtching lines of credit.

Siwtching lines of credit.

None so blind as will not see. None so deaf as will not hear. Jeremiah 5:21 (paraphrase) Some things never change ::wornout:: As I have stated several times on this forum, I…

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1116
Helyn
Mar 01, 2011 8:57 am
Helyn
mapcalla
mapcalla
28 February 2011

mortgage house

mortgage house

not sure as yet.... we saw graham to discuss our options... he was very very helpful. We have to save our deposit and when we have nearly done that, we can call him…

4
733
mapcalla
Feb 28, 2011 9:50 pm
Eskay40
Eskay40
28 February 2011

Tax on an investment property

Tax on an investment property

Hi Murphy11, Also with regards to the Depreciation, you don't just depreciate the building. Get a real Quantity Surveyor in there to do a "depreciation schedule". They…

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1074
Eskay40
Feb 28, 2011 9:03 am
Eskay40
shape
shape
27 February 2011

Regarding unconditional approval

Regarding unconditional approval

Welcome Ravi, What do you mean by "indian component?" But either way, the LMI provider does not accept every "pay type" - ie Maternity pay ( only 50% considered) But…

1
768
shape
Feb 27, 2011 10:14 pm
shape
mak_
mak_
24 February 2011

Home Loan Deposit & LMI

Home Loan Deposit & LMI

Yeah because the valuation on the investment came back less(which made the re-financing and depost percentages change) and the LMI people didn't wan't to give the…

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mak_
Feb 24, 2011 8:30 am
mak_
rajan_g4
rajan_g4
22 February 2011

Converting home loan -- 90% to 85%

Converting home loan -- 90% to 85%

Thanks lunchtime. yeah i guess thats the best option, especially when I dont exactly know what the site cost would be, land settles in mid april, maybe would need to use…

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1206
rajan_g4
Feb 22, 2011 11:13 pm
rajan_g4
shape
shape
21 February 2011

Only 5% deposit...

Only 5% deposit...

Hi rajan_g4 -we meet again old friend....:) Regards Michael

8
1959
shape
Feb 21, 2011 9:42 pm
shape
magikalcrab
magikalcrab
21 February 2011

Finance for build?

Finance for build?

Thanks Arabella, I'm definatley going to have a chat to one some day. I just like to have a bit of knowledge before talking to the "pros" so I don't get taken for a ride!

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magikalcrab
Feb 21, 2011 5:35 pm
shape
shape
21 February 2011

buying a land... and build soon...

buying a land... and build soon...

Welcome kornjen, applying for consutruction loan: 1. Speak to a mortgage broker or the bank to work out how much you can borrow/ service 2. Find the land you like- make…

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1503
shape
Feb 21, 2011 3:25 pm
shape
shape
shape
17 February 2011

Finances for Co Owner build?

Finances for Co Owner build?

Also note BrendanF - Owners build can run into a lot of trouble in terms of finance and budget....highly not suggested unless you need to.

6
705
shape
Feb 17, 2011 7:17 pm
shape
Domizm
Domizm
15 February 2011

Land Tax Penalty - Advice please!!

Land Tax Penalty - Advice please!!

Definetly not stamp duty, paid that as well. We are paying the developers land tax for the year 2011, he was the owner still on 31/12/2012 howver as we missed settlement…

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1117
Domizm
Feb 15, 2011 11:39 am
rajan_g4
rajan_g4
15 February 2011

3yr Special Economiser with Comm Bank

3yr Special Economiser with Comm Bank

Ohh yeah, they have the same loan with lower int rates. There are a few differences, but eventually I ll be saving $300 if I can successfully switch over to NAB from this…

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1057
rajan_g4
Feb 15, 2011 8:02 am
rajan_g4
shape
shape
13 February 2011

creative lending

creative lending

In terms of borrowing, your situation is not bad; so don't be too negative about it :) If your happy to go with a small bank ( ie Citibank, ING...) then this is something…

8
837
shape
Feb 13, 2011 3:26 pm
shape
shape
shape
13 February 2011

Bank valuations

Bank valuations

Do the banks usually do a valuation of your house once it has been completed? I just finshed building my new house and the bank has sent me the…

6
1831
shape
Feb 13, 2011 2:17 pm
shape
free will
free will
12 February 2011

SMSF for Investment Property

SMSF for Investment Property

he poster didn't mention where they were going to buy so how do you know it's the top of the market? They only said where they live. and BTW…

6
933
free will
Feb 12, 2011 8:25 am
shape
shape
9 February 2011

ING Constuction/Mortgage Simplifier loan

ING Constuction/Mortgage Simplifier loan

Hi, I normally dont suggest ING for construction ( because of the rate) There are plenty that offer lower rates for construction - Westpac (7.16% - after construction…

5
2918
shape
Feb 09, 2011 9:07 pm
shape
JuJuB
JuJuB
8 February 2011

Buy or rent? Place earnings into a house or savings account?

Buy or rent? Place earnings into a house or savings account?

Im certainly no expert but will go on my experience. I bought a place on a single parents income paying 3X what I paid in rent but after 5 years my mortgage is 1/3 less on…

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1431
JuJuB
Feb 08, 2011 10:10 pm
JuJuB
JuJuB
8 February 2011

Relocation Construction Loan or wait to sell?

Relocation Construction Loan or wait to sell?

DH and I bought a 5 acre block last may with the goal of selling our house to enable us to build our dream home. We havent felt the time is right to sell and would like to…

0
342
JuJuB
Feb 08, 2011 9:29 pm
jb_money
jb_money
7 February 2011

planning to buy a land which will be registered later

planning to buy a land which will be registered later

Just to let you know any loan that is approved now will be subject to re-assessment prior to settlement. This is not just a valuation, but also a full review of your…

3
610
jb_money
Feb 07, 2011 1:55 pm
jb_money
jb_money
7 February 2011

What to lodge to valuer to try and get maximum valuation

What to lodge to valuer to try and get maximum valuation

Very few banks finance partially complete properties. It sounds like you have a lot of equity which can be a big help in these situations. If I were you I would approach…

3
777
jb_money
Feb 07, 2011 1:51 pm
kek
kek
29 January 2011

blank

blank

Funny but true story - my (sometimes daft) parents are in process of buying another home. They search everywhere for the CT for their existing…

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kek
Jan 29, 2011 4:57 pm
kek
shape
shape
26 January 2011

Partially completed house? - Value?

Partially completed house? - Value?

Hiya, The story so far? -Renovating and extending a house. -Got it to lock up ourselves. Financed it with approx $50K of our own money -We…

2
927
shape
Jan 26, 2011 1:52 am
shape
shape
shape
25 January 2011

Does anyone know active homebuyers or AHB liquidation?

Does anyone know active homebuyers or AHB liquidation?

Current Affair can't do anything for you as unfortunately they have gone into liqudation. Your best option is through ASIC and the ombudsman - usually takes them 10…

4
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shape
Jan 25, 2011 5:24 pm
shape
shape
shape
25 January 2011

do you need a deposit for a building loan?

do you need a deposit for a building loan?

hi people just wondering if you need a deposit when applying for a building loan or do they use the fhog. Reason im asking is that my bank has asked…

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shape
Jan 25, 2011 4:36 pm
shape


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