Peter_Tersteeg's Recent Activity
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Peter_Tersteeg liked Lacrim's post in the thread Financial windfall - looking to invest.
PPOR first
19th Apr, 2024 at 4:01 PM -
Peter_Tersteeg replied to the thread What is better for BC interest only or p and I?.
The theory with 'paying off your PPOR faster' for better serviceability is generally misunderstood and a bit misleading. I'll try to...
19th Apr, 2024 at 3:41 PM -
Peter_Tersteeg replied to the thread What is better for BC interest only or p and I?.
Non banks that can operate outside of APRA don't necessarily use the regular '3% buffer on actual rate over remaining loan term'...
19th Apr, 2024 at 2:58 PM -
Peter_Tersteeg replied to the thread What is better for BC interest only or p and I?.
Compressing the P&I preiod to 25 years instead of 30 does reduce borrowing capacity by not really that much. 10 years IO with a 20 year...
19th Apr, 2024 at 11:40 AM -
Peter_Tersteeg replied to the thread Thinking of selling after 10 years.
Every time I think about selling something I then think about what I'd replace it with. Then I remember that by selling & replacing...
19th Apr, 2024 at 10:41 AM -
Peter_Tersteeg replied to the thread Complex Loan Structure.
Other than an immediate spouce, you generally can't have two parties on the loan with only one on the title. If you are on the title...
18th Apr, 2024 at 12:37 PM -
Peter_Tersteeg replied to the thread How to check borrowing capacity at multiple banks at once?.
Firstly the online calculators are not even remotely accurate. The questions they ask don't even match their lending policies. These...
17th Apr, 2024 at 6:12 PM -
Peter_Tersteeg replied to the thread 6.14% CBA 90% LVR first home owners. Good deal?.
If you have a good use for the extra 10% then perhaps it is worthwhile, but if you don't need it, there's no point in paying LMI. You...
16th Apr, 2024 at 7:42 PM -
Peter_Tersteeg replied to the thread 6.14% CBA 90% LVR first home owners. Good deal?.
At a 90% LVR 6.14% is quite competitive.
16th Apr, 2024 at 6:53 PM -
Peter_Tersteeg replied to the thread CBA rates coming down.
This has been my experience as well. Not only with the CBA, but other lenders too. I have a fixed rate at Westpac expiring in a few...
16th Apr, 2024 at 12:18 PM -
Peter_Tersteeg replied to the thread How to become Mortgage Broker?.
Initially you need a certificate IV in finance broking. It's not a big deal, do the course that gets you the piece of paper as quickly...
15th Apr, 2024 at 2:22 PM -
Peter_Tersteeg replied to the thread CBA rates coming down.
If it's an investment loan that's qutie a good deal. If it's owner occupier then it's not.
15th Apr, 2024 at 11:41 AM -
Peter_Tersteeg replied to the thread Some advertised unsecured loan rates are lower than third tier lenders mortgage rates.
I don't claim to be an expert on personal loans, but unsecured personal loans generally aren't cheaper than home loans. The exception...
15th Apr, 2024 at 11:38 AM -
Peter_Tersteeg replied to the thread which home loan to convert to offset ?.
First offset non-deductible debt, then offset loans with the highest interest rate.
14th Apr, 2024 at 9:46 PM
