A sanity metric we use with new mentees and peops entering or buying into a biz
take the total cost of running the business each mth and divide...
margate QLd I assume
if its your average 130 k build, my guess would be 70 to 75 % of that will come back in val
great example that shows that what we "want " and can be is often driven by fear of loss of what we have.
if we cant let go of what we have out...
the issue would appear not the income value per se, but the perceived conflicts in earning it.
A cut to upfront and trail will not solve that...
Most second tier, and "all" 3rd tier lenders dont have their own DUA, they dont do enough volume to justify it or systems in place
as long as you can finance it, choose and move
cant help wth the 95 +capped
if its a clean security this time round the let QBE or Genworth make the call.
if its not, then I really dont know...
depends on the balance of the current resources
If you have 2 mill in owned PPOR and little income............... mismatch there, even pre...
If peops are being real with what they are telling their banks and brokers in regards to expenses, then a 5 year IO loan with 25 PI at todays...
No point worrying ?
Whats done is done ?
typically this is best submitted as a 92 % + lmi............ versus 95 % minus the lmi premium because you will pay a much larger premium for no...
typically, but not always............
a poor in house credit score
more than 2 dwellings being built
Little or no gen savings...
I guess the question is why there is an 80 % limit ?
Usually it is security related or foreign income related
yes, but not cheap lmi
will make real debt recycling hard.
But then, ANZ sucked in that domain anyway.
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