Car loans can be a killer to servicing. Probably not quite as bad as novated car leases though - they can really destroy it!
Agree with Redom...
Welcome aboard :-)
I just go all in on VDHG personally - less stuffing around. Now I've just have to get out of the habit of checking how it's performing.
Personally - I wouldn’t bother with units or townhouses in Canberra. Generally speaking (and from my own experience) the growth isn’t...
I used airtasker the other day. The guy was super nice and done a great job - we had a few things in common and our families ended up hanging out...
As the others have said - the original broker retains the trail while the loan account is still active.
However - if you purchase again or need...
No - there's no specific timeframe. Whatever works for the borrower.
Pete's on the money.
You really don't want to mess around with getting reapproval at this time of the year.
Extending the term by 3 years isn't going to have a massive impact on your overall borrowing capacity - unless the loan amount is huge and your...
I wouldn’t bother with online calcs - especially for an IP purchase.
There’s so many variables at play when calculating max borrowing - your...
We only ever arrange preapprovals with lenders that credit assess the application.
That way - we know that the only outstanding documents are a...
That’s pretty much it.
Just set up a second loan split for the amount going towards the investment.
At tax time - let your accountant...
From my perspective as a broker - a lack of equity used to be the biggest hurdle for those growing a portfolio.
These days - it’s servicing...
Agree with Pete
I wouldn’t be rushing to convert it to a higher rate product.
PK - as mentioned above. If you’re comfortable with using email/phone, etc then you can choose any broker in the country.
Welcome aboard Pete :-)
That’s likely going to cause some issues - this is outside normal policy. However - having a history working in the same role previously will...
It's not uncommon for brokers to have a deferred fee if you close down the loan within the first two years. That's due to the lender clawing back...
A few weeks isn't uncommon. We always aim to submit them early on in the process.
Unfortunately - discharging mortgages isn't a huge priority of...
It's just one banks calculator :-)
Throw those numbers into pepper or Liberty's calc and it will be a different story.
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