As mentioned the credit enquiries can be easily explained. I would be asking how much commission the BA is making off the new development (if...
Yep Terry. Quite severe when someone may only have $10k in HECS/HELP left and have $700/m in servicing. At least with eligibility tests for...
Below is from CommBroker. In the example it wouldn't matter if the rental property was geared to the eyeballs or unencumbered. HELP is payed on...
Nope. It may not be $110k all up as 80% of rental used. But same applies, negative gearing irrelevant, unfortunately, to the servicing of the HELP...
CBA will have HELP debt at 8% of $110k, or almost $750 per mth which is quite a drag on borrowing capacity. Rental income added on for HELP. All...
If you can save $6k per month, it would only take 4 mths to save the remaining 10% and avoid LMI. Also be able to borrow in the first place....
Definitely. That is just what they are saying. It is a bit worse than that. Some IT problems combined with the strong demand for the 2 year fixed...
This is true. As has been mentioned, online lenders have been around for a while now. Yet only in the last 2 years has the number of loans...
Must say I don't use Westpac much and haven't been to a lender session with them post APRA so I am not sure. Also haven't heard much about them...
Had heard CBA were travelling at around 10% increase per annum for investor loans. But given size of their loan book, still increasing in number...
LMI policy generally remains unchanged when specific lenders increase or decrease their maximum LVR policy. Essentially unrelated.
Be wary in doing this, as circumstances will invariably change in this situation. This not to see that it straight out shouldn't be done....
Just remember your deposit was used to purchase a portion of your property (which you still own)...so those funds are no longer owned by...
Thought all done and dusted! No missing money, just re-financed with less of a deposit, so more would have to be borrowed all else being equal....
8% overall yield sounds high for a portfolio averaging over $450k in value. Lender calculators will only allow 80% max of rental income anyway. On...
Customer has puts down $300k for a $1m property (70% LVR). Using most savings. Two months later, unhappy customer wants to re-finance to another...
A few people have arrived at $30k in an offset, which means no more interest paid whilst sitting there. I suspect the two securities, increase...
But that is the thing...instead of the new lender wanting $108k to pay out the other (which is the lenders money now, not yours) they only wanted...
No, you have paid $108k and are looking at re-structuring with only $78k down. So if you want to keep $108k down you won't be paying interest on...
Originally IP1 had $192k over $240k. 88% of $325k is $286k - That is $94k more than the original loan of P1. For IP2, it involves a $240k loan...
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