At 93% that is pretty much unbeatable, especially with no LMI. Well done.
Don't let your 'employee discount' stop you from looking at other options. The biggest benefit most big 4 bank employees enjoy is they usually...
You need to think about what other needs for cash you might have in the future. Don't use all of the redraw. Keep some as a emergency fund for...
Before you start spending money on courses, take a long hard look at the economics of flipping. When you consider the buying and selling costs...
Try an archery shop. They have game trail cameras which meet that description. I imagine gun shops would also have them as well. There's two...
With $240k income your borrowing capacity should be a lot more than $650k. Either you've got an obscene amount of credit card & personal debt or...
That specific example occurred when we were still submitting loan applications via fax. You do prove the point though. Total reliance on one...
I had some tenants who owned a cafe. An employee was stealing money. The police had their business account locked whilst investigaing, the bank...
If you split the loan, you can clearly allocate each split for different purposes. You get a separate statement for each split which will tell...
We've actually had a significant relaxation of the rules in the last few years: * The refinance 1% assessment rate buffer. * Many lenders no...
I also recal that there were lenders that didn't really need genuine savings on the 100% loan. At the same time in some states the first home...
My favorite product was the ANZ PAYG lo doc. If the LVR was 60%, you simply delcared your income. No verification required, didn't need to be...
Hardly newsworthy. People downgrading have been buying with cash forever. My parents and older relatives have done it. My fifth property was...
Lots of lenders will go off the most recent tax return, but if you're relying on the current financial 2024 year's return, you need to wait until...
To answer questions 1 & 2, yes you can do this. Questions 3 & 4, I'm not a tax advisor. The interest on the original loans will probably retain...
If you can get a loan approved with cross collateralising with a mainstream lender, that same lender will approve a loan without cross...
You'd either be asked for the 2023 PAYG summaries showing figures consistent with they YTD figures on the payslips, or you'd be asked for tax...
I'm aware of people who had to move out before the mandatory period for various reasons. They were up front about it with the State Revenue...
Like I said, unless you tell them. From my understanding the FHB requirements are you much live in the property for a specificed period. I'm not...
If you're renting it for cash, how would they know unless you told them?
Separate names with a comma.