Thanks for your views everyone. As I say its a last tick-the-box exercise from the lender and so if you can assist or know of a contact who can...
Not disagreeing with you Terry, jumping through the hoop! Perhaps its to test your resolve, like needing to front up to your dad about your...
Thanks Rolf, interesting take on the ML risk, you may very well be right. For the prerequisites for writing a letter, if an onboarding process...
Thanks both, you are right this requirement is triggered by >$100,000 cash out in their system. This lender has 3.34% (incl. RBA increases), no...
Rolf has it, the letter the lender is looking for is not for income verification (they have that from my records), only for intentions of...
Thanks both, I should clarify that the amount is in the high six figures, and hence I would expect most lenders would have a similar requirement....
Hello everyone I am refinancing my PPOR to (i) take advantage of a lower interest rate and (ii) cash out built up equity to invest in my...
119 Curtin Avenue Cottesloe WA 6011 - House for Sale #127552754 - realestate.com.au 5 bed on 490m2, selling 200k less than 2007, good buying?...
20%?! Interested to see where you read this...
Its on the ATO website, assets must be income producing.
Affordability trend is global and irreversible. If you live in a city, the size of what you can afford will reduce through generations as...
Propertylad, for some additional perspective although our situations are not comparable, I paid $71k in stamp/buying costs this year alone. Stamp...
Thanks Terry. Say Loan 2 was paid down in full from day 1: are you saying the re-draw limit would reduce each month, by the portion of principal...
Nice honest post. Also rare correct spelling and use of segue. Re: stamp duty / sunk costs etc - in my opinion, unless the market is hot hot hot,...
I have a question related to this for split PPOR P&I mortgages. Say an example $1m mortgage is split: Loan 1: 800k limit, P&I, 800k balance Loan...
Auction passed in today, 3 bidders. Slow going, passed in at $1.25m. So Blacky - your range was probably the same as the vendors, nicely done....
I'll go 1.5m. Do you think this house/location will fetch less than the one in the previous round that went for 1.45?
New round of Price is Right - last one went for higher than the guesses but people thought it was about market. Place your bets for tomorrow: 78...
I hope this thread saved PC'ers some of their hard earned money, that was the intent. Yield in shares & yield in property are very different...
Fair points - I suppose human nature is what it is, and therefore the negatives might outweigh the positives. PP
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