A Little Background. Generally lenders are required to add a 3% rate buffer to new and existing loans when assessing serviceability. It's a risk...
Hi All got a weird scenario and would appreciate recommendations on how to structure loans and ownership to get the best possible outcome. There...
Hi Team, with my current income, I'm about $600 per month away or 110k loan reduction from switching 3 loans from a 3rd tier lender to CBA with...
Where a person sets up a company to hold property, and where they have no non-deductible debt, they may wish to lend extra money to the company so...
There is a lot of misinformation out there about using trusts to get ‘unlimited serviceability’. Here is my take as a lawyer, tax adviser and...
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Many borrows like to think they will get a loan approval just because they have equity. But equity in itself does not impact serviceability for...
Hi all, I have a few questions regarding loan and finance options to retain a number of properties after separation. We have 1 PPOR and 3 IPs....
AFG to enable brokers to recommend loans with 1% buffer Looks like a few lenders are looking at opportunities to capture some of the mortgage...
Some lenders factor in interest deductions or ‘negative gearing’ when working out serviceability. It might therefore be important to distinguish...
Resimac has announced they are reducing their assessment rate from 3% to 2% on all of their loan products, other lenders may soon follow suit.
Trying to find ways to take advantage of both the first home buyers stamp duty exemption in Victoria and also use future rental income when...
Hi all Wondering how much time I would have if I wanted to rely on my FY2022 tax return to help service a loan? ie. if I buy a property in late...
Firstly, a huge thank you to the brains trust here. We would not have been in the position we are in, starting with nothing 5 years ago if it...
Hi! Not entirely sure how to describe this situation. So i have an IO under joint ownership with my husband. Now, I want to buy an IO solely on...
Hi all, Playing with some serviceability calculations and rather than estimating floor rates and rental shading, curious if anyone happens to...
It is largely irrelevant what the LVR is for a loan when working out serviceability. Someone wanting to borrow $1mil at 50% LVR will be treated...
NAB has announced that they are reducing the 'shading' for rental income on their servicing calculators from 20% to 10% of gross income. Expenses...
These past three months I've been hit with some unexpected medical bills (several issues happening at once coincidentally). I don't foresee these...
I know with the current rate rises that serviceability is dropping quite substantially but even before that we are struggling a bit with...
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