Recent content by TJD

godette, You need to read the terms and conditions of the various companies. I know its not what you want to do but it has to be done. what I have found is that although EBM has a much higher $ cover it does not cover you for flood damage, whereas other providers may provide some form of...

Thanks again for everyones contribution regards TJD

Thanks Brady, I have purchase two IP in the last two weeks. So i actually need two loans. Im thinking maybe this is his plan to ask for further discounting once i apply for the second loan?

Spoke to my bank today and without divulging the "CBA quote" the bank said I could get a loan with an interest rate in the 4.8-4.9% first year all fees are free

It is 80%, so I've put down 20% deposit

This is the explanation i was given with regards to the rate i was given. The rate is the CBA?s standard variable rate. There is eligible discounting of 0.50% under their package, see attached. Annual fee would apply. That said, don?t make it all about rate or you won?t achieve your goal...

Thanks guys for your help. Going to get a second opinion. Will have to ask ask lawyer to extend settlement though to get my finances sorted Regards Tj

Thanks Mick! I have pushed back on him and he said It not about chasing the best rate. I need to look at the loan structure so that the bank will release equity down the track to purchase another IP. He reckons he might be able to get me 0.50% more.

Hi All, My mortgage broker has come back to me to say he thinks i should go with CBA at 5.90% on a loan of $168000 for an IP. This is my first loan so I'm new to the whole lending thing. Am I being robbed....... A friend of mine has 4 IP with another bank earns half my salary, has LMI...

I went to the Marsden park Greenway release this weekend. They will be giving out priority numbers on the 23rd of Nov. They project that the land will only be registered in 12 months time. Only 50 lots for the first release. All 50 lots have already been packaged so they are giving out the...