Search found 7 matches

by HarleyDude
Mon Feb 12, 2018 6:13 pm
Forum: Home Loan Forum
Topic: What should be in a gift letter?
Replies: 4
Views: 9638

Re: What should be in a gift letter?

Thanks for the replies. I'll make a note of these and ask my parents to prepare a similar letter and contact you guys. Bye.
by HarleyDude
Mon Feb 12, 2018 2:33 pm
Forum: Home Loan Forum
Topic: What should be in a gift letter?
Replies: 4
Views: 9638

Re: What should be in a gift letter?

Thanks for the template. Also, could you please highlight what are the basic things that I shouldn’t miss in that letter?
by HarleyDude
Mon Feb 12, 2018 11:54 am
Forum: Home Loan Forum
Topic: What should be in a gift letter?
Replies: 4
Views: 9638

What should be in a gift letter?

I’m planning to buy a property in Hawthorne, Brisbane. I just have $10,000 with me and have heard that I should have at least 5% of the property price. So I spoke with my parents about it and they agreed to give me a required deposit. I just want to know the basics of the gift as a deposit. A sample...
by HarleyDude
Sun May 22, 2016 5:05 pm
Forum: Commercial Loan Forum
Topic: What's a cap rate and how do I work one out?
Replies: 2
Views: 16177

Re: What's a cap rate and how do I work one out?

I didn't realise that we can get commercial investment loans. Thanks for the info, Otto. The cap rate formula still seems a bit complicated to me since I've just started looking into all this. Will research more and look at your website for now before calling in to discuss my plans.
by HarleyDude
Sun May 22, 2016 9:09 am
Forum: Commercial Loan Forum
Topic: What's a cap rate and how do I work one out?
Replies: 2
Views: 16177

What's a cap rate and how do I work one out?

I was looking at a few articles about commercial property investment when I came upon 'cap rate' and that it can be a good guide in assessing a commercial property. It however failed to properly explain it properly, probably because I read it from a magazine article which targeted professional inves...
by HarleyDude
Mon Apr 11, 2016 12:21 pm
Forum: Home Loan Forum
Topic: How does an income guarantee home loan work?
Replies: 2
Views: 4236

Re: How does an income guarantee home loan work?

Yes, it's actually a bummer that only a handful of lenders work with an income guarantee. Thanks for the simple explanation. I'll call your office in the coming days to discuss my situation. Bye.
by HarleyDude
Sun Apr 10, 2016 8:02 pm
Forum: Home Loan Forum
Topic: How does an income guarantee home loan work?
Replies: 2
Views: 4236

How does an income guarantee home loan work?

Hi, my income doesn't seem to be enough for the banks to provide me with the home loan deal that I actually want so I'm considering going with an income guarantee home loan. I have a guarantor who is ready to help but I'm not too sure about the policies and how they actually work. Can anyone explain...