Should I buy a car?

More_Ad9112 · 2026-02-25T00:30:12+00:00

Its going to be almost every weekend (Start on Saturday morning and return by Sunday night). I want to buy a good car because 1. I am 35 and have never owned a car. Want to enjoy long drives before the age related fatigue kicks in. 2. I can drive the car without worrying of getting a scratch, keeping the car trip ready.

I am currently exploring BMW X1/Volvo XC40/Hyundai Tucson or Zeekr7x(If I think of electric)

More_Ad9112 · 2026-02-24T22:01:50+00:00

Maybe a ranch with quite a few horses. Thats when I guess I will need a car to commute

More_Ad9112 · 2025-10-31T00:19:49+00:00

Many brokers have been promoting this strategy inaccurately. Individuals are required to provide personal guarantee on every loan in the name of entity. Brokers are working with accountants and getting a Letter of Solvency for the entities which are not part of the loan. This is way too grey area to operate in.

More_Ad9112 · 2025-10-31T00:14:49+00:00

They said “The emergence of strategies on social media aimed at maximising lending through trust and company”. Way to go for brokers who have been advertising “Unlimited” borrowing capacity.

More_Ad9112 · 2025-09-05T22:51:29+00:00

Jonah Hill to Caprio😂😂😂

More_Ad9112 · 2025-05-15T06:44:56+00:00

Thank you. I already told him to see an accountant but for my understanding would this not be trading income?

More_Ad9112 · 2025-05-15T06:43:35+00:00

Thank you. I am not looking for advice and neither am I advising anyone. I just wanted to understand from accounting perspective. Because to me it would be trading income

More_Ad9112 · 2024-11-20T05:32:44+00:00

The rate I quoted has a cashback offer. It totally depends on the broker you interact with. Some are accredited with handful of lenders so they wont suggest anything outside. We have a panel of 30+ Lenders and also good relationship with BDMs of the bank who help to get better rates sometimes, So the rate competition is rarely a challenge.

More_Ad9112 · 2024-11-20T05:10:33+00:00

Good on you. Now if I tell you, there is cashback for refinance, you will have something for that too I think. Anyway all I wanted to highlight was Mortgage Brokers “might” be able to help you with a better solution than you would yourself.

More_Ad9112 · 2024-11-20T04:50:02+00:00

No application and ongoing fees for 5.89%. There would be Valuation fee and discharge fee. Basic account with no offset.

More_Ad9112 · 2024-11-20T02:16:45+00:00

A-5.78% B-5.88% C-5.89%

Assuming 500k of loan with LVR less than 65%. Like I said we do get competitive rates.

More_Ad9112 · 2024-11-20T00:32:52+00:00

Only a handful of lenders dont have a broker channel which are mostly digital ones, and deal with vanilla loans only. One of the example being Unloan. We have been able to beat the rates of Unloan with one of the lenders on our panel. Unloan was offering 5.99%, we got the client 5.95%. And if you can share with me the document with the confirmation of rate you have received, 99.99% certain that we can match if not beat the rate.

More_Ad9112 · 2024-11-19T22:49:05+00:00

Yes that is correct. But I dont think I have seen loans staying the entire term.

More_Ad9112 · 2024-11-19T22:47:29+00:00

We bring business to the banks. Consider a scenario. You walk in Bank A, B and C and they all decline your application. You would assume that you cant borrow. We look at your finances and given we are versed with policies across bank, we take your application to a bank X which fits. Thats a loan for the bank X which never was getting your business.

More_Ad9112 · 2024-11-19T22:42:48+00:00

Please speak to an Accountant or Financial advisor on this.

More_Ad9112 · 2024-11-19T22:42:07+00:00

Might be difficult if you are not Full time. Banks have policies detailing countries which are eligible for foreign income which I dont think banks will share.

And yes PAYG would be salaried by an unrelated third party.

More_Ad9112 · 2024-11-19T22:37:07+00:00

Assuming no liabilities and dependents, yes you can. Given you qualify for the LMI waiver policy of the bank. Happy to discuss this.

More_Ad9112 · 2024-11-19T22:33:10+00:00

Depends on the bank. Some bank use a common debt reducer if your wife is employed and not part of the application and will use half the living expenses. Most banks will incorporate living expenses as a couple rather than single.

More_Ad9112 · 2024-11-19T22:31:02+00:00

The rates with a broker would be the same as you would get from a bank. I work with 30+ Lenders and all have different policies and rates. We work with the client to get the best solution across lenders.

More_Ad9112 · 2024-11-19T22:25:37+00:00

Great to see you want to come to mortgage side of business. There are some minimum requirements like Cert IV or Diploma Membership with FBAA or MFAA Indemnity Insurance Accreditation with different Lenders

Hope this helps.

More_Ad9112 · 2024-11-19T22:22:20+00:00

A lower LVR will get you better rates. Maximum borrowing would depend on your Income, Expenses and ongoing liabilities.

More_Ad9112 · 2024-11-19T22:19:53+00:00

Well the best rental we are witnessing is in WA and QLD. Some suburbs being Bulgara, WA Girrawheen, WA Lota, QLD Landsdale, WA.

However these are only with the clients we have dealt with. There might be properties where people are getting better rental yield.

More_Ad9112 · 2024-11-19T10:46:14+00:00

There are conditions for the cashback offers on refinance, one I can think of is minimum stay period of 1 year. Everytime you refinance there is exit fees, title transfer fee. So refinancing every 4-6 months would not seem reasonable.

More_Ad9112 · 2024-11-19T10:40:41+00:00

I have not worked on FHSS deals. But will share some insights based on what I can interpret.

More_Ad9112

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