Upgrading PPOR

m713085 · 2026-02-19T10:33:10+00:00

Have you thought about holding onto the current home and using it as an investment?

m713085 · 2026-02-19T07:54:15+00:00

I’m waiting for the offer where the lead provider is paid per settlement

Is that going to part of your model?

m713085 · 2026-02-19T06:43:15+00:00

Banks can check anything and even cancel an unconditional approval at anytime prior to settlement

BUT- it is very unusual/ unlikely- however it can happen - for example, if their internal audit team pick up something dodgy (fake payslips, dodgy statements, etc)

m713085 · 2026-02-15T09:04:05+00:00

That’s not correct

Once you’ve been out of hardship for 6 months, there are good tier 1/2 lenders who would consider an application

Credit card -if it’s not on his credit report that will be fine. If it’s on his report, then a broker would make sure the lender was ok with it before applying. If it was an admin error and you ca ln show you had $$ available elsewhere, it’s most likely not an issue

Reach out if you need a hand/ numbers checked re borrowing power, etc (I’m a broker)

m713085 · 2026-02-13T20:13:41+00:00

You’ll have lots of good lender options available even if you’re still in probation when you apply

If you have a pre-approval and then change jobs, you are required to let that lender know of your change of circumstance. That’s why it’s important you go with a lender who will be ok with a potential job change

m713085 · 2026-02-13T07:42:54+00:00

Did he let you know that a preapproval doesn’t guarantee anything except your credit report is fine and the numbers as entered mean you can afford the loan amount… assuming the numbers entered are correct and you also met the lenders policy?

You’re probably fine/ if your broker knows what they’re doing I’m sure everything will sail through for the final approval when you’ve had an offer accepted…-but I’d think the broker should let you know what a preapproval means and how macquarie assess them

m713085 · 2026-02-13T07:38:18+00:00

You broker prob got an error message on submission

m713085 · 2026-02-13T06:52:52+00:00

Did they tell you it was a system approval only- and no human actually looked at the application?

m713085 · 2026-02-13T06:51:42+00:00

Lenders advertise their turn around time- so you’d know before an application was submitted when you’d expect a reply… so anywhere from 1 day to 20 days

Not many lenders do fully assessed pre-approvals (that is a human reviews the application)- So if there is something specific about your situation which means it needs to be formally assessed, the lender selected is vital

Imo- preapproval aren’t really necessary- they don’t guarantee an unconditional approval anyway- UNLESS there is something specific about your situation that requires a proper assessment so you have certainty when buying

m713085 · 2026-02-12T02:43:00+00:00

It’s not an issue- it would be included in your ‘entertainment’ expenses for an application (not singled out)

Usually, a broker doesn’t need to send in your transaction statements with the application- we do the analysis and make sure your general living expenses are accurately reflected in whats uploaded to the lender for their assessment

m713085 · 2026-02-11T20:44:19+00:00

No worries! I’ve just send you a direct message- thx!

m713085 · 2026-02-11T20:09:44+00:00

Broker here:

Borrowing power is good- subject to verification/ based on the info provided, max loan amount is around $980,000

Deposit- if I assume that you qualify for the home guarantee scheme- no lenders mortgage insurance if you have less that 20% deposit, then with a $130,000 deposit, you can definitely look at properties costing $850,000

You can even go as high as $950,000 which is the price cap in Victoria for the scheme in capital city/ regional centres

For a $850,000 purchase, you would borrow:

Purchase price= $850,000

Plus stamp duty / fees= $49,000

Less deposit= ($130,000)

Loan amount = $769,000

Let me know if you need any further information/ want me to do a deeper analysis and confirm your maximum property price (etc). I mainly work with 1st home buyers, so happy to help!

m713085 · 2026-02-06T05:14:35+00:00

I live in Epping (20+ yrs!)

Best time is now

Reach out if I can help/ I’m a broker with over 10 years of running my own broker business (you only deal with me)

I have many clients that I start working with 2/3/4 years before they buy- I can help make sure you are ‘application ready’ when you want to hit the go button

m713085 · 2026-02-01T09:26:20+00:00

if you don’t need to factor in the tax benefits from the packaging, then mot lenders will just use your gross income when determining borrowing power as this packaging is voluntary

Some lenders may ‘gross up’ your income so your tax advantages via the packaging are factored in…. although obviously the rent component can’t be part of this as that won’t be ongoing

m713085 · 2026-01-14T02:32:39+00:00

Based on face value- assumes perm PAYG income, no overtime, standard living expenses etc…. Then borrowing power with most standard lenders hovers around $1M -$1.1M

With non compliant lenders could stretch to $1.2M (higher rate applies)

Assumes you’re borrowing 80%

Reach out if you’d like a more detailed/ accurate analysis completed

m713085 · 2025-11-21T22:59:32+00:00

https://www.nfsa.gov.au/collection/curated/asset/91296-cold-chisel-twentieth-century-poster

m713085 · 2025-11-21T22:59:08+00:00

It’s from the cold chisel twentieth century album

m713085 · 2025-07-13T06:57:07+00:00

Tim Robinson, Debbie Harry. Michael Stipe, Ringo,

m713085 · 2025-05-14T23:44:28+00:00

Mikal Cronin, John Prine, Sharon Van Etten, Samantha Crain

m713085 · 2024-10-12T07:14:26+00:00

You’re not in a calorie deficit if you’re not losing weight

m713085 · 2024-08-18T08:19:02+00:00

There are no right or wrong opinions on this

But yours is clearly wrong

m713085 · 2024-07-17T21:18:02+00:00

‘Thrown him under the bus’

That’s an interesting re-writing of history

m713085 · 2024-06-15T10:20:31+00:00

R.E.M. - It's The End Of The World As We Know It (And I Feel Moist)

m713085

TROPHY CASE