Attention First Home Buyers!!

[CENTURION]

supply and demand, greedy land owners, the greedy government....that's why.

[Dutchy]

Do they have to borrow thru Homestart? (and hence paying above market % rates?)

[dedja]

The clincher is a year supply of gummi bears if you sign up ...

[CENTURION]

Do they have to borrow thru Homestart? (and hence paying above market % rates?)

yep.

[Dutchy]

Do they have to borrow thru Homestart? (and hence paying above market % rates?)

yep.

There is the catch.

[smac]

Do they have to borrow thru Homestart? (and hence paying above market % rates?)

For such a deal, the market rate is higher. If people know what the deal is then there's no issues, surely?

[CENTURION]

Do they have to borrow thru Homestart? (and hence paying above market % rates?)

yep.

There is the catch.

it's not a catch, I stated this fact in my first post. It's very simple, go through with it & get a house that will make you money, or stay renting, and make someone else rich.

[CENTURION]

the good thing about Homestart is that your repayments don't exceed 25% of your income (so I am led to believe). They serve a purpose.

[Dutchy]

Do they have to borrow thru Homestart? (and hence paying above market % rates?)

For such a deal, the market rate is higher. If people know what the deal is then there's no issues, surely?

They have no option, why not have the same deal but the option of seeking their own financier?

[CENTURION]

Do they have to borrow thru Homestart? (and hence paying above market % rates?)

For such a deal, the market rate is higher. If people know what the deal is then there's no issues, surely?

They have no option, why not have the same deal but the option of seeking their own financier?

dunno, Michael has organised it with Homestart. I will ask him. might have something to do with no Lenders Mortgage Insurance with Homestart.

[smac]

Do they have to borrow thru Homestart? (and hence paying above market % rates?)

For such a deal, the market rate is higher. If people know what the deal is then there's no issues, surely?

They have no option, why not have the same deal but the option of seeking their own financier?

Would your mob do that deal? It's undesirable lending, giving one more option than was on the table previously.

[CENTURION]

it's probably because you can borrow nearly 100% with Homestart.

[Psyber]

why would I have a meeting with Michael Hickinbotham!!

Yes it was obvious, I just wanted it clear to all.
There may be benefits to some in this scheme, but there are risks too, and the presentation needs to be balanced, not enthusiastic in one direction.

[CENTURION]

you speak in depth with them, not me. I am just passing it on, so people know.

[Ron Burgundy]

Good luck with the investment, Centurion.

Its potentially a gd money spinner for you by the looks of it, but

People buying are at risk of going into a negitive equity position if the market takes a while to turn. If they cant service the loan before property starts to climb, they will be in the shitehouse, but for you and the builder, who really cares.

If the buyer thinks he can handle it, and the lender things the same, then good for you!

[Johno6]

ATTENTION FIRST HOME BUYERS

DONT DO IT.. STAY AT HOME WITH MUM!!

[Ron Burgundy]

Does she put out Johno?

[dedja]

Looks fine to me ... enables those on the edges to get into home ownership where perhaps they wouln't be able to otherwise.

As with any investment or financial decision, you have to weigh up the pros and cons and make sure that it works for you.

Centurion has been up front to disclose his interests in this so I don't see anything wrong here at all.

[Johno6]

Does she put out Johno?

I have 3 sisters and a brother....does that answer your questions.

$100 a week....for you

[Ron Burgundy]

Thanks mate, your too kind...Will the rent count as genuine savings