Lennox Member 2,586 Member For: 11y 9m 4d Gender: Male Location: Perth Posted 27/05/15 08:48 AM Share Posted 27/05/15 08:48 AM Nope, I'm possibly (more than likely) joining the Navy as an electronic tech submariner. If not I'm moving to Melbourne regardless.I know a guy who did this. He came out weird man. All about conspiracy theories and sh*t.. Link to comment Share on other sites More sharing options...
Tocchi Sandtrap Motorsport Donating Members 2,055 Member For: 16y 5d Gender: Male Location: Perth Posted 27/05/15 09:20 AM Share Posted 27/05/15 09:20 AM Bugger.In other news, upcoming fire sale on BA/BF engine mod stuff!Lol not that it matters to you, your $9k of mods would cover it all anyways Link to comment Share on other sites More sharing options...
Ciaran Thooperrrrrrr Donating Members 2,768 Member For: 13y 4m 28d Gender: Male Location: NOR, Western Australia Posted 27/05/15 10:43 AM Share Posted 27/05/15 10:43 AM How soon is soon? Say, 7-8 months soon?I'll be doing what Marco said and chucking it on the mortgage I think haha. Will not get anything except a BF F6 (prefer that model body kit over the older model single front bar style).There's one on carsales now, a white one for $22,000 (insane still for a 2008 sedan but fpvsoworthit) which I'd love to check out and get, but I'd be just teasing myself as I won't be able to get one until the house is done and we remortgage :/ Link to comment Share on other sites More sharing options...
AzMahoony Hench, but no longer shredded or tanned. Member 3,343 Member For: 17y 8m 2d Gender: Male Location: Canning Vale, W.A Posted 27/05/15 10:01 PM Share Posted 27/05/15 10:01 PM Is that the ol' 'swimming pool/alfresco extension' into a car re-mortgage trick? Or have the banks wised up to this interest saver?I ended up getting a seperate car loan, its in the 9% area as I was told you couldn't tack it onto the house anymore. Mind you I didnt really pursue the topic either (the old boy was the one who mentioned it to me) Link to comment Share on other sites More sharing options...
PTR_NITRO_FG Donating Members 3,214 Member For: 11y 6m 5d Gender: Male Location: NOR Perth Posted 27/05/15 10:17 PM Share Posted 27/05/15 10:17 PM Isn't it better to have seperate loans anyway?When I did my stint at Paceway Mitsubishi....loan guy told me one of his closing thingsIf we get you a 6-8% interest rate for 50k car....then you pay x amount additional...but if you whack it onto the mortgage your paying an extra 50k on top of your $250,000-500,000 loan and even at 4% your total interest paid back would be more. Well it was similar to the above; but he did the math better on a piece of paper and had me believing lol 1 Link to comment Share on other sites More sharing options...
Ciaran Thooperrrrrrr Donating Members 2,768 Member For: 13y 4m 28d Gender: Male Location: NOR, Western Australia Posted 27/05/15 11:11 PM Share Posted 27/05/15 11:11 PM We would pay back less having separate loans, but the repayments each week/month are significantly less when its all merged into 1 so you won't notice it as much. Link to comment Share on other sites More sharing options...
masda74 To Loud Gold Donating Members 4,112 Member For: 13y Gender: Male Location: WA, Perth Posted 28/05/15 12:04 AM Share Posted 28/05/15 12:04 AM exactly what was said above, however we had extra payments in our mortgage and we just redrew on that and paid for the car in cash.We did not refinance our mortgage to increase it as there was no need.We then spent the next 2 and a half years making extra repayments to pay that off as quick as possible and still have our buffer in case either of us lost our jobs.The banks have been wising up in regards to refinancing and it is not as easy as it use to be. Link to comment Share on other sites More sharing options...
The Kerb Warrior Donating Members 612 Member For: 12y 2m 4d Gender: Male Location: Perth, Western Australia Posted 28/05/15 12:41 AM Share Posted 28/05/15 12:41 AM Maybe groups of us just need to rent awesome apartments in South Perth and live together with like 4 per apartment, pay bugger all in rent, live like kings in our fully sik bachelor pads, and spend all our monies on super fast turbo upgrades and ride round in groups all the time. 1 Link to comment Share on other sites More sharing options...
XtRmn8 570Nm @1800rpm Donating Members 2,441 Member For: 21y 2m 8d Gender: Male Location: Perth, WA Posted 28/05/15 12:51 AM Share Posted 28/05/15 12:51 AM Adding extra depreciating debt onto your home loan which does not affect the value of the property is not a good long term investment. You want equity in your property and need equity in order to add to the loan. The bank wont just let you add to the mortgage that easily. If your mortage on the property is over 80% of the actual value you will be slugged with LMI (Lenders Mortgage Insurance) when and if you remortgage. Also bank valuations are about 10-15% below realistic market value so staying below the 80% can be tricky unless you originally only borrowed well under 80% or the value of the property boomed (which is highly unlikely in todays market).About 8 years ago in the property boom people were cleaning up on property. Build a house and walk away with an easy 100-150k profit after finishing it off and flogging it to some poor sucker. I got mates who built and sold 6+ houses in the boom time. Unfortunately I did not do as many These days though property values only appreciate about 5-7% a year max. We are going through the process atm and the place we are in now will not return even a third of the last place we sold 4 years ago.So in short, yes it seems like a good idea but in reality I'd keep the car seperate and pay it off asap. 1 Link to comment Share on other sites More sharing options...
.Stripes. All stock bar the k&n panel filter Silver Donating Members 8,061 Member For: 12y 8m 17d Gender: Male Location: Perth Posted 28/05/15 04:46 AM Share Posted 28/05/15 04:46 AM Maybe groups of us just need to rent awesome apartments in South Perth and live together with like 4 per apartment, pay bugger all in rent, live like kings in our fully sik bachelor pads, and spend all our monies on super fast turbo upgrades and ride round in groups all the time. Hahaha, sounds like a mean idea! Link to comment Share on other sites More sharing options...
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