Page 48 - The-Mortgage-Maximiser-Method-by-Thomas-Ilinkovski
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This is a document issued by the insurance company that states the details
ŽĨ ƚŚĞ ƉŽůŝĐLJŚŽůĚĞƌ͕ ƉƌŽƉĞƌƚLJ ŝŶƐƵƌĞĚ͕ ƚŚĞ ƐƵŵ ŽĨ ƚŚĞ ŝŶƐƵƌĂŶĐĞ ĂŶĚ ƚŚĞ
ůĞŶĚĞƌ ǁŚŽ ŚĂƐ ƚŚĞ ŵŽƌƚŐĂŐĞ ŽǀĞƌ ƚŚĞ ƉƌŽƉĞƌƚLJ͘ dŚĞ ŝŶƐƵƌĂŶĐĞ ĐŽŵƉĂŶLJ ǁŝůů
ŐĞŶĞƌĂůůLJ ĂƐŬ LJŽƵ ƚŽ ƐƵƉƉůLJ ŝŶĨŽƌŵĂƟŽŶ ŽŶ ƚŚĞ ƉƌŽƉĞƌƚLJ ƐƵĐŚ ĂƐ͗
ϭ͘ ƐƟŵĂƚĞĚ ĐŽƐƚ ƚŽ ƌĞďƵŝůĚ ƚŚĞ ŚŽŵĞ͘
Ϯ͘ zĞĂƌ ŝŶ ǁŚŝĐŚ ƚŚĞ ďƵŝůĚŝŶŐ ǁĂƐ ĐŽŶƐƚƌƵĐƚĞĚ͘
ϯ͘ tĂůů ŵĂƚĞƌŝĂůƐ ;ďƌŝĐŬ͕ ǁĞĂƚŚĞƌďŽĂƌĚ ĂŶĚ ƐŽ ŽŶͿ͘
ϰ͘ ZŽŽĨ ŵĂƚĞƌŝĂůƐ ;ƟůĞƐ͕ ŝƌŽŶ͕ ĐŽŶĐƌĞƚĞ ĞƚĐ͘Ϳ͘
ϱ͘ ƌĞĂ ŽĨ ŚŽƵƐĞ ;ϭϴϬ ƐƋƵĂƌĞ ŵĞƚƌĞƐ͕ ĨŽƌ ĞdžĂŵƉůĞͿ͘
ϲ͘ /ŶƚĞƌĞƐƚĞĚ ƉĂƌƚLJ ;ƚŚĞ ůĞŶĚĞƌ͖ tĞƐƚƉĂĐ͕ dĞĂĐŚĞƌƐ DƵƚƵĂů ĂŶŬ ĞƚĐͿ͘
ϳ͘ EƵŵďĞƌ ŽĨ ďĞĚƌŽŽŵƐ͘
What if I do not buy the property?
Many insurance companies understand that a buyer might not go through
ǁŝƚŚ ƚŚĞ ƉƵƌĐŚĂƐĞ ŽĨ Ă ƉƌŽƉĞƌƚLJ ĂŌĞƌ ƚŚĞ ƐŝŐŶŝŶŐ ŽĨ ƚŚĞ ŽŶƚƌĂĐƚ ŽĨ ^ĂůĞ͘
dŚĞƌĞĨŽƌĞ͕ ŵŽƐƚ ŝŶƐƵƌĂŶĐĞ ĐŽŵƉĂŶŝĞƐ ǁŝůů ƌĞĨƵŶĚ ĂŶLJ ĨĞĞƐ ƉĂŝĚ Žƌ ĚŽ ŶŽƚ ƐƚĂƌƚ
ĐŚĂƌŐŝŶŐ ƵŶƟů ƐĞƩůĞŵĞŶƚ ŚĂƐ ďĞĞŶ ĐŽŵƉůĞƚĞĚ͘ WůĞĂƐĞ ĂƐŬ LJŽƵƌ ŝŶƐƵƌĂŶĐĞ
ĐŽŵƉĂŶLJ ĨŽƌ ƚŚĞŝƌ ƚĞƌŵƐ ĂŶĚ ĐŽŶĚŝƟŽŶƐ͘
ƵŝůĚŝŶŐ ŝŶƐƵƌĂŶĐĞ ĨŽƌ Ă ƵŶŝƚͬƚŽǁŶŚŽƵƐĞͬĚƵƉůĞdž
dŚĞƌĞ ŝƐ ŐĞŶĞƌĂůůLJ ŶŽ ƌĞƋƵŝƌĞŵĞŶƚ ĨŽƌ Ă ďƵLJĞƌ ƚŽ ĚŝƌĞĐƚůLJ ŝŶƐƵƌĞ Ă ƉƌŽƉĞƌƚLJ
ƚŚĂƚ ŝƐ Ă ƐƚƌĂƚĂ ƟƚůĞ ƵŶŝƚ͕ ƚŽǁŶŚŽƵƐĞ Žƌ ǀŝůůĂ͘
tŝƚŚ ƚŚĞƐĞ ƚLJƉĞƐ ŽĨ ĚǁĞůůŝŶŐƐ͕ ƚŚĞ ďƵŝůĚŝŶŐ ŝŶƐƵƌĂŶĐĞ ŝƐ ŽƌŐĂŶŝƐĞĚ ďLJ ƚŚĞ ŽĚLJ
ŽƌƉŽƌĂƚĞ ƐŽ LJŽƵ ĐĂŶ ŽďƚĂŝŶ Ă ĞƌƟĮĐĂƚĞ ŽĨ ƵƌƌĞŶĐLJ ĨƌŽŵ ƚŚĞŵ͘ KǁŶĞƌƐ ƉĂLJ
for their property insurance via Body Corporate fees.
sĂůƵĂƟŽŶ
Contract of Sale
Pest Inspection
Pre-Approval Making an Offer/ Conditional Building Insurance Valuation Building and LMI Approval Unconditional Exchange Mortgage Pre-Settlement
of Contracts
Documents
Inspection
Phase
01 02 03 04 05 06 07 08 09 10 11
dŚĞ ƌĞĂƐŽŶ ƚŚĂƚ ŚŽŵĞ ůŽĂŶƐ ŚĂǀĞ ŵŽƌĞ ĐŽŵƉĞƟƟǀĞ ƌĂƚĞƐ ƚŚĂŶ ĐƌĞĚŝƚ ĐĂƌĚƐ
Žƌ ƉĞƌƐŽŶĂů ůŽĂŶ ŝŶƚĞƌĞƐƚ ƌĂƚĞƐ ŝƐ ƚŚĂƚ ůĞŶĚŝŶŐ ĨŽƌ ƉƌŽƉĞƌƚLJ ŝƐ ůŽǁ ƌŝƐŬ͘ ^ŚŽƵůĚ
ƉƌŽďůĞŵƐ ĂƌŝƐĞ͕ ƚŚĞ ůĞŶĚĞƌ ĐĂŶ ƐĞůů ƚŚĞ ƉƌŽƉĞƌƚLJ ƚŽ ƌĞĐŽǀĞƌ ƚŚĞ ŵŽŶĞLJ ŽǁĞĚ͘
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