Hi,
Have an IP with Westpac, looking at getting a PPOR loan with Westpac too through the bank, but avoiding X collateralisation.
If there is only one security under the security section of the loan, is that ill need to do to ensure it is not x collateralised?? Anything else i need to do??
In the loan doc it says if you sign, you give Wxpac the right to apply money in any of your accounts towards amounts payable by you.
- is this their all money clause?
- will this only be applicable if i default? because i am comfortable with that.
- or can they just willynilly shift their money around???
Thanks guys!
Have an IP with Westpac, looking at getting a PPOR loan with Westpac too through the bank, but avoiding X collateralisation.
If there is only one security under the security section of the loan, is that ill need to do to ensure it is not x collateralised?? Anything else i need to do??
In the loan doc it says if you sign, you give Wxpac the right to apply money in any of your accounts towards amounts payable by you.
- is this their all money clause?
- will this only be applicable if i default? because i am comfortable with that.
- or can they just willynilly shift their money around???
Thanks guys!