Adjusted Numbers - Still shows its worth a look.
Sorry about the format, cut and paste from excel.
Growth Cashflow
PPOR 400,000 800,000 800,000
EFM 20.0% -160,000 -3,733
Debt 80.0% -320,000 -640,000 -560,000 7.0% -3,267
Equity 80,000 160,000...
" Reduce the upfront and ongoing costs of buying a home by up to 25% or more
Reduce your monthly repayments by up to 25% or more
Buy up to a 25% or more valuable home"
You are probably right about the 20%, saw all the 25% numbers and didn't look at the fine print.
Andy P
Case Study
Lets say your PPOR was bought for $400k and is now worth $800k. And you have maxed out you equity
You now have an 80% LVR including your LOC.
PPOR 800
Mortgage 640
Repayments $3,733 pm (Assume 7%)
IP's 1,200...
Newbee post.
Has anyone used this Shared Equity product?
http://www.efm.info/
I understnad it could in a bull market be very expensive, but if the market is moving sideways it could certainly improve your cashflow.
I would be interested in understand how the mechanics work eg to...