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I've seen a bit of a mix - Teller to banker (in short period), then left to become broker... spent 1 year as broker only to quit to study nursing - Broker to banker back to broker - Broker to banker then to draftsman - Business banker to broker - Mobile banker to broker Out...

Thank you for sharing :) Was meant to go away with 'ultimate success' had a hockey grand final to play in that weekend so couldn't go... to make it worse we lost the game :( My accountant still does pretty well with my expenses for work, vehicle, phone, laptop etc... obviously all things...

This is the same as me. Every bad story has been due to a portion being x-coll, doesnt even have to be big... Just a small amount not set up right and its like a nasty chain reaction. Don't get me wrong I haven't seen 1 banker yet that I know personally set up loans in what I deem to be...

Peter well aware of the scenario of this happening when loans are x-Coll which is why I advise clients of best way to structure. But are you saying you have personally seen it happen when the loans weren't crossed as well? Which lender?

Would interest me to hear... Anyone know of someone personally who has had their loans 'pulled' from a major bank? I understand the risk mitigating for keeping under certain limits, mainly for LMI purposes... But for pure risk mitigating for fear of bank calling loans...

Not trying to convince anyone to go one way or another, providing some information that others might not know. Everyone knows what a good broker can provide there are many on this forum who contribute very regularly. But it's not too often that they will tell you what a banker can do better...

80% of gross income...

You're not trying to refinance a whole heap of debt at once are you? Can be an issue because then all new debt should be assessed at a higher rate, which makes servicing tight. But this can be mitigated by speaking with the appropriate people ;)

Existing debt isn't loaded with a higher assessment rate, existing debt is what the actual repayment amount is. Unless its IO for existing CBA debt as it will calculate the repayments based on the contracted repayments PI. It that what's happening in your case? Yield was good, but wasn't your...

Just because they're a CBA RM doesn't mean they get it right. My client yesterday, he is a paediatrician and also runs a private practice, his wife is a obstetrician. has $700k in borrowings with CBA, just gone throught the process of getting approval for $4M commercial property in the last few...

I disagree with the not going through a bank, this is rubbish. You need to go with someone who you can trust to structure the loans correctly and be honest with you. I personally have had assisted one client grow his portfolio from 1 property to currently owning 5 in two years (51months to...