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Hi BR, Either way, I still reckon it's pretty bad! Mark

BR, The lender gets 35% see: They can borrow up to half the value of their properties and share up to 35 per cent of capital gains with the lender. That's the key word I think - with. That is, the lender gets 35%. Personally I think this loan is worse than the first one. People with...

Yeah and when I pick up the Fin and read about banks making record profits year in, year out.... my heart is breaking guys.... Banks 'aren't doing well' my ar.se. Mark

Oh my... This was on the front page of their website: The original idea behind the EFM loan was to create a better alignment of interests between the borrower and lender: If you do well, and your property's value increases, the lender can do well(my bold) So the lender in traditional...

Hi Rolf, Doesn't surprise me in the slightest that that is your answer *wink*. I'm glad that we have 'conservative' brokers like you about. But maybe you and I both are a bit old fashioned my friend. Mark

Rolf, Do you see that as a good thing or a bad thing? Would you recommend this product based on that view? Because although I can't say for sure, but I think this is exactly what Richard is doing. Mark

Definitely agree with you on this point Rolf. In my view, if only Richard had been willing to front up and answer questions inthe first place, this thread would have been a fraction of the size it is now and probably would be in the archives as of now. Mark

I agree with Lawrence. There's nothing wrong in my view with asking Richard - who spammed this product on the forum - to answer some questions. It's not like he is an innocent bystander who was set upon as a scapegoat. He chose to post the information, I'm just wondering why he refuses to even...

Hi Peter, I like your example. But as it suggests, this loan has a very narrow band of 'workability' (is that even a word?). Mark

Hi Lawrence, Answers to: 1. 20% is supplied by Rismark. 2. From this site: http://w4.stern.nyu.edu/news/news.cfm?doc_id=4889 "A venture between Rismark International and Macquarie Bank aims to raise $1 billion from superannuation funds to create a pool of money to invest in equity finance...

Hi Richard, I just had a great idea - HOW ABOUT YOU ANSWER THE QUESTIONS THAT HAVE BEEN POSTED IN THIS THREAD. Mark

Tony, Even then it doesn't 'work', because you're going nowhere. No CG = bad for vendor. Who wants to pay interest on a property that isn't going up in value? Mark

Fair enough mate! But there is still the issue of giving away borrowed funds that interest has to be paid on. For someone like Flash who I take it wants to invest in property, taking this loan, then refinancing to pay out the super fund is only going to put him behind that eightball. Mark

Hi Tony, I feel that your example *may* be flawed, in that it is my understanding that you can refinance an existing loan to the value of the loan, but you can only access equity up to 80% of the value of the property minus the loan the vendor currently has against the property. So...

Hi Flash, This loan doesn't fit anyone's situation for any amount of time (except the super fund - in my opinion). As Tony's example shows, you are still worse off. Believe me mate, the super fund would have looked at this every which way - they will have all their bases covered to make sure...

Hi Lawrence, Once again we see eye to eye. Richard claims he's getting a lot of queries from people who want the loan... I wonder if he's showing these people a spreadsheet showing them what is going to happen to them when they decide to sell their home.... I work in financial planning and let...

Hi Lawrence, I'm beginning to think that the promoters (or promoter, rather) of the product know that people on here are too savvy and have the ability to pick this to pieces, so they're hoping that this will all just go away nice and quietly because they don't have satisfactory answers. I...

Hi Keith, Like you and I and most home owners, if these renters were willing to save some money and get a deposit and buy a house, then they too can own without being forced to give up 40% of the CG. Personally, I've looked at this product every which way but Sunday and can't see one single...

Hi Richard, I have one quick, simple question for you which will take you five minutes to answer: Can you please explain a. Who this product is aimed at? and b. How this product is beneficial to the target market? Thanks. Mark P.S. Although we haven't spoken directly, I did email you...

Tony, I would suggest you just go out and get yourself something you can afford. That's what I did - in fact I purposely looked at properties up to a maximum of 80% of what I could borrow, just to give myself some breathing room. For me, it's all about thinking ahead and having plenty of...