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Hi everyone, I have put together a scenario using one of my properties that is I/O as the example, it is currently in my own name. The loan application I have submitted to derivex is for another property and will be purchased via the HDT. I am considering properties that I hold, and owe money...

Toony hi, I don't think it a silly Q but I also don't see this replacing Interest, note the security is only "good quality" residential property and there is no business loans or commercial loans available. Also as the "Quality of the security goes down then the "term" of the Principle Loan...

derivex and Interest free HomeLoan hi all, well I have been away from this for awhile and it has taken on a life of its own in that time. :) I am surprised at some of the comments and claims without having all the information from a group of people whom I assumed were open minded and had...

Qaz, yeah that is as I envisage it working, they also have the security of the property also to help secure things up I am sure, although in your name they are holding the security. I know this is of value as that is how the banks prop up their loans, and also the "portfolio" can be sold so...

Hey Qaz hi :D I am no expert in this, I have spent time talking to Derivex about it and I have a very basic understanding of it, however equally I have a basic understanding of how Banks raise their money but not all the finer points of banking. My basic understanding is, as long as I know that...

They have told me that they have spent over 12mths developing the Software that enables them to easily and quickly determine what will and won't work within their requirements of "no risk" thus assess if they can lend you the money or not. I understand it is quite complex. They have protected...

No that is not the case, the "outline" on their webpage, as it was explained to me is really for people within the bonds type markets who would understand the mechanisms. They are hopeful of having a "retail" description up on the site within some weeks. There are no balloon payments, from...

Hi, I have just spent 30min talking to Derivex about the loan and how it works and I a getting the proforma for the lawyer and account to read before putting in the loan application. The loan application fee will not be cashed until the "loan has been approved" subject to valuation. If the...

I suspect they are not a bank, but some other sort of financial instrument as they don't appear to be touting for deposits, credit cards etc, so that would mean they don't have a "deposit" with the RBA. Probably just need some sort of financial licence to trade. Hopefully more will come over...

Hi folks, I don't know and am not confessing to know how they get their income. I have just passed on the information that I have managed to get so far. Also it is only a "sales brochure" from my perspective and I will not be signing on to anything until the terms of the contract have been...

Hi, I have just received a brochure from Derivex that gives some information, about how it works. It is going to be on the website today I believe. I have submitted a finance quiry but in comments have stated that no monies will be forthcoming until my lawyer and accountant have looked at the...

I don't see that as a problem, you are claiming the "cost of doing business" as the deduction, which is the interest costs for a sum of money that you have had to borrow to secure a loan that has been used to generate an income. This should be regardless of whether or not the money is returned...

Hi, I zapped off a couple of questions yesterday to them and got a response about 2 hours later. I have posted the e-mail below, obviously the answers are at the top and Q's at the bottom :) Norman ************************************ Norman Thank you for your enquiry 1...