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  1. Peter_Tersteeg

    Mortgage trusts and serviceability

    It really is a bit of rhetorical question. I've also never been sued, but I have had someone come after me. They backed off fairly quickly when they realized I wasn't going to simply roll over. As indicated, it costs a lot of money to even attempt to sue someone. We do hear about it all...
  2. Peter_Tersteeg

    Mortgage trusts and serviceability

    Never been sued by anyone you've mentioned above. Come to think if it, I've never been sued by anyone! neither has anyone I'm close to (at least that I'm aware of). I'm also the owner of a business that deals with peoples financial well being every day. Tyla, when was the last time someone...
  3. Peter_Tersteeg

    Mortgage trusts and serviceability

    I haven't experienced any lightning strikes, but the odds of being sued is actually much higher than a fatal shark attack. Shark attacks are also entirely preventable as well (just don't go in the water), but there's people out there who will go after you just because they don't like you...
  4. Peter_Tersteeg

    Mortgage trusts and serviceability

    In the scenario above, you've borrowed $500k against your property. This will have an impact on your borrowing capacity, the fact that you're using the $400k to pay back the mortgage isn't going to improve your serviceability. Using the $400k to make payments does have some interesting tax...
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