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  1. Rixter

    Serviceability wall

    Jerrybee, a CB allows you to increase your asset holdings to approx 4-5 times the CB purchase price over and above your current capacity. ie $150k CB will allow you $600k+ approx extra asset base in portfolio holdings. The extra CG exposure by increasing your portfolio aset base (providing you...
  2. Rixter

    Serviceability wall

    You have various payment options available ranging from interest only payments to you with your capital preserved until the final payment, through to capital & interest payments to you evenly spread throughout the CB term.
  3. Rixter

    Serviceability wall

    They vary depending upon prevailing financial climate at the time, purchase amounts & term length..2-4% No. Possibly anyone with a substantial size asset base and net worth who has exhausted all other less impacting options to increase DSR. Yes mine did.
  4. Rixter

    Serviceability wall

    You pay what ever your LOC interest rate is less CB interest paid back to you. I set up a $100k CB which returned ~$22k per year over a 5 year term. Cant answer for all banks but mine was. WBC Payment options are annually, bi-annual, quarterly, monthly. I chose monthly to maximise CF.
  5. Rixter

    Serviceability wall

    RF, I think you're referring to cashbonds..... a deposit bond is a small fee you pay to an insurance company to use their money (instead of yours) for your deposit on a property loan. Anyway...this is how I have used a Cashbond to keep purchasing IPs. I used it in conjunction with my CGA...
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