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Hi JD Most lenders are not fond of second mortgages, STG may look at it, but then again if your mrs is on title and you want the loan in your name only then they may baulk. Id look at Westpac to do the refinance if youre going to go that way, since the overall rate would not be more than...

Hi GW All it is some newby within PMI making new rules I suspect. Treating adult beneficiaries like shareholders of the trustee company wont work for them. While they are the largest LMI provider, they may soon not be. I wont put up with that crap for my clients, its just that PMI are the...

Hi GW Nothing wrong with xcoll providing you know of the pitfalls - ask Paul Zag. I wasnt being critical just sniffing, coz its a common perplexion hehe An issue thats come up recently with PMI (Australias largest LMI provider) is that they want EVERY adult beneficiary of a trust to be a...

Hi GW Avoided xcoll - I hope so - good to avoid if you can. From memory though passing a guarantee from a PPOR to a trust in the form of equity indmenity is no diff to a second mortgage in effect ? How did you get around the Loan to valuation ratio by offering a guarantee that could not...

Hi JD I suspect Dale will be able to shed light. My view is if you lock an asset away in a trust and you get sued some years later then that asset should be protected provided you have a replaceable trustee regardless of where the money came from unless its the Family Court chasing you. Ta

Hmmmmmmmm JD Always a convenient excuse isnt it, its not legal, its fattening or its immoral. Resi is not alone in this, but you will find its more prevalent with the smaller managers deling primarily with MA and PA loans Many lenders will allow a single borrower even with the spouse on...