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euro = NRAS Finance Guru : ) ta rolf

Worstpac will now do standard 80 % no lmi or 90 % + cap LMI on 4 approved NEJVCs ta rolf

verbatim from the ANZ folk for WIW Unfortunatly ANZ do not lend to this scheme This does not mean though that one cant slide something through retail without disclosure, just means that its a no go in the broker area. ta rolf

Scary ..................?

I think I said that in a much less eloquent way :) but roundabout way ta rolf

Hi K Noooo My intention wasnt to put you off NRAS stock at all...........more to make sure the answer that you got from your lender was "security" qualified rather than a, its the 28th if the month......"I need to make budget" response. Now im sure that was not your contacts intention...

Hi If a lender doesnt not have a "position on x" its not appropriate for the lender to rtn with its max lvr bracket. I like to call this "if u throw enough mud on the wall, some will stick",which is a poor sales technique in any field, more so when lenders potentially affect someones...

that would be great.................get it in writing, because the information you have been provided is contradictory ta rolf

I would have thought that NRAS would also be quite suitable for an SMSF purchase ? ta rolf

hmmmmmmm, but if you provide disclosure about the NRAS then they are not likley to approve the loan, and the above suggests this to be the case. Not an ideal way to start a long term business with someone I would have thought ? ta'rolf'

This works on the assumption that one can actually get decent LVRs across a range of lenders..............right now, this appears not to be the case ta rolf

HI JPS If u have provided full disclosure, then it will never be your problem ! Of late especially, we have seen some interesting things happen at branches that might not happen in the broker network. How much equity did u have in ur home ? Perhaps the comboed LVR is very low ? ta...

Some would say that hair is a telegraph pole as far as disclosure goes, but as I have always said, needs to come down to the borrower. ta rolf

Hiya BC Id think hard about leaving out such core information where the borrower knows this has a material effect on the app being approved..............it could be considered as close to the wind. A 3 year GEHA or a 12 year DHA lease is a diff beast, since its usually entered as a...

Hiya BC If thats the case the gov and the promoters of the Scheme better get around to letting the lenders know that....................otherwise this puppy wont get off the ground long term As I said, I believe there is a fear factor of the unknown still out there, and it will...

Its that bit where the issue may lie. 1. By entering into such a transaction, and knowingly having a material change to the security, one could (?) be in breach of your mortgage loan contracts. 2. More to the point, once the property is in the NRAS allocation, and assuming...

Not my experience I must say I take anything in finance from agents and developers with a pound of salt...... Comm resi dont like em at all Suncorp case by case for exist client to max 80 ING no NAB Case by case max 75 to 80 ABL retail no WBC retail no Stg Retail no various mortgage...

Hi Paul Im not saying you cant get money but when only a few lenders will do limited products and/or LVRs, you will end up with a compromised or "hobbled" security. A great comparison is student specific accom on strata. Until the lenders become more accepting ( and they may) any client...

NRAS............only ok for super funds or low gearing yeah, I thought that would get a few clicks In all the hoo haa of another attempt at fixing our affordable housing scheme ( similar to the equity scheme a few years back, this is likely to not really do much for those that need the...