Search results

Thanks for the advice rolf, this is a minefield :rolleyes:

The deal our broker got from ANZ is for the 0.8 discount but an annual fee of $150 for each of the 2 loans so still $300pa for a combined 350K. I'm still looking outside the banks. (I would like to stick with the banks but I'm also thinking I should split up our personal asset loan with the...

I don't think it's likely that we will change the directors of the corp trustee, it's only my husband and I and even if that were to go south, we would remain directors to administor the trust for our kids so I also think the guarantee is probably the best way to go for these loans :D

Hi Aaron, you got it, the trust has an IP which is not currently financed and we are wanting to use the equity as the deposit for another IP which will also be owned by the trust. We are going to try and keep the trust +ve so we can benefit from the distributions to the lower income person. The...

Hi Rolf, Thanks for that and I think we're somewhere in between. We're in a great equity position and an ok servicability position, but I am quite a low risk investor and won't commit a lot of our own income to servicing the loans. Hubby has been made redundant twice and it is on the horizon for...

Thanks for everyone's comments. To answer: Terryw - The trustee is a ltd company of which we are the only directors, and ANZ wouldn't lend to the trust unless we signed guarantor docs (and got a signed legal advice form). Rolf - The settlement time was another reason we ended up with the...

Hmmm I suspected as much. Not a lot of faith in broker as a result...what to do now????

Hi, Many thanks in advance for your advice. My husband and I recently bought our second IP and our broker steered us towards the ANZ Breakfree package as the best option for our current and future needs as we will have 3 loans within the next year. Curr Rate is 0.8% off svr (6.56%). Fee is...