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Hi everyone, Thanks for your replies. So Rolf, what do you think I should do? SHould I play the game my current lender wants me to do to get a LOC with them, or should I approach another lender??? Will a different lender still require to re-finance everything with them, or will allow me to...

Hiya geoffw Can I just see if I have this correct then: You borrowed money to finance a property that is in the name of the family trust. Your wife is acting as a guarantor for the loan. And she is using the equity in your PPOR and another IP as "backing" for the loan as well. So, when...

Hi Rolf, Thanks for replying. To answer your question, I wanted to borrow in my name only as you correctly guessed...to protect the assets. For some reason, I thought that if my wife borrowed any money in her name then this money is potentially up for grabs by creditors if she is ever sued...

Hi, I should probably add that RESI's explaination was that legally they cannot give us a LOC under my name only and that: "the only thing we could do is discharge the current mortgage and reapply under one name only for the entire loan." Does anyone know if this is true? Cheers...

lending problem Hi, My wife and I have our home loan with RESI. We have about $210k equity in our home, and we wanted to take out a LOC against the home to invest. The home and the home loan are in both our names. However, we want to take out the LOC in just my name (I'm on the highest tax...