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  1. michaelg

    Banks want 20% down

    Reply: 1.2.2.1.2 From: Michael G Frank, So could you elaborate on the finance system? let's use an example of a $200k property, outer west Sydney. And buyer has income of say $55k/yr If they were to apply for a loan today what would be the plan and interest rates? Michael G
  2. michaelg

    Banks want 20% down

    Reply: 1.1 From: Michael G Frank, Are we talking ... a) A lender who lends 100+% off a single security? b) cross collaterisation? c) conversion of equity to cash via an LOC and using this to fund the 20% deposit + 2-5% purchase costs? I would be interested to know which option it is and...
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