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No. The was is past tense. There was no x-coll until AMP got their grubby mitts on my loan structure :mad: However, I should have done by homework before I signed off on any deal. I'm just glad I am more informed now. Not so much. Next step is to move the funds to my SMSF that is already...

I'll tell him what I want and see what he can do. If I'm not happy with the deal I won't sign up.

Actually, they did explain that. What they didn't explain what that the boss was planning to sell the company. That's when it all went wrong. The upside is that the new loans are standard loans even though my investment partner is self-employed.

Perhaps my broker felt a little inexperienced to push this particular lender. Hopefully he can do better this time around.

I wasn't. Mine was just four residential properties with no cross-collateralisation, <80% LVR (except the new purchase with was 100% mortgaged + stamp duty). They probably saw the deal as risky because my investment partner doesn't have a great on paper income. A lot of that is to do with the...

Was I clear that GE and Pepper were not my choice? Wizard sold my loan to Aussie? Aussie? sold to GE. GE sold to Pepper. :mad:

Woah! :eek: So my Mortgage Broker flat out lied to me? That's not cool :mad:

Incidentally, my sequence went Wizard->G.E. Finance->Pepper Home Loans. Pepper are a shocker but were actually marginally better than G.E... they were really shocking!

I will ask without an expectation they will. I just ran a quick calc and my current deal saved me over $60k interest over three years compared to my old deal. I will stop complaining now.

AMP. I'm also not in any kind of emergency... far from it. I can easily wait until 3 months to go. Will do. I will see what kind of deal AMP are offering and then shop it around and see if I can get a better deal.

AMP I would advise you to check out their loan products to make sure they suit. It's not just about interest rates.

My mortgage broker told me the bank imposed the conditions. I tried to explain some things to him regarding my investment partner's income but he didn't "get it" Anyway, I have had a good run with the new loans compared to the old ones, so I should not complain too much ;) I just want to make...

Years ago, I had great loans with Wizard that got sold, sold and sold again. In short, my interest rate was close to 10% at a time when the variable rate was under 6%. The loans had also got very messy and from memory there was about 7 splits across 3 properties (1 PPoR, 1 existing IP and one...