Search results

  1. T

    Business Loan to fund home loan deposit?

    Marketing invoices may be "less than estimated"?
  2. T

    Business Loan to fund home loan deposit?

    If I said the business loan is for planned advertising and marketing, but then just let it sit there for 3 months, and just shifted funds into say an existing LOC, would it be fraud to then use it as a deposit for a home loan? Again its not like they come back asking for invoices for marketing...
  3. T

    Business Loan to fund home loan deposit?

    A business banker from a big 4 told me that they can't lend to a business entity (trading entity) for the purposes of residential investment. Is this correct? It seemed he was a little unsure.... Further, trust issues as in Div7A?
  4. T

    Business Loan to fund home loan deposit?

    Well a patient list would be similar to a trail book, wouldn't it? My question though is will a lender accept those borrowed funds (that are secured against the 'trail book' or business as such) as a deposit on a residential property?
  5. T

    Business Loan to fund home loan deposit?

    Perhaps my wording was incorrect. I operate a business through a trust entity and hold residential property in a separate trust entity. I suppose my question is really, will lenders lend on the goodwill of a business? or will they require equity in the form of physical asset? ie: My...
  6. T

    Business Loan to fund home loan deposit?

    Is it possible, or even legal, to get a business loan for the purpose of investing in residential property? In other words, applying for a business loan to use as a deposit for a home loan? Further, if the answer to the above is no, can't a business owner just say that the business loan is to...
Back
Top