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
Agreed, makes sense,
The other issue is that a fixed and float can be like a Tattoo.
Subsequent lenders may not want to play ball behind a lender that already has a FFC and/or RMD
Really getting into sticky realms of cashflow and business lending here, but invariably MANY lenders will try it on for a normal resi or slightly light commercial deal.
Folks, read your loan offers, contracts and docs carefully.............
ta
rolf