From: Gail H
Has anyone had experience with cash bonds as a way of increasing capacity to borrow? Steve Navra has kindly forwarded me some info, but I was wondering if anyone had experience with them.
And a question for Rixter if he's reading - how do you fund properties 100%? You mentioned in one of your posts that you can use your home equity as security for the deposits (to avoid the damage to your DSR that a line of credit does), but I just don't understand how. Are you talking piggybacked mortgages with multiple lenders? Any help or clues would be much appreciated.
As always, thanks so much everyone for your generous help and advice.
Gail
(who is desperately trying to get a particular deal over the line at the moment, so is posting more to this site than any sane person should)
Has anyone had experience with cash bonds as a way of increasing capacity to borrow? Steve Navra has kindly forwarded me some info, but I was wondering if anyone had experience with them.
And a question for Rixter if he's reading - how do you fund properties 100%? You mentioned in one of your posts that you can use your home equity as security for the deposits (to avoid the damage to your DSR that a line of credit does), but I just don't understand how. Are you talking piggybacked mortgages with multiple lenders? Any help or clues would be much appreciated.
As always, thanks so much everyone for your generous help and advice.
Gail
(who is desperately trying to get a particular deal over the line at the moment, so is posting more to this site than any sane person should)
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