I had this on another thread, but this is the correct place for it
Who is
http://www.crownlending.com.au/
Anybody heard of them?
Who is
http://www.crownlending.com.au/
Anybody heard of them?
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Thanks guys
I spoke to the director Scott Perry.
He seems to know what he is on about.
Their system is to have all income go into your loan and then you redraw what you require to live on for that week, fortnight or month into another account, something like a visa debit account, all bills are a redraw which you have to call or email (which can be done 24 hours a day) before 10.00am to have the funds into you "everyday account" that night. What I like about this is that you get to keep most of your money in your loan, therefor paying less interest and there is no charge for the redraws which are ongoing and can be set to be on the same day. He also states that there is more of a personal service. He comes out annually to see you and discuss if there is anything that he can do to help you and statements are monthly so you can see how you going. He's theory is to get you debt free by the means for property investing.
Might get him to come over and see what he can do for us.
Anybody using him or something similar, just not sure have always been with a big bank.
Thanks guys
I spoke to the director Scott Perry.
He seems to know what he is on about.
Their system is to have all income go into your loan and then you redraw what you require to live on for that week, fortnight or month into another account, something like a visa debit account, all bills are a redraw which you have to call or email (which can be done 24 hours a day) before 10.00am to have the funds into you "everyday account" that night. What I like about this is that you get to keep most of your money in your loan, therefor paying less interest and there is no charge for the redraws which are ongoing and can be set to be on the same day. He also states that there is more of a personal service. He comes out annually to see you and discuss if there is anything that he can do to help you and statements are monthly so you can see how you going. He's theory is to get you debt free by the means for property investing.
Might get him to come over and see what he can do for us.
Anybody using him or something similar, just not sure have always been with a big bank.
Thanks guys
The way it will be set up is my PPOR will be one loan and another one set up for an IP. The rent (income) will go into my PPOR loan and this is where all the redraws will came from.
My current PPOR will never be a IP. We have no intention in moving and if we do move I will sell it.
That is why im looking at this loan, its a strict way of living, but it will help me pay off my PPOR a lot sooner.
Correct, all living expenses are free redraws. You redraw want you need, not what you want.
My current PPOR will never be a IP. We have no intention in moving and if we do move I will sell it.
That is why im looking at this loan, its a strict way of living, but it will help me pay off my PPOR a lot sooner.
some discipline
Guys, I'm not saying that this is the only and best thing out there, just wanted to know if anybody has/is using them.
To get some feedback from someone how has used this will be the best way to see if it helps in reducing debt.
I'm will be off for a few days back early next week.
Enjoy your weekend.