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From: Sharon Luttrell


RAMS have been advertising 110% financing for Investment properties. Has anyone looked into this loan? Pros/Cons?

I apologise if this has been asked before (I couldn't find it using Search).

I am now passed the "when can I" stage and am now at the "how can I" stage.

Sharon
 
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Reply: 1
From: Robert Forward


Next time you watch the tv ad, listen a touch more closely cause they say it real fast, "As long as you have the equity in an existing property" or very similar wording to that.

They are willing to cross collaterise your properties to give you a 110% mortgage.

Cheers
Robert

The Sydney "Freestylers" Group Leader.
 
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Reply: 1.1
From: Rolf Latham


Hi all

How generous of RAMS, ALL lenders will do this though, shows you how much effective advertising can do.

Ta

Rolf
 
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Reply: 2
From: Empy 555


Cross securitization is a beautiful thing !!

Many banks have helped white shoe brigade marketers finance 120% + of value of investment property !

At the end of the day if you got equity a lender will love to lend !! and have two properties as security

PERFECT for the bank.......not so perfect for the little investor !!
 
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Reply: 2.1
From: Bill H


When you have two properties that have cross securitisation, how easy/hard is it to obtain a third property through equity of one or two of these properties.

Is this a good way of obtaining IP's ?
Seems like it would get a bit messy after the number of IP's start increasing.

Bill
 
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Reply: 2.1.1
From: Rolf Latham


Hi Bill

This is easy peasy providing you have the equity and the serviceability.

You are right that it gets messy, because it ties you more or less to the same lender as your primary properties.

Ta


Rolf
 
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