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From: Sarah Verrone
Hi everyone,
I'm having a little trouble understanding ways to arrange my finance so I can access
the equity in my properties(only 3,so far).
My bank insists that their first consideration is to see if I can service
any loan I'm applying for.I have a line of credit and because my equity has increased considerably in the last 6 months I thought
the bank would allow a revaluation in view
of extending my line of credit.No go...
they say I have reached my limit of how much they will lend due to my service ability.
I understand that this consumer credit code is a hindrance for me personally.
Peter Spann is BIG on encouraging us to use
our equity but it seems equity doesn't have the pull it once had.
Any thoughts on how I might find a more sympathetic bank or perhaps structure loans
to my advantage for equity access.
Thanking you,Sarah
Hi everyone,
I'm having a little trouble understanding ways to arrange my finance so I can access
the equity in my properties(only 3,so far).
My bank insists that their first consideration is to see if I can service
any loan I'm applying for.I have a line of credit and because my equity has increased considerably in the last 6 months I thought
the bank would allow a revaluation in view
of extending my line of credit.No go...
they say I have reached my limit of how much they will lend due to my service ability.
I understand that this consumer credit code is a hindrance for me personally.
Peter Spann is BIG on encouraging us to use
our equity but it seems equity doesn't have the pull it once had.
Any thoughts on how I might find a more sympathetic bank or perhaps structure loans
to my advantage for equity access.
Thanking you,Sarah
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