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From: Fernando Loprete
Today i spoke to my loans manager and the question about serviceability came up. I currently have 4 ip's with this particular lender and am looking to lock in loans for five years. I wish to drawn down on the extra equity on the properties but they think that i might have a serviceability problem. The properties will produce a gross positive weekly cash flow of $132 after fixing the loans and none of my wages are used for other financial commitments. I can't see a serviceability problem. Has anyone experiance this problem that can offer me some help? Your thoughts and comments will be greatly appreciated. Thank you
Today i spoke to my loans manager and the question about serviceability came up. I currently have 4 ip's with this particular lender and am looking to lock in loans for five years. I wish to drawn down on the extra equity on the properties but they think that i might have a serviceability problem. The properties will produce a gross positive weekly cash flow of $132 after fixing the loans and none of my wages are used for other financial commitments. I can't see a serviceability problem. Has anyone experiance this problem that can offer me some help? Your thoughts and comments will be greatly appreciated. Thank you
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