From: Fredo J
I own my own home, have 2 ips and am having trouble borrowing 200K
Total borrowings = 341K total assets
565K about a 60% gearing
The broker is saying it is how the loans are cross collatorilised- he says I should refinance and have one main LOC and use 20% each time I buy a property any comments please
Fran
Ambition is the lock motivation the key
I own my own home, have 2 ips and am having trouble borrowing 200K
Total borrowings = 341K total assets
565K about a 60% gearing
The broker is saying it is how the loans are cross collatorilised- he says I should refinance and have one main LOC and use 20% each time I buy a property any comments please
Fran
Ambition is the lock motivation the key
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