All Topics / The Treasure Chest / WRAPS???

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  • Profile photo of CreminCremin
    Participant
    @cremin
    Join Date: 2003
    Post Count: 105
    August 9, 2003 - 8:21 am

    Been reading up on wraps on the website and it sounds interesting. Typically or theoretically, how long does it take for the whole amount to be paid out? Am still trying to grasp the concept.

    any simple explanation would be beneficial or any examples too. Is there anyone in WA that we could get in contact with about the legalities of wraps in WA?
    Cheers.
    Mrs.

    Here for a good time not a long time, just do it!.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 9, 2003 - 1:39 pm

    I’ve done a few wraps, and the quickest that I have been cashed out is 16 months. (this happens when they refinance with a bank-at a cheaper interest rate).

    Terryw
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of CreminCremin
    Participant
    @cremin
    Join Date: 2003
    Post Count: 105
    August 9, 2003 - 6:55 pm

    Thanks terry but seriously, could some of them take up to 25 years which is the loan term or do you find that people are keen to pay much quicker?
    Ta
    Mrs.

    Here for a good time not a long time, just do it!.

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