Bec replied to the topic Cross-collateralisation ever a good idea? in the forum Finance 6 years ago
thanks guys – really appreciate your feedback :-)
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Bec replied to the topic Cross-collateralisation ever a good idea? in the forum Finance 6 years ago
No Terry, I’m saying I don’t know how to determine who to trust
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Bec replied to the topic Cross-collateralisation ever a good idea? in the forum Finance 6 years ago
Thanks for all your helpful input.
I have absolutely no faith in the broker but am now just proceeding with one refinance so as to avoid the $1000 penalty. (I went with the Australian Lending and Investment Center, which is clearly just a huge machine driven by maximizing profit, despite all the advertising hype about how they are dedicated to…[Read more]
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Bec replied to the topic Cross-collateralisation ever a good idea? in the forum Finance 6 years, 2 months ago
Also, although the overall commission rate of 0.77 doesn’t change with bigger loans, the overall amount does if I proceed with two refinances instead of just one.
The other issue was he didn’t even mention the cba refi rebate and only requested it for me when I explicitly asked. -
Bec replied to the topic Cross-collateralisation ever a good idea? in the forum Finance 6 years, 2 months ago
Thanks very much for the advice. I thought as much. The issue is he got me to sign a waiver that I have to pay $1000 if I don’t choose to proceed. Do people think I ha e a good case for the ombudsman given that the proposed structure is clearly not in my best interests? Thanks in advance
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Bec started the topic Cross-collateralisation ever a good idea? in the forum Finance 6 years, 2 months ago
I’ve enlisted a broker who is supposedly investment portfolio savvy but he’s suggested I refinance both my existing IP loans with a new purchase and LOC for fourth in a cross-securitised bundle with cba wealth package.
From what I’ve learned this seems like a bad idea and more likely motivated by commissions associated with bundling every…[Read more] -
Bec started the topic Cross-collateralisation ever a good idea? in the forum Finance 6 years, 2 months ago
I’ve enlisted a broker who is supposedly investment portfolio savvy but he’s suggested I refinance both my existing IP loans with a new purchase and LOC for fourth is a cross-securitised bundle with cba wealth package.
From what I’ve learned this seems like a bad idea and more likely motivated by commissions assoscisted with bundling every…[Read more] -
Bec started the topic Cross-collaleralisation ever a good idea? in the forum Finance 6 years, 2 months ago
I’ve enlisted a broker who is supposedly investment portfolio savvy but he’s suggested I refinance both my existing IP loans with a new purchase and LOC for fourth is a cross-securitised bundle with cba wealth package.
From what I’ve learned this seems like a bad idea and more likely motivated by commissions assoscisted with bundling every…[Read more] -
Bec became a registered member 6 years, 2 months ago
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