Daniel K May replied to the topic HELP! Caught in negative gearing and refinancing strategy/trap in the forum Help Needed! 7 years, 10 months ago
Hi
Consumer Credit laws say that if you have to sell your house to be able to afford a loan (or 4?) then you could not afford it in the first place…. see
The contract will be unsuitable for the consumer if, at the time the licensee provides the credit assistance, it is likely that:
(a) the consumer will be unable to…[Read more]Daniel K May became a registered member 7 years, 10 months ago