Forum Replies Created
Cheers Anthony
Strata Insurance is a bit more difficult they tell me in Qld. Insurance is for 5 Strata titled units , most of the main players won't do over 3 -4 units . All sorted now.
Thanks for the reply.
Coolra
When you make an application with any lender an equiry is listed on your credit file, this stays on your file for 5 years. Too many enquiries (not to mention declines) on your file in a short space of time and the bank red flages you. You will not pass credit scoring.
Credit scoring is used by banks and credit card companies, they use use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses dueto bad debt. Lenders use credit scores to determine who qualifies for a loan, at what interest rate and what credit limits.
In a nutshellCheers
DavidThanks for your replies guys, much appreciated.
FYI
Property is in Brisbane CBD
Tried NAB , will only do three units under residential but will do commercial if we want to go down that path.
Trying to save on interest units are strata and under 5 contracts but being purchased by two trusts.
The idea was to split the purchase beetween two purchasers thus keeping it a residential deal. 100% finance with a term deposit to cover security 70% – 80% LVR
CBA would look at it but no promises , NAB would do under commercial as I said.
Got the nod from BOQ 5.95% fixed three years .
See how it goes.Thanks
David
