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  • Profile photo of JimoanJimoan
    Member
    @jimoan
    Join Date: 2005
    Post Count: 4
    August 29, 2005 - 2:36 am

    Hi, Giddo
    Could you please post the name of the issuer of this Capital Guranteed bond?
    Does the artical suggests who lends against these bonds? and do banks lend against the maturity value or teh current value?
    Jim

    Profile photo of JimoanJimoan
    Member
    @jimoan
    Join Date: 2005
    Post Count: 4
    August 29, 2005 - 2:12 am

    Hi Guys thanks
    Let me answer some of the questions
    Situation when I took the loan
    Yes the 106% lona was full doc loan
    Myself and my partnerboth Employed PAYG but not eligable for FHB grant.
    Rather than renting we went for this 106% loan at high rate
    Current situ
    Wife = working
    Myself = Self employed, new consulting business no guranteed income.
    So in this situation can I get a better loan (considering break up costs)

    Loan is 231K (House 219K), I can bring at the most 10k Cash
    Can somebody help?
    JM

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