Hi Dave,
Thanks for that info, I have completed all of the above but with this being my first wrap I didnt want to make any mistakes!!!! I can now send it off knowing I have done all I need to.
Thanks for your help,
Leah
When I went to STeve and Daves semminar they got the MAP people to stand up and tell us how they were all going (and I was lucky to sit on a table with one lovey lady!) and it was AMAZING to here how they people were going!!! I certainly wish I was one of the people!! and they seem to be goinng very strong!!
Steve has a seminar in which you can attend and learn more, it is $1,190 from there you are learning from someone who knows what they are doing and you can make a more informed choice for your future[]
Listening to a financial advisor is fine but you need to listen to more than one eg attend seminars read book and find out more info and then you can make an informed decision!! Does this adviser have 130 properties? Does he have a big possitive cash flow per month? If yoes then maybe but otherwise keep looking and you will find exactly what you are looking for!! I have!
We have just chosen the 5yr fixed for our first wrap and if the rate go up to say 8% and you are fixed in at 6.6% you may even get a refund from the bank (as it saves them!) and you could break out of the loan IF YOU REALLY NEEDED TO!! The penality could be in you favor!
working in the banking indusrty the valuers have to have at least 3 propertys in order to come up with there valuved amount or generally the purchased price(but not always!!) These are listed on the valuation with the addresses so you could check up on them if you wanted.
my guess is south east of Melbourne (I live approx 1 hr noth of Melbourne!) and these sound really cheap, maybe I will have to look up gov’t dep to find some in my area!!