Forum Replies Created
- Mortgageman wrote:Hi Mike,
If you are both on the title and both guarantor's then servicing for both of you can be used. Are you sure that you can't service taking both your's and your friend's situations into account? Why is it that you don't want to be a guarantor for the loan? Also, why is it you are wanting to avoid low doc's? If you have at least a 20% deposit you would be able to get a low doc at a pretty good pricing and this may be the solution to your problem.
Kind Regards,
Cameron Perry
Director
Perry Financial Strategies
Level 13, 30 Collins St
Melbourne VIC 3000
Ph (03) 9662 1999
Fax (03) 9662 2044Hi Cameron,
The reason as to why i do not want to appear in the banks book is so that it does not affect my serviceability and any future loans that i may seek. This is the reason why i was seeking a J-V in the 1st place. My J-V partner would act as a debt partner.
But just a matter of interest and to further explore your suggestion, what would be a typical interest rate for lo-doc loans assuming that we put in a 20% deposit? The loan would need to support Trust Structure with a corporate trustee and directors as the guarantors.
Cheers,
Mike.Yes. My name is Mike from Melbourne. I have heard of them as well and how quite a few educators have raved about them. I attended one of Chan and Naylor's seminar whereby they claim to have the best product (Property investing Trust Deed) in the market but i am keen to know if anyone else have used or set one up with them?? One business aspect that i didn't like about C&N firm is that they wanted to charge me $600 upfront first,without knowing if they can genuinely help me with my structure, tax or what i want. This does not make sense to me. If they can help me, I'm quite happy to pay that amount. Even twice the amount if they are as good as they claim they are. But not pay first, then we'll find out if we can help you or not?? Any feedback or comments from anyone who's used this people in Melbourne before?? Ladies and Gents??
