ozkar replied to the topic RPM Nationwide Debt/Mortgage Reductio and Asset Building Specialists in the forum Finance 13 years, 2 months ago
That’s a good read Richard, well done.
I found this, maybe it explains what i was trying to say
Cheers Oz
ozkar replied to the topic RPM Nationwide Debt/Mortgage Reductio and Asset Building Specialists in the forum Finance 13 years, 2 months ago
I work in IT hence why I’m wrong on the bank mortgage val issue. Just on that though if I have a deposit, am I not only borrowing the amount I need to make up the final difference. So as per my example if I did want to buy a house above what the bank is prepared to give me than can’t I just supply a bigger deposit?
I only found this forum the…[Read more]
ozkar replied to the topic RPM Nationwide Debt/Mortgage Reductio and Asset Building Specialists in the forum Finance 13 years, 2 months ago
The RPM fee I paid was several thousand and it was a once off fee. I paid it using some of my equity and claimed it as a tax deduction.
I’ve never met a broker who does more than just finance, the few I have dealt with over time have done nothing more that charge me for their serves and put me into a new loan.
RPM are not brokers and they guided…[Read more]
ozkar replied to the topic RPM Nationwide Debt/Mortgage Reductio and Asset Building Specialists in the forum Finance 13 years, 2 months ago
My Tax advice was provided by my accountant and not RPM and no the program doesn’t work by capitalising interest.
It simply uses an effective bank product together with good cash-flow management. I chose property as my vehicle to make it all work and RPM assisted. They have a number of associates such as builders, financial advisors and brokers…[Read more]
ozkar replied to the topic RPM Nationwide Debt/Mortgage Reductio and Asset Building Specialists in the forum Finance 13 years, 2 months ago
It’s funny reading posts from mortgage brokers that are working on pure assumption. Not that there is any conflict of interest but I’m sure they will tell you they can do a better deal / offer on a home loan.
My wife and I have been an RPM client for some time and many of the posts above are inaccurate. RPM are not mortgage brokers, property…[Read more]