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  • Profile photo of qlddkqlddk
    Participant
    @qlddk
    Join Date: 2013
    Post Count: 7
    May 7, 2013 - 12:36 am

    Emerald rentals just fell on its face…

    I would be very careful about buying in Chinchilla and I work out here right now.

    42000 workers? maybe, but no all at once, and most in FIFO like me

    then afterwards, maybe a few thousand workers fulltime, some/most might live here

    I am interested in the whole trust setup advise thou

    cheers

    Profile photo of qlddkqlddk
    Participant
    @qlddk
    Join Date: 2013
    Post Count: 7
    May 5, 2013 - 2:47 am

    Hi folks

    Im with cattleya on this one, I prefer to pay off the loan…

    But here is the deal, I have property under a trust name, and my finance bank (RAMS, beware of this) does not allow an offset account for loans under trust names.

    So what now? I'm holding excess cash in a high interest account, but should I to gain that extra 2% interest effect, put it into the loan and redraw in time?

    I doubt refinancing is an option right now.

    (which banks allow offset accounts for trust loans?)

    thanks

    Profile photo of qlddkqlddk
    Participant
    @qlddk
    Join Date: 2013
    Post Count: 7
    February 5, 2013 - 3:28 am

    Why is the above is this forum?

    cheers

    Rick

    Profile photo of qlddkqlddk
    Participant
    @qlddk
    Join Date: 2013
    Post Count: 7
    January 30, 2013 - 5:31 am

    thanks there

    I know most harp on about how bad cross col is, but how do you lend against another property's equity without cross collateralization?

     

Viewing 4 posts - 1 through 4 (of 4 total)