respect replied to the topic Can not get a $300k loan on my $3M rural property that i own outright in the forum Help Needed! 14 years ago
Howdy, perhaps they are treating the loan as commercial due to the commercial farming scenario, rather than residential, Commercial vs residential rates differ by roughly 2.25%. We pay 9.75% to Bankwest on a big commercial bill, and I pay 6.61% on my personal line of credit with Bankwest. NAB used to be our bankers but they wouldn't finance us a…[Read more]