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  • Profile photo of synericsyneric
    Participant
    @syneric
    Join Date: 2005
    Post Count: 9

    Thanks for your excellent advise!!

    Profile photo of synericsyneric
    Participant
    @syneric
    Join Date: 2005
    Post Count: 9

    I got one of those Sydney CBD units that are not doing too well at the moment. The banks ain’t too kin on lending money for it.

    My mortgage broker suggested a company that could offer 80% finance. Of course this is good news for me, but I’m a bit worried about these small lenders.

    Such as those fine print of standard variable rate could be just honeymoon rate. I guess what I’m asking is if there’s anything in particular that I should watch out for before signing.

    Plus is that in general that borrowing anything over half a million I would most likely need lender insurance?

    Profile photo of synericsyneric
    Participant
    @syneric
    Join Date: 2005
    Post Count: 9

    g7 Thanks for your input, abs is a very handy resource.

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