Have any of you heard of interest free loan?
***edited for spam ***Ah Eric is it. Are you refering to the Adelaide Bank Shared Equity scheme.
If you are then Yes we are well aware of it and I was the first broker in Australia to write a deal under the product.
In fact it settles tomorrow and is Rismark's first settlement.If you care do to a search on previous posts you will be aware most forumites are aware of the product. Shoudl be exicting when it gets opened upto investors.
Richard Taylor | Australia's leading private lender
Please be remainded that the product is attached exclusively to our lender and their homeloan product. The lender will not allow you to attach any other banks.
Eric
Equity Finance & Mortgages Pty Ltd
Mortgage Advisor mob: 0413 594 675An interest free loan.
No such thing – especially from a bank. Their business is money – making it and they are very good at it.
I came across an offer of an interest free loan in my SPAM mail but it didn't give any details until you registered with the Web Site.
I didn't look any further as it felt it could have been a bit suspect or only for the USA.Hi there,
This is a letigimate business and we have our professional broker to help you with the loan. As I once said again this is only attached exclusively to our homeloan products.
If the other bank wants to use this service, they have to pay for a certain fees for the licence of the product. Sort of like when you buy Microsoft products. As this is an innovative product and there is a patent for using this product. Thank you. I hope this will clearify anything.Equity Finance & Mortgages Pty Ltd
Eric Mortgage Advisor
[email protected]Equity Finance & Mortgages Pty Ltd
Eric
The product is open to anyone Mortgage Broker who deals with Adelaide Bank.
As I mentioned the first deal in Australia was settled on Wednesday and was one of our clients from the forum here.
They have already been interviewed by Rismark and this by Today Tonight.Regretfully a couple of the post statements you have made about the product have been factually incorrect so i woul durge you to acquaint yoruself with the product details before posting information on the forum here.
Richard Taylor | Australia's leading private lender
Is that the loan that was in the Advertiser a few weeks back where the banks let a portion of the loan be interest free, but claim a percentage of the capital gains upon sale?? I think we all know who the real winners will be with this one.
Yes. That was what I mean. However there is some bank you took advantage of the product. They attached to their product. I think it is exclusively belong to Adeliade Bank.
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