Hey you finance Guru's, here is a question!
i need 90% loan for I/P.
COUNTRY LOCAL!
NSW OR Vic
Need to set it up as a rent/buy or a Wrap!
Which lenders are okay with this these days?Zinzan
90% loan in country local no drama, couple of options available depending on your situation. CBA or Maxis just to name couple.
Drop me a line or give me a call to discuss
Matt Centrone
Investor Finance
[email protected]
Ph: (08) 81325913
Mob: 0402 278 019Matt
When did CBA or Maxis allow wraps or RTB's?
I can think of a couple of lenders that will allow it but certainly not these 2.
Richard Taylor | Australia's leading private lender
Hi Richard,
I have a contact at CBA, in credit assessment that said they will consider a RTB scenario, based on the strength of the applicant. A collegue of mine did a similar deal with Maxis, however, it was a fair while ago and their policies may have changed since then with regard to these deals, so you maybe right.
Cheers
Matt Centrone
Investor Finance
[email protected]
Ph: (08) 81325913
Mob: 0402 278 019
Hi Matt
Just rang the CBA Qld State credit manager who tells me that both wraps and RTB are definately not allowed.
Richard Taylor | Australia's leading private lender
okay so whom will do wraps and or RTB'S?
Depends on the numbers and the location.
Richard Taylor | Australia's leading private lender
Hi Richard
they the proerties are western suburbs of Melbourne
250 rangeQlds007 wrote:Hi MattJust rang the CBA Qld State credit manager who tells me that both wraps and RTB are definately not allowed.
I have previously been told that any brokers putting wraps through Colonial are risking their accreditation. I would be very careful in dealing with wrappers Matt.
Regards
Alistair
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