Wondering what people are experiencing, seeing, hearing with banks with respect to financing for residential real estate investment.
Some questions under consideration:
1) are banks reviewing and reassessing the market values of the existing property collateral they hold?...
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What are you seeing with the bank financing environment?
Last edited by Chris W; 12-07-2017, 12:19 AM. -
Re-financing: Rules around using gained equity in property to fund another purchase.
Hi Folks,
I visited my bank on Friday to discuss leveraging off my rental property to buy another.
High level info
- Purchase Price $620,000
- Purchase Equity $124,000
- Debt $496,000
- LVR 20%
I recently had it re-valued (by a bank approved valuer)... -
Easter Bunny Grinch Steals The Rent?
Are your tenants on a Friday rent-day?
(Most are.) Beware the ides of April and
the Easter bank bunny grinch.
Because Friday and Monday are both
statutory holidays, there will be no
processing of Friday's APs until the
Tuesday night after Easter. That
... -
Ask A Banker - Advice
With uncertain times surrounding us, there are more folks out there feeling a cashflow pinch at the moment. Interest rates are volatile with significant drops recently, and the threat of further house price reductions.
Are there unanswered questions out there that you don't want to ask...