Originally posted by GLin
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What are you seeing with the bank financing environment?
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Originally posted by Davo36 View PostHello Gary, nice to see you back on PT.
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Originally posted by mrsaneperson View PostPerhaps access to a substantial revolving credit loan is the answer ? This way you are not constantly having to approach a bank, cap in hand for lending approval regarding any new investment you are considering - an investment opportunity may happen months or even years down the track - the lending facility is already in place. .
This is also advantageous to both buyer and seller in being able to present attractive cash unconditional offers to vendors ."DEBT BECOMES IRRELEVANT WITH INFLATION".
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Originally posted by Davo36 View PostI am refinancing a mortgage, the 12 month term is up. Getting quotes from another bank too.
It's taking ages. Like 2 weeks so far. They seem to be inundated.
I put $20+ mostly 2 yr fix at 4.57% about 2yrs ago
Trying to figure out what is the best choice
Floating is still reasonable at 4.32%
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Originally posted by Beano View PostLet us know how you get on
I put $20+ mostly 2 yr fix at 4.57% about 2yrs ago
Trying to figure out what is the best choice
Floating is still reasonable at 4.32%
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Originally posted by Frezzinghot View PostI have just got pre approval, but would say it took 3 months and 3 different brokers and banks. How do you get a 500k RC account setup. Pretty hard I would suggest.
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Originally posted by ATM View PostHappy Chinese New Year. I think they missed you here.
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Originally posted by Wayne View PostWhy the new login? Time for a change??
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Yes welcome back Gary.
The new bank financing environment , i am seeing ever more scrutiny and more indepth probing into the account information provided and general financial status - though it could just be that the loans guy doesn't like me much. He's such a dispassionate autonomous creature.
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Originally posted by JBM View PostHey Beno found you a nice holiday pad ...as it sounds like I was actually the fool for not believing your rocking the big loans >>
https://www.trademe.co.nz/property/r...2508647a3e6ca1
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Originally posted by Beano View PostHoliday homes like this one are best rented when you wish to stay there and invest the $23m in a CIP (Commercial Investment Property)Squadly dinky do!
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