Comments on: Client Feedback To Wednesday’s Webinar

By: RUSH On Gold Coast Town Homes @ mrd

RUSH On Gold Coast Town Homes @ mrd — Thu, 27 Aug 2009 06:27:29 +0000

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By: FREE Download @ mrd

FREE Download @ mrd — Wed, 26 Aug 2009 06:46:41 +0000

[...] feedback to the webinars has been incredible! Please don’t even consider investing in real estate (or [...]

By: Admin @ mrd

Admin @ mrd — Thu, 23 Jul 2009 05:45:03 +0000

Martin answers-
Certainly that will be stated on some loans in the current lending environment. I have several that make no such statement and a good broker has access to many different products from many different lenders. We talk about lines of credit but there are many different products that can achieve the same purposes. I for instance, have a number of properties refinanced that leave the extra credit in a redraw facility with no statement of intended use.
Doug Answers-
Under the Uniform Consumer Credit Code providers of finance have to ascertain whether funds are intended for investment use or private use as the reporting requirements differ. Each lender will have a different form. Some just ask the question in the application but others, such as yours, go one step further and state it on the loan documents. This is the lender ensuring they comply with the relevant legislation. If you then choose to use the funds for another purpose the lender doesn’t really care, they have met their legal obligations and their backside is covered.

By: The Final In Our Series Of Webinars Is Tomorrow @ mrd

The Final In Our Series Of Webinars Is Tomorrow @ mrd — Fri, 17 Jul 2009 06:12:59 +0000

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By: Tony & Rachael F

Tony & Rachael F — Sun, 12 Jul 2009 11:47:48 +0000

Thanks for the webinar, as per usual very informative and also reafirmed previous information from Nick.
Our question that we sent on the night of the webinar but was unanswered was:
When we completed the paperwork on a renegotiated loan, there was a question on the loan document that we were asked to sign stating that the loan was not for personal use, and would only be used for the purchase of real estate.(words to this effect) How will this affect ROYE and our ability to retire in the near future?

By: No Idea Of What A Webinar Is Or How It Works @ mrd

No Idea Of What A Webinar Is Or How It Works @ mrd — Fri, 10 Jul 2009 06:38:20 +0000

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