27 Jun When banks call in their loans

When banks call in their loans Let’s say that there’s a change in the banking policy and the bank no longer believes that the infrastructure’s in that town anymore and call in all of their loans. You have to refinance. Usually you have about 30 days...

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20 Jun Can you see the trend?

Can you see the trend? What happens now is you’ve got a court case against you for something to do with one of your properties. When you bought the property, the verandah was unsafe and despite this being in the building report upon purchase, you didn’t...

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13 Jun Why not cross securitise?

Why not cross securitise? What happens is, the bank takes both houses as security and wraps the two mortgages together? Let’s say we’ve got $830,000 worth of asset and we’ve got $430,000 worth of loans adding the second one in to the total. So we’ve still got...

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06 Jun The home

The home First of all, when you look at your home you need to protect it. Let’s say you’ve got your home and it’s worth $500,000, and let’s say you’ve got a $100,000 mortgage on it at this point in time. You find this fantastic deal that...

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