AMP - no more standalone IP refinances

Discussion in 'Loans & Mortgage Brokers' started by Corey Batt, 15th Feb, 2017.

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  1. Corey Batt

    Corey Batt Well-Known Member

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    14th Jun, 2015
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    Location:
    Adelaide, SA
    As of today they will not be accepting any further standalone investment refinances at this time.

    Those wanting to restructure their debts, release equity or save costs best get their situation reviewed immediately.
     
    Corey Batt, 15th Feb, 2017
    #1
    Perthguy likes this.
  2. Obsidian

    Obsidian Well-Known Member

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    19th Aug, 2016
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    Sydney
    Excellent news:D. One by one the financials are ever so slowly tightening the screws. Small interest rate rise, tighten refinancing. I have my skin in the game, but even I think places like Sydney have gone completely stupid at these low interest rates.
    And bonds yields are slowly rising, so I think we are maybe 12mths away from RBA interest rates starting to rise.
     
    Obsidian, 15th Feb, 2017
    #2
    Beachman likes this.
  3. albanga

    albanga Well-Known Member

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    Location:
    Melbourne
    Don't forget their max LVR on investment purchases is now 70%.
    Not to mention hiking rates on both Investment and O/O loans that are interest only.
     
    albanga, 15th Feb, 2017
    #3
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