Getting finance during a credit crunch

Discussion in 'Investment Strategy' started by DrunkSailor, 6th Mar, 2018.

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  1. DrunkSailor

    DrunkSailor Well-Known Member

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    What would you need to get a 300k mortgage during a financial crisis?
     
    DrunkSailor, 6th Mar, 2018
    #1
  2. Noobieboy

    Noobieboy Well-Known Member

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    How hard is the crunch? If it’s bust the cojones type of crunch only super rich with equity exceeding debt in multiples can get access to finance.
     
    Noobieboy, 6th Mar, 2018
    #2
  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Context

    Like 1929 ?

    or like 2009 ?

    Borrower and asset/security quality ?

    As background, in the most recent gfc, mainstream funding at 80 % lvr was MUCH less affected by that than the current APRA crisis

    ta

    rolf
     
    Rolf Latham, 6th Mar, 2018
    #3
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  4. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    A loan? Very easy if you had the income.
     
    Terry_w, 6th Mar, 2018
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  5. Perthguy

    Perthguy Well-Known Member

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    And in the current APRA crisis, people are still getting loans
     
    Perthguy, 6th Mar, 2018
    #5
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  6. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    if a statement, of course they are

    if a question

    of course they are

    ta
    rolf
     
    Rolf Latham, 6th Mar, 2018
    #6
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  7. Perthguy

    Perthguy Well-Known Member

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    Rule number 1... the cash must flow.

    It was a statement
     
    Perthguy, 6th Mar, 2018
    #7
  8. dabbler

    dabbler Well-Known Member

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    A lot of influence and apply it once in the CEOs home.....lol
     
    dabbler, 6th Mar, 2018
    #8