Learn from the mistakes of others. You can't live long enough to make them all yourself

Discussion in 'Investor Psychology & Mindset' started by teetotal, 22nd Nov, 2015.

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  1. flyhere

    flyhere Well-Known Member

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    flyhere, 7th Dec, 2015
    #41
  2. Steven Ryan

    Steven Ryan Well-Known Member

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    Ouch! Makes my minor "15 year fixed" stuff up look like nothing ;)
     
    Steven Ryan, 7th Dec, 2015
    #42
    Terry_w likes this.
  3. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    Yes definitely - you just create a new split for the equity.

    The only down side is that you are stuck with your existing lender, so if their valuation isn't great or their cash out policy isn't helpful there's not much you can do.

    Which lender are you with?
     
    Jess Peletier, 7th Dec, 2015
    #43
  4. flyhere

    flyhere Well-Known Member

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    Thanks a lot Jess!

    Unfortunately I am now with a very bad lender-ING, have to be with it until the fixed rate expired date comes.
     
    flyhere, 10th Dec, 2015
    #44
  5. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    That may not be the end of the world depending on your circumstances :) It would be worth getting a val done to see how much equity you have and if you can service it with ING.
     
    Jess Peletier, 10th Dec, 2015
    #45
  6. flyhere

    flyhere Well-Known Member

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    Thank you very much again Jess! It looks like I have to wait for a while until the market goes a little bit higher in future.
     
    flyhere, 10th Dec, 2015
    #46
    Jess Peletier likes this.
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