Loan structure

Discussion in 'Loans & Mortgage Brokers' started by Sydneygirl, 25th Jul, 2019.

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  1. Sydneygirl

    Sydneygirl Member

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    Is the follow loan structure considered crossed?

    We have been recommended to take out two loans for the one investment property, one loan is secured by the investment and the second loan is secured by our home.
     
    Sydneygirl, 25th Jul, 2019
    #1
  2. Terry_w

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

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    no
     
    Terry_w, 25th Jul, 2019
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  3. Sydneygirl

    Sydneygirl Member

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    Thanks Terry
     
    Sydneygirl, 25th Jul, 2019
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  4. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    That's a fairly common structure allowing you to borrow the full value of the investment property, but still avoid cross collateralisation. :)
     
    Peter_Tersteeg, 25th Jul, 2019
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  5. Sydneygirl

    Sydneygirl Member

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    good to know, thanks Peter
     
    Sydneygirl, 25th Jul, 2019
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