Mortgages + Loan amount

Discussion in 'Finance & Banking' started by RoyG, 22nd Mar, 2015.

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  1. RoyG

    RoyG New Member

    Joined:
    13th Mar, 2011
    Posts:
    2
    Location:
    Perth WA
    Hi
    Any one know.
    If I borrow money that is secured by a mortgage against a property is the loan amount public knowledge i.e is the amount I borrowed shown anywhere on records available to anyone other than the lender ?

    Regards
    RoyG
     
  2. Terry_w

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

    Joined:
    9th Jun, 2006
    Posts:
    27,510
    Location:
    Australia wide
    No.

    but it is publically searchable? maybe. Title search will show a mortgage. A search can then be done on the mortgage documents which will probably show the amount borrowed - initially.