NAB One?

Discussion in 'Loans & Mortgage Brokers' started by qak, 28th Oct, 2020.

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  1. qak

    qak Well-Known Member

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    Does anybody have information on this product? Friend told me they were put into it by their broker, interest rate seemed OK but I'm betting they have cross-collateralised with a number of properties.

    Why would this product be recommended?
     
    qak, 28th Oct, 2020
    #1
  2. Lindsay_W

    Lindsay_W Well-Known Member

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    Never heard of it - sure the product name is correct?
     
    Lindsay_W, 28th Oct, 2020
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  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    They had a portfolio product and LOC a while back

    been canned

    ta
    rolf
     
    Rolf Latham, 28th Oct, 2020
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  4. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Neither. I googled it too - couldn't find anything.

    Cheers

    Jamie
     
    Jamie Moore, 28th Oct, 2020
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  5. qak

    qak Well-Known Member

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    Yes I couldn't find anything on it either. Wouldn't surprise me if there was a LOC in there either.

    So you've heard of this product? I gather the loan must be ~$2m and was wondering if it was more of a commercial product? What would happen if you are in that product and it's been 'canned'?
     
    qak, 28th Oct, 2020
    #5