Should I sell and downgrade to be mortgage free?

Discussion in 'Investment Strategy' started by Boyapete, 21st Apr, 2019.

Join Australia's most dynamic and respected property investment community
Page 3 of 3
  1. marmot

    marmot Well-Known Member

    Joined:
    23rd Jan, 2018
    Posts:
    1,215
    Location:
    N.S.W , W.A
    They sure weren't in hurry when APRA first started clamping down.
    One really big bank didn't even really know how many investment loans they really had on their books.
    They stopped recording the data when they swapped over to a new computerized system around 2003 , and let go of lots of staff.
    When they had to start charging more for investor loans around 2012/13 ??? , they actually had to write letters to many of thier customers asking if they had investor loans , for those that replied yes , rates went up.
     
    marmot, 23rd Apr, 2019
    #41
    Boyapete and albanga like this.
Page 3 of 3
Buy High Growth Property WITHOUT Buyers Agents!