Julie & I have just had our whole portfolio re-valued. And we have been able to borrow against the increased valuations. Let’s just say it was enough to pay out the credit cards (they were nearly maxed out from deposits & other activity), pay the full deposit on the property in Cairns (the one that [...]
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OK, we’ve had problems getting finance for the chalets in the Health Resort. It seems that backs & other lenders want to be able to take possession of a property in the event of a loan default, so that they can then get someone to occupy it (& pay them the rent, I guess), or arrange [...] |
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