UT,
The sale reduces the security position.
A bank likes to know what is left over in security versus the size of loans which would have been reduced by the sale.
Most people can't have them separate as they would have used everyone prior as equity in the next purchase.
At that level of LVR after the sale, I suspect the loans are already mortgage insured and as such the LVR has been high all along.
Unfortunately I suspect the bank isn't far from foreclosing.
no margin loans on property, are there?, page-9
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)