Kingcarmelo ... perhaps you can explain to me what is wrong with cross collateralisation?
If you borrow money in your own name and you default, the bank still has access to all of your assets, not just the house utilised as security so it doesn't make it much difference whether your cross collateralised or not (in terms of asset protection).
This might I add is no different to borrowing through a trust or company. Director guarantees are taken from company directors and guarantees are taken from the trustees of the trust ....
