FMG 0.45% $22.10 fortescue ltd

For people with loan serviceability issue... I like to share...

  1. ptn
    72 Posts.
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    For people with loan serviceability issue... I like to share something important

    I recently refinance my investment Property so I can buy another IP. My banker said I am tight on my serviceability and cannot give me more than $800k loan based on my salary. After sharing my FMG DIV (plus other DIV) the banker was able to give me an extra $250k+ in loan.

    Dividend is consider income. Share ownership as capital gain/loss.

    I recall once upon a time, my golf friends were laughing at me for buy FMG at $4 crying it was too expensive... 3 years later, I am still topping up on FMG and they call me a guru.

    DYOR
 
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