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so why aren't they getting a loan from a bank at lower interest...

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woollydog

3,658 Posts.

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21/08/17

23:39

Post #: 26647278
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Originally posted by Hingdog ↑

The "secure" part is that you hold 1st mortgage over the property with an LVR of 60% I think it was. That seems like a reasonable margin for things to go wrong and still be able to recoup capital. Or am I misunderstanding something here?

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so why aren't they getting a loan from a bank at lower interest rates ?
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