Australia's largest stock trading and investment forum Australia's #1 stock forum

I currently don't have an SMSF and use the direct share option...

First 95 Last

Share
Profile

Follow
Hittman

3,747 Posts.

344

25/01/23

22:58

Post #: 65887357
Share

Originally posted by rookstar ↑

Totally different scenario.

You can borrow for an investment property and the exit syrategy is sell the property ehen you retire.

Tickety is different the purpose of the loan is owner occ.

Its a real shame common sense does not prevail in his position as the bank already has the security being the property for the borrowed funds.

Its not about that any more, today it is all about image, the bank does not want to end up on ACA and suffer reputational damage.
The head line. The bank is taking my home.

Accountability is lacking in australia, thats why the banks have taken this stance.

Sad reality really, but thats life!

Expand

I currently don't have an SMSF and use the direct share option of my industry fund.
2 Upvote

Reply

Top Stories

MEG

Iberian expansion: Megado turns to Europe with Spanish copper mines

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

AVM

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

Zip's stunning comeback: Is this the start of a $14 revival?

RML

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

CUV

Clinuvel shares dip, even as CEO comes back from temp leave

ASX

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

First 95 Last