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jim replied to the topic Bluestone Finance in the forum Finance

Fri, 19 Jun 2015 13:02:32 +0000

Thanks Kinnon. What is out of the ordinary is that most lenders wont re-finance the capitalized loan. Credit reference is good but no history of repayments. Bluestone was happy with rent payments as proof of ability to make regular payments.
Yes Terry, I`m thinking La Trobe as well. I have been doing some internet research on La Trobe and they…[Read more]

jim replied to the topic Bluestone Finance in the forum Finance

Fri, 19 Jun 2015 13:02:32 +0000

Thanks Kinnon. What is out of the ordinary is that most lenders wont re-finance the capitalized loan. Credit reference is good but no history of repayments. bluestone was happy with rent payments as proof of ability to make regular payments.
Yes Terry, I`m thinking La Trobe as well. I have been doing some internet research on La Trobe and they…[Read more]

jim replied to the topic Bluestone Finance in the forum Finance

Fri, 19 Jun 2015 11:45:19 +0000

Thanks Terry and Jamie for your replies. Daughter got onto anther broker who advised her to pay for a valuation up front and he would see what he can do. He has come up with Latrobe Financial Services. Better interest rate and no spotters fee but they want $3500 establishment fee up front. I suppose thats to stop any further shopping around.…[Read more]

jim started the topic Bluestone Finance in the forum Finance

Fri, 19 Jun 2015 02:12:25 +0000

Hi
My daughter currently has a capitalized loan with Create finance Group and is refinancing with Bluestone Financial. What pitfalls should she be wary of? The loan was originally $120 that blew out to $220k in 12 months so she needs to re-finance the #220k at a better rate. She has 2 properties recently valued at $600k so security isnt a problem…[Read more]

jim became a registered member

Fri, 19 Jun 2015 01:49:50 +0000