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  • Profile photo of jimjim
    Participant
    @james22
    Join Date: 2015
    Post Count: 3
    June 19, 2015 - 11:02 pm

    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 don’t seem too bad. I was concerned about exit fees but it seems such fees have now been eliminated except for small administrative and government charges. at least that’s what I have been led to believe by information posted on La Trobes web site.
    I`ll let you know more about that spotters fee when I have more details.
    Thanks for your help and info.
    Jim

    • This reply was modified 10 years, 10 months ago by Profile photo of jim jim.
    Profile photo of jimjim
    Participant
    @james22
    Join Date: 2015
    Post Count: 3
    June 19, 2015 - 9:45 pm

    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. Personally I`ve never dealt with these type of second tier lenders before. Which would be the better, Bluestone or LaTrobe?
    Thanks in anticipation.
    Jim

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