[jimParticipant@james22Join Date: 2015Post 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 8 years, 11 months ago by  jim.

[jimParticipant@james22Join Date: 2015Post 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