Could you please post the name of the issuer of this Capital Guranteed bond?
Does the artical suggests who lends against these bonds? and do banks lend against the maturity value or teh current value?
Hi Guys thanks
Let me answer some of the questions
Situation when I took the loan
Yes the 106% lona was full doc loan
Myself and my partnerboth Employed PAYG but not eligable for FHB grant.
Rather than renting we went for this 106% loan at high rate
Wife = working
Myself = Self employed, new consulting business no guranteed income.