Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of giladgilad
    Member
    @gilad
    Join Date: 2004
    Post Count: 64

    May seem like a silly question, but does the client have to put down a deposit in a wrap deal?
    Is it for additional security?

    Gilad

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,173

    Yes. The wrappees usually have to put down a deposit. Some people are able to use the FHOG as their deposit-on the cheaper properties.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.