Hi ,any one help me with some information, I have never done a wrap…
I have a property I have bought for $170000
would like to wrap it.
what is a normal wrap price ? what should I expect? thanks to all who can help me.[biggrin]
I am learning every day and love reading all the different opinion’s [cowboy2]its not so EZY when you dont know how to start .[buz2]Ezy
Sell the property at say $195,000 charging the wrappee 9.25% over say 25 years.
You make your repayments at 7% on the $170,000 and receive P & I at 9.25% on the higher installment price. Put the extra monthly payment directly into your loan and repay the debt that much quicker.
Cheers Richard
richard at fhog.com.au
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
I’m so glad wrapping is Ezy Peazy for you. I would be scared witless. I guess I wonder how much of a market there is for such a thing.
We are almost neighbours so we must meet for coffee and you can tell me all about your latest venture.
i’m at sandgate Ezy.
MillyTo those that answer’d my question thank you, I am slowly getting the idea.
I love the L letter you put it on and your Learning take it off and your Earning…just better watch where I take it off or I will be BUSTARD…[bobby].
EZY [
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