All Topics / Finance / A spanner in the works

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  • Profile photo of stargazerstargazer
    Participant
    @stargazer
    Join Date: 2002
    Post Count: 344

    Well i am about to look at refinancing and low and behold IFHL comes along. What am i to do?

    Derivex become the interested party on your mortgage title, so say you want to sell the property, can you sell?

    or

    Need written permission or whatever to Derivex?

    cheers

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493

    Exactly the same as what would happen with a standard lender – You sell and they are paid out on settlement.

    _____________________________________________
    [withstupid]
    The forumite formally known as Big Rob

    Profile photo of stargazerstargazer
    Participant
    @stargazer
    Join Date: 2002
    Post Count: 344

    Hi Rob

    I would imagine the screening is fairly tight are you able to tell me or direct me to the checklist of what they are after for one to qualify for a loan.

    cheers

    Profile photo of Robbie BRobbie B
    Member
    @robbie-b
    Join Date: 2004
    Post Count: 2,493

    I am not an Agent as yet as I have not completed the agreement. This should be finished this week. Send Simon an email and I am sure he can forward the checklist. I don’t think I am allowed without the signed agreement.

    _____________________________________________
    [withstupid]
    The forumite formally known as Big Rob

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781

    Stargazer,

    They are no tighter than other lenders, in fact in some areas I would consider them to have relaxed normal lending practices a surprising amount.

    If you are refinancing a current debt and income levels are unchanged then the process is almost automatic.

    Kind regards,

    Simon Macks
    Interest Free Home Loan Agent
    [email protected]
    0425 228 985

    Please email me rather than using the PM service here.

    Fully Accredited With Derivex LTD and IFHL PTY LTD

    ***Ask about our Interest Free Home Loan***

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Viewing 5 posts - 1 through 5 (of 5 total)

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