All Topics / Finance / Still a nightmare!

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  • Profile photo of SooshieSooshie
    Member
    @sooshie
    Join Date: 2002
    Post Count: 974

    Imagine finding an ideal cash flow positive property or investment property, going through all the legals, tying up the contract and then the bank takes 6 months to process your application!
    What I still find SO hard to believe is how long it takes for the paper shufflers to actually do their job. The incompetance of so many paper pushers who get commission on your loans… and for what! I don’t know if I am alone in this, but the real deal breakers are the banks – the very institutions which are there to make money off our ventures. .Go figure!
    On a good note..it did come through and as it was an oddball property we were very to get it and the pain was worth it…
    Hope you all had a happy Easter
    Sooshie [biggrin]

    p.s. Haven’t Steve and Dave done a fantastic job at this site..looks so spiffy ! Awesome guys [specool]

    When a problem is created the solution is created simultaneously

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    6 months is a rather long time. Hope you didn’t have a 42 day settlement!

    Why did it take so long, and why didn’t you just go elsewhere?

    Terryw
    Discover Home Loans
    Parramatta
    [email protected]overhomeloans.com.au
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    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Terry I agree.

    What do they say about Patience. Found in every woman but rarily in a man.

    Richard Taylor
    Residential & Commercial Finance Broker
    **Lodoc Commercial loans from 7.19%**
    Licensed Financial Planner
    http://www.yourstatefinance.com
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    Ph: 07-3720 1888

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
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    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of brahmsbrahms
    Participant
    @brahms
    Join Date: 2004
    Post Count: 485

    six months sounds pretty oddball to me….to borrow your words sooshie.

    six days is more like it in most brokers worlds – unless its in the boonies then who knows.

    cheers

    brahms
    Purveyor of Fine Finances
    aka Mortgage Broker Brisbane

Viewing 4 posts - 1 through 4 (of 4 total)

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