Property BuyerParticipant@gaucijJoin Date: 2018Post Count: 4
Generally, how are the financial institutions currently treating requests to increase existing lines of credit ? For instance, if I wanted to increase these to 75% LVR, how should I expect them to react to such a request ?
TerrywParticipant@terrywJoin Date: 2001Post Count: 16,110Property BuyerParticipant@gaucijJoin Date: 2018Post Count: 4
- This topic was modified 2 weeks, 1 day ago by Property Buyer.
I’m not familiar with cash out restrictions. How do they typically work and what do they involve ?TerrywParticipant@terrywJoin Date: 2001Post Count: 16,110
banks basically don’t want to give borrowers borrowed money without a purpose. Small amounts may be ok, but larger amounts they will want to know what you are going to use the money for and they may want evidence too
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