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Cashflow mortgage, anyone using one

Discussion in 'Real Estate' started by nitro-nige, 30th Jul, 2007.

  1. nitro-nige

    nitro-nige Well-Known Member

    Joined:
    8th Mar, 2007
    Posts:
    49
    Location:
    Reservoir, Melb
    Hey.

    I've been looking at mortgages and came across the cashflow mortgage. Is anyone using one?
    I'm not sure if it's to good to be true. Would you pay more in the long run. Surely banks can't be that friendly.

    Cheers Nige.
     
  2. Simon

    Simon Well-Known Member

    Joined:
    17th Sep, 2005
    Posts:
    520
    Location:
    Newcastle
    Can you give us a para about it or a URL??
     
  3. nitro-nige

    nitro-nige Well-Known Member

    Joined:
    8th Mar, 2007
    Posts:
    49
    Location:
    Reservoir, Melb
  4. bundy1964

    bundy1964 Well-Known Member

    Joined:
    22nd Dec, 2006
    Posts:
    351
    Location:
    Adelaide, SA
    Apart from capitalising your interest there seems to be little information given.

    I have had a look at Perpetual Funding Group Home Page for setting up a new share fund from the house equety. Simpler low/no doc and investing the loan amount in income assets to pay the loan and margin the rest into growth assets.