Browse Forums Real Estate Re: Anyone have / had an interest only loan? 3Sep 18, 2010 7:42 pm How the hell did I become a senior member!? I know nothing! Re: Anyone have / had an interest only loan? 5Sep 18, 2010 8:39 pm How the hell did I become a senior member!? I know nothing! Re: Anyone have / had an interest only loan? 6Sep 18, 2010 9:59 pm Blog: http://bluemistkids.blogspot.com "Never be afraid to try something new. Remember, amateurs built the ark, and professionals built the Titanic." Re: Anyone have / had an interest only loan? 9Sep 19, 2010 3:40 pm How the hell did I become a senior member!? I know nothing! Re: Anyone have / had an interest only loan? 12Sep 24, 2010 10:12 am How the hell did I become a senior member!? I know nothing! Re: Anyone have / had an interest only loan? 14Sep 24, 2010 12:26 pm Hmm. Well, we're totally screwed then. Is our broker irresponsible to be trying to do this for us? If we bid at auction, assuming (90% it seems wrongfully) that we're safe to buy the property (depending of course on the price), and then as it gets closer to settlement, we're told the bank is denying us the loan...well...SCREWED. 100%. In any case, it seems as if we can't bid anyway cause our broker has advised that she can't guarantee the bank will be ready in time for Sunday. *sigh* Great. Another 2-5 years of looking for a place even half as suitable for us. *depressed* How the hell did I become a senior member!? I know nothing! The biggest challenge will be if you take out a loan and then run out of money - you'll have an incomplete security and lenders do not like this so you can get stuck.… 2 20302 ![]() That is a really good attitude Akin to you catch more flies with honey than vinegar. I do enjoy watching that tik tok inspector from Victoria but he does go a little… 12 82815 ![]() How much are you ahead in payments compared to where the build is at? Have you fully drawn down the loan? 5 12530 |