Property Financing

WARNING: BANKS WILL TRY TO RESTRICT YOUR BORROWING AND WEALTH BUILDING POTENTIAL

Let’s say you’re securing a loan for that first investment property. And you’re going it alone. The banker will smile and congratulate you but, as soon as you sign on the line, you may have handcuffed yourself to the bank and their most restrictive form of loan. The call it “Cross Collaterilisation” (or X-Coll) and it’s one way banks can miminise risk.

You can’t blame them for selling this type of loan. In many cases, banks lure unsuspecting property investors into these loans with lower interest rates and other ‘teaser’ incentives.

The downside for borrowers? The ‘X-Coll’ loan can severely restrict your ability to finance additional properties when you start to pick up momentum.

At Future First, we can help you avoid this type of restrictive loan. We have developed successful relationships with several excellent lenders who provide financing that helps you avoid the dreaded ‘X-Coll.’

Learn about financing structure and other ‘insider’ details when you meet with one of our friendly consultants in the comfort of your own home. To schedule an appointment, call 1300 552 362 or email here.