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Do You Know What Your Advisor Does I read the following article this morning and while it supports what I have always said, Strategic Asset Allocation provides more return over the long run than Tactical Asset...

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Financial Advisors Deserted By Vishal Teckchandani Fri 26 Jun 2009 More than 25 per cent of wealthy clients in 2008 withdrew their assets from their wealth management firm and deserted their financial...

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It's Happening Already I have been saying this for many years now and it is the main reason why  the companies Financial Gain Australia and then Financial Gain NZ were started. Eventually and...

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I'm in the News City suites are on the rise 4:00AM Sunday May 24, 2009 By Jane Phare Older investors are helping fuel a resurgence in the inner-city Auckland apartment market. The sector...

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Completely Wrong The Reserve Bank has left the Official Cash Rate (OCR) unchanged at 2.5 percent but indicated it may cut again. It's the first time in nine reviews of official interest...

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Professional Investment Services Rss

Father And Daughter Lending

One of our favorite funders was sent application from a father and daughter, to refinance and top up the mortgage on a home owned by the father (and to buy out his ex-wife’s share).

The father was on WINZ and needed his daughter’s support for debt servicing to work. She was in stable employment on a good income. Both had clean credit and the daughter was moving back in to live with her father.

Our friendly lender approved the loan conditional upon the daughter becoming joint owner of the property, i.e. she benefited from the transaction too.

Do you know someone looking for a loan in a similar situation?

Contact us using the contact page

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