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Froggy $

2,296 Posts.

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28/01/19

17:15

Post #: 37243114
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Originally posted by Yowie21: ↑

I'll have a read.

NAB are getting very risk adverse which I feel is going to hurt them, just had a friend knocked back on a home loan on a very minor issue unrelated with his capacity to service the debt. Guy comes from a good family with a long business history, all are well off but have finance cross linkages that any family with pooled assets have which has seen him turned down. The reality is that his serviceability would improve as the repayments net out lower than rent and if he was so inclined he could buy in cash but being very early 30's he wants that money earning him money and any interest burden of the loan should be covered by capital appreciation.

Of all the banks Ken Henry was by far the worst at the RC and by a wide margin, not all is well at the NAB.

FG wont we see the fibreglass sales deal before the quarterly? WG said within weeks.

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overdue on firestop too...
and whats with flexegraph @Idjut
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