{"id":1460,"date":"2016-01-23T16:22:30","date_gmt":"2016-01-23T08:22:30","guid":{"rendered":"http:\/\/people.utm.my\/noorsidi\/?p=1460"},"modified":"2016-01-23T16:22:30","modified_gmt":"2016-01-23T08:22:30","slug":"8-most-helpful-finance-hacks-4","status":"publish","type":"post","link":"https:\/\/people.utm.my\/noorsidi\/2016\/01\/23\/8-most-helpful-finance-hacks-4\/","title":{"rendered":"8 Most Helpful Finance Hacks"},"content":{"rendered":"<p><strong>4. Use different lenders for each property to avoid cross-collateralising your assets<\/strong><br \/>\nCross-collateralising your loans is not recommended, as it will put a major roadblock to building<br \/>\nyour property investment portfolio.<\/p>\n<p>For example, if you own a property that you wish to sell and it is cross collateralised with other<br \/>\nloans, your lender may insist that you use the monies from the sale to pay down your loans so<br \/>\nthat your portfolio is kept at a certain LVR.<\/p>\n<p><strong>Other reasons:<\/strong><\/p>\n<ul>\n<li>The lender can limit your borrowing options, such as only offering a principal &amp; interest instead of an interest-only loan, citing exposure limits as their reason.<\/li>\n<li>Fees &#8211; including exit fees for fixed loans &#8211; can be significant, making it very costly and difficult to change lenders.<\/li>\n<li>Your properties are valued as one asset, so if you have one property which fails to perform it negates the capital growth of your other properties.<\/li>\n<li>To avoid the risk of cross-collateralisation, choose different lenders for each of your loans.<\/li>\n<li>Be aware that even if you have sole and separate loans with one lender, many load documents have what&#8217;s \u00a0known as an \u00a0\u201call monies\u201d or \u201call securities\u201d clause which has the same\u00a0effect as cross-collaterisation.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>4. Use different lenders for each property to avoid cross-collateralising your assets Cross-collateralising your loans is not recommended, as it will put a major roadblock to building your property investment portfolio. For example, if you own a property that you wish to sell and it is cross collateralised with other loans, your lender may insist &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/people.utm.my\/noorsidi\/2016\/01\/23\/8-most-helpful-finance-hacks-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;8 Most Helpful Finance Hacks&#8221;<\/span><\/a><\/p>\n","protected":false},"author":18926,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1460","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/posts\/1460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/users\/18926"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/comments?post=1460"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/posts\/1460\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/media?parent=1460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/categories?post=1460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/tags?post=1460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}