The Scarlet Pimpernel of funds management - Brisbane Times
brisbane painters. Angelo is not a director of the fund but apparently occupies the position of chairman of the LM First Mortgage Income Fund compliance committee. As such, Angelo really ought to cast his eye over the suitability of his fund assigning $31 million of loans to other LM related parties at an interest rate of just 7 per cent while poor old investors are footing the 15 per cent to 18 per cent interest bill on the loan to Deutsche Bank.
And compounding the mess for investors, another three of LM?s funds have cross unit-holdings in the flagship fund.
" They probably prefer to keep money in their business and their income may be intentionally low compared to a salaried employee.?This is an area where a professional mortgage broker comes into their own through their ability to add value by saving money and time for their clients. If a self-employed borrower wants to ensure they have the very best deal, then using he services of qualified and MFAA approved broker is a good place to start.?Despite the large number of online tools and loan comparison websites, unearthing the best mortgage deal still requires some skill and work.?A good mortgage broker will not only factor in fees in establishing the best deal."
