This is exactly why savvy business owners & property investors - TopicsExpress

This is exactly why savvy business owners & property investors suggest to spread your borrowings over a number of banks. EXAMPLE: You have two properties. Property A has borrowing of $300,000 and Property B has a borrowing of $600,000. Property A sells for $400,000 and you want to repay the $300,000 loan and keep $100,000. The bank, however, requires you to use the sale proceeds to reduce your borrowing to $500,000.

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