All Topics / The Treasure Chest / Having a ABN

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  • Profile photo of bjozefbjozef
    Participant
    @bjozef
    Join Date: 2003
    Post Count: 15
    September 9, 2003 - 12:36 pm

    In response to one of my questions i was told that having a ABN when getting you home loan will be benificial to you. Can someone tell me how this works??.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    September 9, 2003 - 12:55 pm

    To get certain low doc loans (ie good ones), you must be self employed (for 2 to 3 years). The way banks check on this is to do a search and find when your ABN number was registered. So it may be an idea to register now just in case…..

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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