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  • Profile photo of damonqshleydamonqshley
    Member
    @damonqshley
    Join Date: 2004
    Post Count: 5

    Hi there,

    My partner and I are trying to buy our first home in Queensland, but we keep coming into some trouble.

    My partner is contractor and has been for about 10 or 11 months. We have our own ABN and he pays his own tax.

    We are earning good money and paying high rent and would like to find someone who can help us out.

    I am unemployed but I have been helping run his business since October on 2003. I am currently on the dole earing $380 a fortnight.

    CAn someone please let me know of anyone who does Vendor Financing as we don’t have any deposit.

    Thanks heaps,
    Damon

    Damon Zasosso

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781

    How much is the house and are you entitled to the FHOG?

    Cheers,

    Simon Macks
    Mortgage Broker
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of damonqshleydamonqshley
    Member
    @damonqshley
    Join Date: 2004
    Post Count: 5

    Hi there Simon,

    The real estate has the house at $280,000. And yhes we are entitled to FHOG.

    Damon Zasosso

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781

    I was hoping it would be a cheapie where the FHOG would help significantly!

    In this case most lender would require a genuine saved $14000 deposit, saved over 6 months.

    Do you have access to any funds through family? Or a relatives property that can be borrowed against for a deposit?

    There are a few different strategies you can explore first.

    Cheers,

    Simon Macks
    Mortgage Broker
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Viewing 4 posts - 1 through 4 (of 4 total)

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