We are looking to purchase our first home.
100k pa income
50k debtLooking at an interst only loan for around 400k with 20k deposit.Is this likely to happen?
Best regards.
As long as there are niu surprises you will have no trouble getting into a professional package.
LMI will be expensive but may be capitalised with the loan if required.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
As MA said, it shouldn’t be too much trouble at all.
Go here for more info:
http://moneymanager.smh.com.au/tools/calculators/borrowingpower.htmlRgds.
Lucifer_au
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