All Topics / Help Needed! / Mortgage Broker who will step up to the crease please.

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  • Profile photo of MrFairGoMrFairGo
    Member
    @mrfairgo
    Join Date: 1969
    Post Count: 93

    (Cross-posted)

    Hi There!

    I have a couple wanting to buy a house from me, but they have no deposit.  I am prepared to lend them up to 20% on a 2nd mortgage carry-back (fully disclosed on the contract)

    Who is knowledgeable enough to find these people a lender who is happy with that?  Property postcode is 4341.  House will easily val at sale price, since we dropped it quite a bit and it's the best value in it's area for its type.

    If you are a broker who knows his/her stuff, call me on 0418 199 277 asap.

    Cheers

    Mr Fair Go

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    Heh Lance hate to say it is not matter of knowing your stuff it is merely a reflection of a change in credit policy amongst lenders.

    As both Terry and i replied to you in the good old days this sort of application was accepted by many a lender.
     
    Even the non conforming lenders wont consider it.

    Richard Taylor | Australia's leading private lender

    Profile photo of MrFairGoMrFairGo
    Member
    @mrfairgo
    Join Date: 1969
    Post Count: 93

    Oh Well.  Time to get more creative.

    There is a way to give these people a fair go – I just have to find it!

    Mr Fair Go

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