hi here this is what we have and are we able to invest to get our foot in the door.we bought our house 18 mths ago and paid 350k got it valued last year at 390k i earn 50k and my partner 15k we have 2 kids and no dept or repayment apart from a mortgage if you need anymore info and you can give us some good advice please do all these seminars are doing my head inYou're a long way from Timaru! Where in Oz are you so we can point you in the direction of some help.
hi we are in forest lake sth brisbane thanks
Hi neighbour.
What is the current loan balance and with whom ?
Richard Taylor | Australia's leading private lender
247k ish its a lodoc with westpac thanks
Hi again
I will assume that you still need to look at a lodoc style loan and on this basis the maximum lvr will be 80%.
From the current equity position o think you are going to be extremely limited on what you can and cannot buy.
Based on the fact that you can access circa $65K equity and assuming you will need around $15,000 to cover your stamp duty ect then you will be limited to a maximum purchase price of $200,000.
Of course if your income figures can now be verified then it would be different.
Richard Taylor | Australia's leading private lender
hi here this is what we have and are we able to invest to get our foot in the door.we bought our house 18 mths ago and paid 350k got it valued last year at 390k i earn 50k and my partner 15k we have 2 kids and no dept or repayment apart from a mortgage if you need anymore info and you can give us some good advice please do all these seminars are doing my head in
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