Hello Again All
Well let me update you, two years ago my mum got a mortgage for me on a property using her home as collateral in Traralgon.
I have renovated thoroughly and will make a $35k (I hope) profit when I sell.

I am relocating to Queensland for a lifestyle change (my brother and his family there at the start of this year).

Mum isn’t…[Read more]

Well turns out I need a much bigger deposit for the person who offered to help – So I am still seeking help! Can afford $2000 deposit at the moment, I know it will mean higher repayments but I just want to get into the market so I can start fixing something up and then in 2-3 years time have some equity to refinance with.So if you are someone who…[Read more]

Thank you so much for all of your reponses – I am learning all I can about vendor financing.I have one important question – does the vendor own the house 100% before they can finance it to me? or is there a risk that they could default and I could lose the house?Houses in my area can easily be bought under $100k so I don't think i will have…[Read more]