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  • Profile photo of K_YK_Y
    Participant
    @mus3
    Join Date: 2014
    Post Count: 4
    May 25, 2014 - 10:27 pm

    Thank you Richard. I am in the midst of getting some professional advice. I appreciate yours and the other members input and will keep the above in mind.

    Profile photo of K_YK_Y
    Participant
    @mus3
    Join Date: 2014
    Post Count: 4
    May 21, 2014 - 8:54 pm

    Hi all, thank you for your replies.

    Thank you Jamie for clearing that up for me – I was under the impression that I will be able to use guarantor… In saying that, does that mean I can use them to put up another 10%, so taking my total deposit to 20% and avoid the LMI and also reduce the amount I need to borrow which may tie me over…?

    I will give definitely give some thought about making it into an IP if things dont stack up – better to lose the FHOG than the whole deposit…!

    Professional advice is definitely my next steps :)

    Profile photo of K_YK_Y
    Participant
    @mus3
    Join Date: 2014
    Post Count: 4
    May 20, 2014 - 9:53 pm

    Hi Richard, thank you for your reply.

    It is a one part contract where it is a house and land package. I have yet to receive a transfer of title or something similar… Not sure if this is what you meant.

    At the time of singing, it was under both of our names.

Viewing 3 posts - 1 through 3 (of 3 total)