All Topics / General Property / Finance for Purchase

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  • Profile photo of JohnLizJohnLiz
    Member
    @johnliz
    Join Date: 2003
    Post Count: 2

    Hi there to you all,

    After much reading & research I have managed to find a +ve cash flow property which happily satisfies the criteria as outlined in “Buyer Beware”.

    This property is due to settle 12.12.03 and problem is that no major lender is willing to lend the $32K (80%) to enable settlement.

    Can anyone please help?

    John
    0419 993 553
    [email protected]

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429

    John

    Contact any one of the numerous mortgage brokers on this forum.

    Alternatively, get a personal loan for $30K or higher if the bank will give it to you. This will solve the short term problem. Then you could look at refinancing with a bank, and without so much pressure.

    But first, approach some of the minor lenders, and the brokers are the best to tell you who will go for your property (I’m guessing it’s in a postcode that is blacklisted by the banks?).

    Cheers
    Mel

    Profile photo of kay henrykay henry
    Member
    @kay-henry
    Join Date: 2003
    Post Count: 2,737

    European Quality,

    Welcome to your first post…

    Why won’t any major lender loan you 32K?

    kay henry

    Profile photo of JohnLizJohnLiz
    Member
    @johnliz
    Join Date: 2003
    Post Count: 2

    I have no credit issues. Consistent feedback is…too small an amount!

    Looking for possible lenders here, so if you can help…please do not hesitate

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913

    HI John,
    Can you post or e-mail to me more information,
    income,debt,current loans,equity, ect.
    There may be a light at the end of the tunnel [:)]
    Kind Regards
    Steven

    [email protected]
    http://www.mobilemortgagemarket.com.au
    Ph: 0402483216

Viewing 5 posts - 1 through 5 (of 5 total)

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