All Topics / General Property / Att brokers,Advice please re loan

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  • Profile photo of powderfingerspowderfingers
    Member
    @powderfingers
    Join Date: 2003
    Post Count: 47
    December 3, 2003 - 6:54 am

    We are travelling overseas for a year to work
    leaving in a month and would like to know if its
    possible to arrange a construction loan before we depart. My wife is fully employed at the moment on $40,000, I am not.We have a fortnightly family payment of $136. We have $100 000 cash, the land to be settled in Feb next year is $90 000 and the construction amount is $160 000.ppor to be built in July 2004.

    If the mortgage brokers have any ideas please let me know and I will contact you asap.

    Thanks
    Clinton
    powderfingers at hotmail dot com

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    December 3, 2003 - 7:05 am

    If the $100 000 cash is to be used for the purchase then this should be fairly straightforward.

    I would suggest moving as fast as possible in order to have everything sewn up before you depart – last thing you want to do is to sort this stuff out from overseas, I worked OS for 3 years and know what that was like[:D]

    Cheer,

    Simon Macks
    Mortgage Broker
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

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