Im cashed up after selling my property last year and receive an irregular income from daytrading.I have been patiently waiting and watching the house market and am ready to purchase my first +G property.
For all you that have been in, or know of a similar situation i would like to find out if i will find it easy to obtain a loan and if not, are there specilaised institutions that cater for investors like me?
Thank you all for the input!John
Hi John,
The criteria for choosing which lender to apply for funds will depend on a number of factors,
What income some lenders will except for assessing serviceability, another lender may not except,
Income from rent, Your deposit amount (LVR), where your IP is situated (post code) are just some of the factors to be considered when applying for a loan,
I hope this is of some help to you,
Kind Regards
Steven[email protected]
http://www.mobilemortgagemarket.com.au
Ph: 0402483216
The topic ‘Ready to take the plunge!!!!!!’ is closed to new replies.
