Hey all,
Im 17, I don’t have a job, but ihave about $50k that i want to spilt up into two deposits. I am looking for 1 or 2 cash flow positive house that abide by the 11 second rule. What stance would that bank take if i wanted to take out a loan of save 80% value, 20% deposit. And using the rent from the IP to pay off the loan, and still get money left over?
Cheers Matt“If you do what you have always done, you will get what you have always had.”
“Isn’t it time for a change?”
Best I can offer you is a NODOC at 65% @ 6.85% variable.
If you get an ABN then an 80% LODOC is possible but rate will be higher.
Best of luck,
Simon Macks
Mortgage Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Phobia
80% at 7.35% reducing over 2 years available.
Cheers Richard
[email protected]
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
If your looking at country properties, it will be very difficult to get an 80% lend.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
The topic ‘No Job? No Income? Whats my chances?’ is closed to new replies.
