I have recently acquired a new job with a global company and am just 19 years of age. I would like to purchase my own property and remember a great link in the forum where people that rent may use that money to buy a property instead. Could be something to do with vendore finance. I was just interested if anyone can remember that post and direct me to the website or they know of anything similar as I wish not to rent but buy a property but obtainng a loan will not be so easy. Cheers.
sang-froid
spi, I guess what you are seeking is definitely a wrap purcase. However, before you go there, I would suggest contacting a mortgage broker to see if you have any other options.
If you still want to look for a wrap, check out the Vendor Finance Assoc website on http://www.financewraps.asn.au
Cheers
MelAs Mel wisely pointed out you will need to ensure that this is your best option beofre yo utake it.
Perhaps there is a mortgage out there that will allow you to purchase the property on your own.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
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.
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