To others in the know,
I have a property that I own outright. Bought it with the profits from a previous sale. I should have applied for a line of credit when I was in my old job….
Now I am self employed. It’s only been a month. Nobody wants to open up a line of credit for me unless I have 2 years self employment history or have been in a job for at least 3 months.
Does anybody know who might open up a line of credit for me without having to go work for someone and burn 3 months.
Regards,
Scissors
PM the Mortgage guru’s on this site – they should be able to help you out.
I’ve found a way to help you save and earn whilst not selling or delivering any product. If interested, drop me an email or PM me to find out how
Have you tried going for a low-doc loan. They seem to not care as much about where your income is from.
Thanks,
LuckyoneHave a look at a LODOC LOC.
There are probably a number of options however it is hard without knowing your specific details,
kind regards,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985NODOC Loan – 65% Loan – No questions asked!
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
You easily could qualify for a No Doc LOC up to 65% of the value of the property without too many hurdles. No Docs = no income needs to be declared, ie virtually an asset 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
Thankyou everyone for for help. Working on it now!!!
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