All Topics / Help Needed! / Finance Preparation

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  • Profile photo of perth25perth25
    Member
    @perth25
    Join Date: 2004
    Post Count: 4

    Hello all, I was wondering what advice someone could give me in being eligible for finance (namely principle and interest).

    I have just finished 4 years of university prior to sometime in the Army. I have a fairly moderate deposit but are worried because I am going back into the work force and not eligible for a loan due to the short time of employment.

    I’m sure there are companies out there but I dont want to pay high interest rates and dont know if fixed or variable rates are better.

    Kind regards, Richard

    Profile photo of Fast LaneFast Lane
    Member
    @fast-lane
    Join Date: 2004
    Post Count: 527

    I think you only need a full time job for three months to qualify for a loan, but not too sure. Have a yak to some of the creative mortgage brokers on the site.

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

    I was in the Army too.

    There are all sorts of lender and as long as you are not on probation then we shouldn’t have to much trouble.

    Talk to a mortgage broker – there are plenty of us around.

    Cheers,

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    NODOC Loan – 65% Loan – No questions asked! 6.85% Rate!!

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

    Profile photo of perth25perth25
    Member
    @perth25
    Join Date: 2004
    Post Count: 4

    Thanks guy’s, I have made contact with a mortgagae broker (from this site) to see where I stand, kind regards Richard.

Viewing 4 posts - 1 through 4 (of 4 total)

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