All Topics / Finance / HELP – SINGLE INCOME HOME LOAN FOR INVESTMENT PROP

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  • Profile photo of CIARALINCIARALIN
    Participant
    @ciaralin
    Join Date: 2004
    Post Count: 5
    November 5, 2004 - 2:02 pm

    HI EVERYONE

    * NEED HELP WITH DECIDING HOME LOAN FOR SINGLE INCOME FEMALE

    * FEELING MARGINALISED BY THE BANKS

    * INCOME 40K GROSS
    * RENT $90PF INC ELECT / SUBSIDISED BY EMP
    * CREDIT CARD LIMIT $1000 (NIL OWING)
    * CAR LOAN $200PF ($18000 OWING)
    * PERSONAL LOAN $150PF ($4050 OWING)
    * DEPOSIT $10350
    [confused2]

    Profile photo of Mobile MortgageMobile Mortgage
    Member
    @mobile-mortgage
    Join Date: 2003
    Post Count: 913
    November 6, 2004 - 9:29 am

    Hi Ciaralin,
    Don’t feel marginalised by the Banks contact a Mortgage Broker, your situation is not that bad,

    Based on your figures the current level of personal debt (car & personal loans) has decreased your max borrowing capacity by an estimated $100K, however, any proposed rental income will help to increase your serviceability and borrowing capacity.

    Regards
    Steven
    Mortgage Broker

    [email protected]
    http://www.mobilemortgagemarket.com.au
    Ph:0402483216
    Ph:1800 820 500
    VICTORIA

    PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

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