[biggrin]
Would the banks lend us money if nether of has a recent job history (due to moving interstate) and $80,000 in equity on a cashflow nuetral property? I have 2 self employment tax returns and my husband is about to finish up his employment and hopfully become self emplyed when we move. Are we likely to get finance to buy Posative Cashflow Properties? or will my husaband need to build up 2 year self employment tax returns?
Low Doc Finance is available to ABN holders and in some cases PAYG applicants, competitive rates are currently being offered on this type of lending,
Regards
Steven
Mortgage Broker
Mobile Mortgage Market[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIAPLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
female, didn’t we do this already?
Robert Bou-Hamdan
Mortgage AdviserM: 0414 347 771
E: [email protected]
W: http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd
Banks want to see how you are going to repay the loan. They are conservative so not having jobs doesn’t look good!! If you are self employed, with 2 years trading history, that is ok, but if your husband is just starting out in self employment, then they won’t take this income into account at all.
Terryw
Discover Home Loans
Mortgage Broker
Click below to email meTerryw | 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
You can be self employed for one day and still get a Low Doc loan. Terry is referring to Full Document loans – ie: income is verified.
Robert Bou-Hamdan
Mortgage AdviserM: 0414 347 771
E: [email protected]
W: http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd
Yes. I was referring to Full Docs. You can get low docs, but usually the deposit required is 20%, though there are a few 90% LVRs available now on low docs.
Terryw
Discover Home Loans
Mortgage Broker
Click below to email meTerryw | 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
You must be logged in to reply to this topic. If you don't have an account, you can register here.
