One of my friends has just landed a full-time job paying just under $30 000, but his actual yearly income would be about $36 000 due to overtime.
He’s got an employment history like a dogs breakfast, has no debts and a credit card limit of $3000.
How long will he need to be there until he can get a full financials loan and what sort of loan amounts would he be looking at?Thanks…G7
mainstream lenders generally like to see 2 years evidence of above base income inorder to take it as ‘ongoing’ – can depend on the industry as well, careers which are well known for o/t and shift work often circumnavigate this requirement.
i’d be a wee bit concerned with the ’employment history like a dogs breakfast’.
more on the employment history would help – particularly if a thread of ‘career’ development could be detailed.
so long as no probation applies, and a reasonable deposit is available, nice if it could be genuine savings – given this there would be a case to make.
difficult to answer how much? cause we don’t know how much deposit, fhog, other property / security?
cheersbrahms
[email protected]
Brisbane
You must be logged in to reply to this topic. If you don't have an account, you can register here.
