Hi all,
I am a new migrant which just started (less than a month) to Earn: $1300/Week before tax.Employed since March ’05 as an project engineer.
Staying at rental property.
3 dependants,
no loans, credit cards, store cards.
No savings history.Would I be able to get a loan?
I’m looking at investing houses from $180,000 to $300,000 with possibilities of re-development but would like to get pre-approval for an amount before I go shopping.Are there suitable loans for my situation?
[cap]Wealth and health
Yes there is – depends a lot on your deposit.
I suggest you contacvt a mortgage broker and just get some advice at this stage to help with your planning.
All the best,
Simon Macks
Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
You should try to establish a good credit rating so you can borrow large amounts of money quickly on an unsecured basis.
If you don’t alredy have a good credit rating , open checking accout at several banks. Find those whose loan officers are friendly and interested in helpin gyou establish a credit rating of through borrow small amounts of money. I believe there will plenty of banks in your area to deal with, and banks are in a keenly competitive business so YOU are the BOSS and don’t be afrid to get up and walk out of a bank that is not reponsive to your needs and wisheds.
Hope this helps
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[email protected]https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=16549
JackHu,
I think its time for you to go away. The same answers to different questions, and the same garbage you are peddling ie your free giveaways. You are doing the same thing on the sommersoft forum.
You add no value.
There must be a full moon?
Quote:Originally posted by JackHu:You should try to establish a good credit rating so you can borrow large amounts of money quickly on an unsecured basis.
If you don’t alredy have a good credit rating , open checking accout at several banks. Find those whose loan officers are friendly and interested in helpin gyou establish a credit rating of through borrow small amounts of money. I believe there will plenty of banks in your area to deal with, and banks are in a keenly competitive business so YOU are the BOSS and don’t be afrid to get up and walk out of a bank that is not reponsive to your needs and wisheds.
I don’t agree with this advice. It will only clutter up your credit record and will be of no benefit whatsoever.
I suspect this might be a US technique which seems to be what Jack bases most of his advice on.
Cheers,
Simon Macks
Finance Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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