Hello, I’m hoping there are some mortgage brokers here who can help me.
I want to buy an investment property within 12 months. At this moment I have no savings (due to extenuating circumstances) but am going to start now, I have a couple defaults on my credit rating which are for around $500 or less each, I earn 72k a year, plus receive child support.
What do I need to do for the lender that you work for to give me an investment property loan ASAP?
Thanks for your time everyone.
Karin
Hi Karin
Many lenders will ignore small defaults if they are paid and therefore you maybe closer than you think.
Unlikely to get 100% IP loan even saying that so you will need some sort of a deposit plus closing costs.
I am assuming that you own no other property because if you do have a PPOR with some equity then i beleive you should be able to fund 100% plus costs.
Really a little more information is required to give you a proper recommendation.
Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.39%**
Licensed Financial Planner
Ph: 07 3720 1888
[email protected]Richard Taylor | Australia's leading private lender
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