Hi all
Im new to this forum and just looking for a bit of advice.
Heres my problem.
Im looking for a loan for a $200,000 property. I have around $33,000 for the deposit, and $7000 from the first home owners grant. But the big problem is that I have no proof of income. Im currently “umemployed”. I am getting money from a family business from overseas, but only starting to receive it now and no records of anything. Basically Im looking for a No Doc 80% LVR loan.NoEnd,
Hope everything goes well with the first property. Here are a few lenders to check out Carrington National, Interrstar. They do NoDoc 80% Regulated.
Please remember that you have to cover your cost for purchasing the house and plus the lenders fees. You may have 20% to deposit on the house, however there are lenders cost and purchasing costs. This will total a couple of grand. As your first home owner, you are exempt from stamp duty on transfer of land up to $250,000. Between $250,000 & 350,000 you have to pay this stamp duty but at a lower cost then normal rates. ANything above $350,000 then you pay the normal rate.
Please any other questions, dont hestiate to ask!
Hope this helps you on your way to becoming a property owner!
Joshua McEwen
Finance Consultant – WAMob:0430 452 497
http://www.prestigeloans.com.auBrokers Lic 1297
Licensee Brett ChristieThanks josh for your help.
I tried Carrington National and they told me i needed an ABN for 2 years [glum]. Do you know which brokers deal with Interstar so i could try them.
Thanks in advance for your help.
Rob
Hi there
We deal with Internstar wo would be happy to give you quote from them.
Sorry could have told Carrington require 2 Years ABN.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
Hi again
In saying that Interstar No Doc is actually 70% it is the Lodoc deal that they will do at 80%.
GE do not check ABN ‘s and Interstar until recently have been in the same boat. You do however need to declare an Income and a source of where the income is coming from.
Email me if you want further details.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
richard@yourstatefinance.com
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
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