All Topics / Finance / Seeking Vendor Finance – Help!

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  • Profile photo of EmmaSeeksFinanceEmmaSeeksFinance
    Member
    @emmaseeksfinance
    Join Date: 2009
    Post Count: 5

    Good Morning All

    I am seeking vendor finance. I would like to buy a property in the Latrobe Valley area of Victoria. Here are the facts up front:

    I am a dishcharged bankrupt (messy divorce left me holding the bag financially) did not default on mortgage and all loan payments were up to date prior to filing.

    I am not eligible for FHOG.

    I am 32 years old and earn $60k per year. I have one child.

    Currently I pay $125 per week rent on a house in Morwell, and am saving $200 per week.

    I can afford comfortably approx $250 per week in repayments.

    I have few preferences for the home – something needing work is fine, I just want to start over.

    So far I only have a small deposit, but have heard of vendor finance being offered with a deposit as low as $1000-$2000.

    My Mother who owns a $350k home in Mornington Vic will co-sign for the loan if required.

    Please don't judge me like that Spud guy. I don't have multiple cars or excess anything lol.

    If anyone is able to help me – I would love to talk to you. Please email me at [email protected] or sms or call me on 0414 489 998.

    Thanks & Regards

    Emma

    Profile photo of ducksterduckster
    Participant
    @duckster
    Join Date: 2004
    Post Count: 1,674
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