hi I would like some advise as to how I should go about refinancing a loan.
My husband and i are seperating and we have two properties that we have both equally paid for in all respects. We also own a company where we are partners, which has been succesful and averages around $700,000 turn over per year.
We own two properties an appartment and a farm…I want to take over the loan on the farm…My name is not on either of the properties titles they are both in his, due to the part x agreement. I finished paying off the part x agreement 2 years ago and got a letter to say that I was discharged from it and paid everything.. on time everytime.
What are my chances of getting a loan to take over the payments on the loan for the farm?ddd,
Sorry to hear about your current position.
Think there are 101 questions which need to be raised prior to an answer.
In short what loan to valuation are we looking at ?
Can you show satisfactory income evidence to support the loan ?Is it a working farm and where it is located.
Richard Taylor | Australia's leading private lender
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