Search found 7 matches

by Booey00
Wed May 27, 2020 8:46 am
Forum: Home Loan Forum
Topic: Purchase of Rural Land
Replies: 0
Views: 114267

Purchase of Rural Land

Good morning,

Looking at purchasing some rural land up to 125k.

My question is, can i also include a personal loan into the mortgage?

Personal Loan is worth 34k

what would the repayments be for that type of loan be and what would the requirements be? eg deposit.

thank you for your help
by Booey00
Wed Nov 13, 2019 1:53 pm
Forum: Home Loan Forum
Topic: Can we get a loan with Minimal deposit
Replies: 1
Views: 68454

Can we get a loan with Minimal deposit

Hello,

Im a long time follower, looking for some advice.

My wife and I are looking at purchasing my first home and her second.

Combined income is 180k per year
Car loan of 36k
personal loan of 16k
No other debt

Both very stable employment, currently renting at $450 per week, same place for 3 years.

Unable to have a Guarantor

We have 10k in savings and could borrow another 15k as a "gift"

Looking at purchasing something under 500k

What else do we need to do to get into the market?

Thanks for all your help.
by Booey00
Wed Oct 14, 2015 3:36 pm
Forum: Home Loan Forum
Topic: what do i require
Replies: 3
Views: 14180

Re: what do i require

Hi Matthew,

I have got a copy of my credit report and it does not have my bankruptcy on it. As for savings, we don't really have that much as we have put all out spare money towards paying off our debt (except the car loan).

would our rent of 440 per week go towards savings?

As for guarantor, both our parents are semi retired, but both do own their own properties. but my question would be, if they were to be guarantor for us, would that affect their chances if they wanted to purchase another property or even get a loan?

thanks
by Booey00
Wed Oct 14, 2015 1:53 pm
Forum: Home Loan Forum
Topic: what do i require
Replies: 3
Views: 14180

what do i require

Hello

i have read a lot on your forum and found the information fantastic, but if possible i would like to see what we can do in our personal situation.

so quickly,

i am a discharged bankrupt (just over 7 years) earning 85k per year with car loan of 33k remaining.

my wife earning 65k a year car no debt. ok credit rating

what do we require to get our first home loan, does our rent go towards savings? can we consolidate my debt into the purchase loan?

we pay 440 per week in rent, can this be used as "savings" towards a loan?

thanks in advance for your help

thank you
by Booey00
Mon Apr 15, 2013 10:13 am
Forum: Home Loan Forum
Topic: Chances of a loan
Replies: 1
Views: 9328

Chances of a loan

Hi and thanks for reading.

Long story short... Becasue if a marriage split up i walked away with 25K card Debt 8 K personal loan and 25 K car loan.

I currently earn 80K a year. What do i need to do to get a loan? Can I consolidate it all into a home loan or should I consolidate all my debt into a loan and pay it off asap?

I am now remarried and they earn 65K no debt but is a discharged bankrupt (over a year ago)

should we apply together or just myself and refinance in a few years when my partners credit file is better?

Thanks for your time
by Booey00
Wed Feb 01, 2012 11:36 am
Forum: Home Loan Forum
Topic: Buying information
Replies: 1
Views: 5665

Buying information

Hi thanks for reading:

My partner and I are looking at buying a house, We are first home Buyers also,

Im getting discharged from my bankruptcy later in the year but we want to start sorting everything out now and see what has to be done to achieve buying a home.

What do we need to do in order to get a loan, eg, How much savings do we need and is there anything else we need to do. My partner has a clean credit file, but has a loan less than 15K and a couple of credit cards.

Becasue of my bad credit file, Is it worth having an investment property first, or are we able to just go and buy our own property,

thanks
by Booey00
Tue Jan 24, 2012 12:03 pm
Forum: Home Loan Forum
Topic: Soon to be Discharged Bankrupt, Needing some Information
Replies: 1
Views: 6421

Soon to be Discharged Bankrupt, Needing some Information

Hi,

Firstly this is a great site.

ok... the story goes I decided to go bankrupt as my ex one day decided that she did not want to pay some of the joint debt. (that being her 25000 car) and other purchases. I could not afford at the time to pay the debt so i was forced to go bankrupt. Since then as i mentioned above she is now my ex. im now married and getting discharged in July.

We are wanting to purchase our first home in the near future. Im earning 60k plus car my wife is on 80k. we are wanting to spend 500k

What do i need to do to get a home loan (obviously after july). we have some good savings so far of 20k by the end of the year 30k plus we are paying 550 p/w rent.

I have no other debt my partner has a personal loan of 15k and 2 credit cards totalling 15k.

Am i better off purchasing something at a small value with finance and paying it off early?

Thanks for your help