Search found 3 matches
- Thu Mar 28, 2019 12:18 pm
- Forum: Home Loan Forum
- Topic: How much will I be able to borrow with an acreage loan?
- Replies: 5
- Views: 11675
Re: How much will I be able to borrow with an acreage loan?
I’ve been going through your website and it looks like I’ll need to pay the LMI. How much LMI will I be in the hole for?
- Wed Mar 27, 2019 7:52 pm
- Forum: Home Loan Forum
- Topic: How much will I be able to borrow with an acreage loan?
- Replies: 5
- Views: 11675
Re: How much will I be able to borrow with an acreage loan?
We’ll have some livestock and plan to grow vegetables solely for our own consumption. How do I make sure that my property is considered a lifestyle block instead of a commercial property?
- Wed Mar 27, 2019 5:14 pm
- Forum: Home Loan Forum
- Topic: How much will I be able to borrow with an acreage loan?
- Replies: 5
- Views: 11675
How much will I be able to borrow with an acreage loan?
Hi, I’m looking to purchase an 11.83-hectare site in the rapidly expanding outskirts of south-western Sydney. This will be more of a lifestyle block than anything else. The listed price is $400,000, so I’m trying to figure out how much I’ll be able to borrow or if I’ll have to look for a more modest acreage. What do banks look for in a residential acreage/lifestyle block?