Search found 3 matches

by Monica C
Tue May 14, 2019 6:11 pm
Forum: Home Loan Forum
Topic: Do banks lend to people who've only recently started working again?
Replies: 5
Views: 951

Re: Do banks lend to people who've only recently started working again?

My husband owned a property previously as such we don’t qualify for first home owners benefits. We were gifted $20,000 by my parents, we were planning to use that along with our own savings of $25,000 as the deposit and to cover any miscellaneous costs. Let’s say we’re looking to purchase a $45k pro...
by Monica C
Tue May 14, 2019 4:10 pm
Forum: Home Loan Forum
Topic: Do banks lend to people who've only recently started working again?
Replies: 5
Views: 951

Re: Do banks lend to people who've only recently started working again?

We want to start doing our research on possible properties we can afford. Based on our income stated above, what’s the maximum amount we can borrow? We have two credit cards between us with a $2000 balance ($10,000 limit) and a monthly car payment of $400 ($12,000 remaining). No other debts.
by Monica C
Tue May 14, 2019 2:18 pm
Forum: Home Loan Forum
Topic: Do banks lend to people who've only recently started working again?
Replies: 5
Views: 951

Do banks lend to people who've only recently started working again?

I’ve only recently started a new job after taking a year off to take care of our baby boy. I’m re-entering the workforce and we’re looking to buy a house. My husband works full time and earns roughly 70k p.a. before tax, and my income will be 45k p.a. with my current hours. I read somewhere that ban...

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