Search found 3 matches

by Duran
Thu May 30, 2019 3:02 pm
Forum: Home Loan Forum
Topic: How much can I borrow with a 120k BAS turnover?
Replies: 5
Views: 950

Re: How much can I borrow with a 120k BAS turnover?

That looks very promising. I could probably get something from my accountant as well to that effect. Btw, what’s the difference between an accountant’s letter and declaration? Aren’t they the same?
by Duran
Wed May 29, 2019 7:37 pm
Forum: Home Loan Forum
Topic: How much can I borrow with a 120k BAS turnover?
Replies: 5
Views: 950

Re: How much can I borrow with a 120k BAS turnover?

That's great. While surfing the net, I came across an article which announced RAMS have stopped doing low doc loans. Am I looking at paying a higher interest rate because of this? What’s stopping the other lenders from jacking up their interest rates?
by Duran
Wed May 29, 2019 6:13 pm
Forum: Home Loan Forum
Topic: How much can I borrow with a 120k BAS turnover?
Replies: 5
Views: 950

How much can I borrow with a 120k BAS turnover?

I’m an independent contractor (sub-contractor) set up as a sole trader. Previously, I worked as a PAYG employee with the same contractor till 2 years ago when I registered my ABN. The first year’s turnover wasn’t really great, but I’ve been steadily getting more work. I’m fully contracted for the ne...

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