Search found 3 matches
- Wed Aug 14, 2019 10:37 pm
- Forum: Home Loan Forum
- Topic: Can we get a home loan while on maternity leave?
- Replies: 5
- Views: 11258
Re: Can we get a home loan while on maternity leave?
Thank you. My current annual take-home pay is $49k approx. and my wife’s income will be $52k once she returns to work. We have a couple of credit cards with a credit limit of $12,000 and minimal balance - I think around $900 or so. We also have a car payment at $350 monthly. Based on our situation, how much do you reckon we can borrow? How long does it typically take for a pre-approval?
- Wed Aug 14, 2019 7:47 pm
- Forum: Home Loan Forum
- Topic: Can we get a home loan while on maternity leave?
- Replies: 5
- Views: 11258
Re: Can we get a home loan while on maternity leave?
I figured as much. Does a gift from parents count as funds to prove you can afford the loan while on leave? What about government benefits?
- Wed Aug 14, 2019 6:44 pm
- Forum: Home Loan Forum
- Topic: Can we get a home loan while on maternity leave?
- Replies: 5
- Views: 11258
Can we get a home loan while on maternity leave?
Hi, we just had our first child! We’re both full time employee but my wife will be on maternity leave for the next 4 months to recover. We intended to buy a home and had saved up a deposit $50,000 before having our child but we had to hold off on that. Now that we’ve settled a bit, my question can we get a home loan while on maternity leave? Which banks? What do I need to provide?