Search found 3 matches

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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?
by
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?
by
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?