Search found 3 matches

by
Tue Oct 15, 2019 3:53 pm
Forum: Home Loan Forum
Topic: Will lenders assess the income of my part-time job and business?
Replies: 5
Views: 69153

Re: Will lenders assess the income of my part-time job and business?

OK, good to know. Do I have to pay Lenders Mortgage Insurance, cause a self-employed buddy of me had to pay it?
by
Tue Oct 15, 2019 3:04 pm
Forum: Home Loan Forum
Topic: Will lenders assess the income of my part-time job and business?
Replies: 5
Views: 69153

Re: Will lenders assess the income of my part-time job and business?

Thanks for the info. Will the interest rates be higher since major banks won’t be accepting my application?
by
Tue Oct 15, 2019 2:29 pm
Forum: Home Loan Forum
Topic: Will lenders assess the income of my part-time job and business?
Replies: 5
Views: 69153

Will lenders assess the income of my part-time job and business?

We are having trouble getting a home loan with a $90,000 deposit and looking at a house worth $415,000. My partner and I work part time and we also have our own business since February 2018. I earn $35,000 p.a.and he earns $40,000 p.a. These are just estimated numbers. We applied with ING, but they declined our application as our ABN hasn’t been registered for 2 years. Will lenders assess the income of my part-time job and business?