We have been discharged, currently in our 5th year.
We have $20,000 in the bank. Combine income $110,000.
Do you think a finance company will lend us roughly $350,000?
Thank you
Trish
Discharged Bankruptcy
- Otto Dargan
- Mortgage Specialist
- Posts: 7730
- Joined: Sat Sep 06, 2008 5:55 pm
- Location: Sydney, Australia
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Re: Discharged Bankruptcy
Hi Trish,
You may be able to get a loan for 85% or 80% of the property value. 90% is unlikely. Do you think this may be possible? Discharged bankruptcy is very much a case by case basis as the rules that specialist lenders have are quite complex. Expect to pay a higher rate than normal bank rates.
You may be able to get a loan for 85% or 80% of the property value. 90% is unlikely. Do you think this may be possible? Discharged bankruptcy is very much a case by case basis as the rules that specialist lenders have are quite complex. Expect to pay a higher rate than normal bank rates.