Hi Yusuf,
Thanks for your enquiry, there are few lenders that will accept Centrelink payment as the primary income source, these lenders generally look more towards large deposit purchases of standard residential property or low lend refinances but unfortunately do not cater for construction. The loan amounts are usually limited fairly low due to servicing restrictions, as the banks view is that these funds are a government benefit to be used to cover your basic living expenses.
centrelink income only
- Grant Martin
- Mortgage Specialist
- Posts: 13
- Joined: Fri Jun 13, 2014 6:54 pm
- Location: Sydney, Australia
- Contact:
Re: centrelink income only
Grant Martin
Senior Mortgage Broker
P | 1300 889 743 E | grant@homeloanexperts.com.au
Home Loan Experts
Senior Mortgage Broker
P | 1300 889 743 E | grant@homeloanexperts.com.au
Home Loan Experts
- Grant Martin
- Mortgage Specialist
- Posts: 13
- Joined: Fri Jun 13, 2014 6:54 pm
- Location: Sydney, Australia
- Contact:
Re: centrelink income only
Grant Martin
Senior Mortgage Broker
P | 1300 889 743 E | grant@homeloanexperts.com.au
Home Loan Experts
Senior Mortgage Broker
P | 1300 889 743 E | grant@homeloanexperts.com.au
Home Loan Experts