jim&nik

Ozzy mortgages

    Recommended Posts

    Please could anyone help. What is the rule of thumb to work out what you can borrow as a house buyer.:confused: short and sweet.

     

    JIM.

     

    Got to go new deadliest catch is on.;)

    Share this post


    Link to post
    Share on other sites

    If you look for Andrew Williams on here is is a mortgage broker(think thats the correct term).

     

    He has sorted us and lots of other poms out with very good deals.

     

    If you can not find him let me know and i will find him for you.

     

    Rob

    Share this post


    Link to post
    Share on other sites

    Sorry I got no answers Jim - just more questions!!

     

    I'm interested in how much of a deposit is needed nowadays... (looks like we'll be living on fresh air for a while as it is, with our house here not selling, but would still like to buy not too long after we arrive).

     

    Cheers

     

    Hazel.

    Share this post


    Link to post
    Share on other sites
    Please could anyone help. What is the rule of thumb to work out what you can borrow as a house buyer.:confused: short and sweet.

     

    JIM.

     

    Got to go new deadliest catch is on.;)

     

     

    Hi Jim

     

     

    There is no rule of thumb as such, it is based on a number of factors including income,how many adults/children in the household, any fixed expenses, credit card limits etc etc, then each Bank apply a buffer of around 1.5% ish which determines borrowing power.

     

    Happy to provide detailed borrowing power for you based on your circumstances if you want to PM me.

     

     

    Regards

     

     

    Andy

    Share this post


    Link to post
    Share on other sites
    Sorry I got no answers Jim - just more questions!!

     

    I'm interested in how much of a deposit is needed nowadays... (looks like we'll be living on fresh air for a while as it is, with our house here not selling, but would still like to buy not too long after we arrive).

     

    Cheers

     

    Hazel.

     

    Hi Hazel

     

    Certainly 20% is the amount you would want to aim at ideally as it means that you will not pay lenders mortgage insurance (LMI) and as said offers a bit more flexibility.

     

    However if 20% is a bit much then there are Banks/lenders offering higher loan to value mortgages some up to 97% but generally these require very strong applicants.

     

    That said 90% loans at the moment seem to be going through without too many issues.

     

     

    Regards

     

     

    Andy

    Share this post


    Link to post
    Share on other sites
    Guest The Hadleys
    Please could anyone help. What is the rule of thumb to work out what you can borrow as a house buyer.:confused: short and sweet.

     

    JIM.

     

    Got to go new deadliest catch is on.;)

     

    Hi

     

    If anyone is thinking of buying, I work for Elders Real Estate, Aberfoyle/Flagstaff, I will be more than happy to help you find a property.

     

    Just give me a call 0425 381 964

     

    Regards

     

    Dawn

    Share this post


    Link to post
    Share on other sites

    Create an account or sign in to comment

    You need to be a member in order to leave a comment

    Create an account

    Sign up for a new account in our community. It's easy!

    Register a new account

    Sign in

    Already have an account? Sign in here.

    Sign In Now