[j21Member@j21Join Date: 2012Post Count: 3]

July 25, 2012 - 4:01 am

Give http://www.serviceseeking.com.au a try.

I use it myself for simple work for my own house. I managed to get a room painted for $270, much lower than the rest are quoting.  

Hope it helps.

[j21Member@j21Join Date: 2012Post Count: 3]

July 3, 2012 - 3:36 am

TheFinanceShop wrote:

j21 wrote:

TheFinanceShop wrote:

Hi Kate, You can either cross securitise (i.e use the equity in other properties which you own) or you could possibly take out a personal loan to cover the deposit and stamp duty. The latter option is obviously dependent on a number of things but I would need more information. Regards Shahin Afarin – Property Finance Consultant http://elitepropertyfinance.wordpress.com

I am in the same situation as Kate. How do I go about taking a personal loan? Cross securitise is not the option to go for me, as my current residential property do not have equity yet)

Hi J21, Taking out a personal loan is not an issue. The issue is your specific scenario and ensuring that it fits with the lender's policy criteria. Are you looking to borrow the minimum deposit of 5% plus stamp duty or the 20% plus stamp duty? What is the property purchase amount? Regards Shahin Afarin – Property Finance Consultant http://elitepropertyfinance.wordpress.com

Hi, thanks for the reply.

I am looking to borrow the 10% deposit ($50,000), with the purchase price around 499K. The location is inner city suburb, with no new developments for the next couple years.

Stamp duty is covered by the developer and the rest of the 90% loan is not payable until Q3 2014 when the apartment is built. I was told that I can organise the loan six months before that.

Rental of the apartment is appraised at 550 per week.

Me and my husband earns around 150-155k per annum combined and he previously had a 375k loan for our current home that had no equity yet.

So what I can do next?

[j21Member@j21Join Date: 2012Post Count: 3]

July 2, 2012 - 10:17 am

TheFinanceShop wrote:

Hi Kate,

You can either cross securitise (i.e use the equity in other properties which you own) or you could possibly take out a personal loan to cover the deposit and stamp duty. The latter option is obviously dependent on a number of things but I would need more information.

Regards

Shahin Afarin – Property Finance Consultant
http://elitepropertyfinance.wordpress.com

I am in the same situation as Kate.

How do I go about taking a personal loan?

Cross securitise is not the option to go for me, as my current residential property do not have equity yet)