Hi Richard, thanks for the reply!!Yeah our position at the moment is very tight. Your right it is a lo doc deal and unfortunately we dont have the financials on paper to do anything else at the moment. Our combined income is around $90,000-100,000 net. we are new to the area so my husband is subcontracting to another builder on a monday to f…[Read more]

It is a ppor . We didnt really overcapitalised but we overspent by borrowing against the house to pay the mortgage and pay for living expenses while we built which we now know was a big mistake (clock it up to inexperience). The house did of course cost more to build than we initially expected but the house in itself is worth more than the…[Read more]