[NickSifniotisMember@nicksifniotisJoin Date: 2004Post Count: 5]

November 11, 2010 - 11:53 pm

Hi,

Make sure you have no credit cards when you apply for the loan. Banks are interested in your credit limit, not whether there is any money outstanding or not.

I barely managed to get a $300,000 loan on the same income as yours because I had a $25k credit limit on a card.

[NickSifniotisMember@nicksifniotisJoin Date: 2004Post Count: 5]

November 11, 2010 - 12:59 am

45 minutes away from the airport in the middle of the night maybe .. not when there are other cars on the road tho

[NickSifniotisMember@nicksifniotisJoin Date: 2004Post Count: 5]

November 10, 2010 - 3:29 am

Oh dear oh dear.

-800

That's not a good position to be in. I want to learn how to turn that negative around.

Reading the posts above Steve talks about using debt to fund lifestyle .. that was me in a nutshell.

[NickSifniotisMember@nicksifniotisJoin Date: 2004Post Count: 5]

November 10, 2010 - 3:02 am

Thanks, I understand what your saying

It looks like I'm going to have to start with the fundamentals – I don't know who my target market is (whoever pays me the largest sum of money) or what they like. Would it be worthwhile speaking to a real estate agent? They would know who buys and who rents in my area.