Hi all..
am new to this..was looking at renting but really would like to buy. Single lady – one income but a good one. Have no deposit..only bills from cancer recovered from last year..have heard about vendor finance..found a prospective vendor willing to look at it if I do the homework. But need to move fast for info at least.
Anyone know anyone Gold Coast for more info, or who may want to assist, what it costs, how I go about it all etc?All help appreciated. Is time now for moving on in life!
Thanks
Sandy[biggrin][biggrin]
SandyVG
If you have a good income, you may be able to receive your own home loan for the purchase, and use the vendors finance for the deposit + costs. Or if the vendor is willing to play ball, he/she may do a gift back, saving you what ever amount he gifts to you.
If niether of these are options there are 100% purchase home loans, also private funds available for deposit lending.
If you would like to know more email;
Sandy,
Are you 100% sure you cannot get it on your own?
Please post some detail, conntact a good broker or email me.
I would hate to see you enter into a vendor finance agreement if you don’t need to.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Sandy, you said:
“found a prospective vendor willing to look at it if I do the homework. But need to move fast for info at least.”
Who said you have to move fast? I would say take it easy and find out what you’re getting into. If you rush, you’ll probably end up as a case study on Today Tonight…
kay henry
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