All Topics / Help Needed! / l need to finance my place

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  • Profile photo of maximummaximum
    Member
    @maximum
    Join Date: 2006
    Post Count: 23
    October 21, 2006 - 10:19 am

    Hi people.
    l’m in a jam and l am hoping someone might be able to find a way in financing my place .
    l bought it 18 mths ago on a deposit and licence agreement while settling . The banks would not come to the party on account of rural zoning and me being self employed .
    l’ve put $10% down and have payed off a further $5k while waiting for settle. l need $168 .
    At this stage if l could work it out with someone even if it costs me a bit more it is better than nothing as it’s my family home .
    Please PM me if you’d like to talk it through .
    Max

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,436
    October 22, 2006 - 5:05 am

    It may be difficult to do, how much do you think it is worth now?

    Terryw
    Discover Home Loans
    Parramatta
    [email protected]
    Sign up to my mailing list.
    Just send me a blank email, with “subscribe” in subject line.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of maximummaximum
    Member
    @maximum
    Join Date: 2006
    Post Count: 23
    October 22, 2006 - 10:17 pm

    Thanks Terry
    Difficult alright , l’ve tried for 3 mths , l only have 2 weeks left .
    l think it’s worth atleast 250 but that doesn’t seem to impress the last broker that had it or the banks at all.
    l would consider a wrap at this point if there was one around a little cheaper . l just have trouble liking the idea of paying an extra 40 or 50 on top of a price l bagained so hard for.

    Max

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,436
    October 25, 2006 - 8:24 am

    Hi Max,

    Sorry for the late reply, I am in Thailand.
    Thats a LVR of around 67% needed. It may be possible to do, but time is running out. I won’t be back till next week. Maybe you could try Paramount Mortgages http://www.paramountmortgages.com.au

    Terryw
    Discover Home Loans
    Parramatta
    [email protected]
    Sign up to my mailing list.
    Just send me a blank email, with “subscribe” in subject line.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of JohnSmithJohnSmith
    Member
    @johnsmith
    Join Date: 2006
    Post Count: 93
    October 27, 2006 - 12:33 am

    Is this rural residential? If so I can get you a 90% LVR is you want.

    I will PM you.

    Regards
    John

    Inspired Finance
    (02) 9944 7776

    [email protected]
    http://www.inspiredfinance.com.au

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