If you have a full time job and also have a casual weekend job (clear minimum $120pw) can the casual position be taken into consideration for a mortgage?
Doing the sums it would actually work out $10 a week better off for us to buy (refinance IP & not pay rent) obviously there are rates and body corporate fees additional.
Also just looking at a property that is advertised $280-$300k. What do you think the chances of a $272,500 offer would be?
The property is currently tenanted – can you negotiate for vacant possession – I would be willing to take a longer settlement to faciliate this.Depending on how much you are borrowing you can claim second job income. Casual – usually have to be there a while.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
thanks Terry (should have said $120 minimum after tax). Only been there since November 08 but have shifts in my diary for next six months (it is a reception centre). But have a history in the hospitality industry
With a good track record in the industry you should be ok. Lenders accept Casual status as the ways of the world these days and whilst they normally like to see a 6mnths plus track record being in the industry previously should hold you in good stead.
Richard Taylor | Australia's leading private lender
Hi this is nancy and i am new to here and i would tell you the people they could suffer in jobs because after graduation they have no jobs so that type of people we provided some valuable information here please visit we can get more opportunities and benefits.
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nancy143What was that?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
I am with you Terry still trying to figure out what Nancy was selling ?
Richard Taylor | Australia's leading private lender
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