My current mortgage broker is telling me that he cannot find any lenders that will lend me money.
I am a casually employed but have been in the same industry for over 5 years and am on a very good wage. My gross rental income is higher than my job income so the banks see me as a professional investor. I am not keen to go through a private lender and would rather go through a bank or credit union as im looking to purchase and hold. I have recently refinanced to get my equity out and have now hit the borrowing wall with that lender.
Has anybody been in this situation also and found a lender that is understanding of our position.
thanks
I have done deals like this before. But it all depends on your income, assests and liabilities. Probably need a little more detail
Agree with Spiro.
Consistancy of employment is an important factor when it comes to casual employment and a good Asset base owning other properties will help you if the loan is Credit scored.
Would depend on the lvr required and a little more information.
Short form A & L Statement would be helpful.
Richard Taylor | Australia's leading private lender
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