Hi guys,
Need to refinance a loan. I tried with the NAB and got knocked back “mainly” because of my casual employment and two paid defaults.
Last Financial Year I earnt $80,000 and have a rental income of $20,000. I’d like to borrow $300,000 on $700,000 worth of property.
Any suggestions?
Peter
Casual employment is a non issue for most lenders these days – the paid defaults would be more of a show stopper.
How much are the defaults for?
Go through a broker who can look at your specific scenario and test the waters before putting your deal through, to avoid any unnecessary extra credit file hits – every credit hit only reduces your credit score.
LVR is decent, so long as the other info matches up I can’t see this being a difficult deal to get over the line.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
Hey mate
Well worth having a chat to @cjaysa , he knows how to get these sorta deals over the line every time
D.T. | DT Property Management
http://www.dtproperty.com.au
Email Me | Phone MeAdelaide Property Management - whole Adelaide metro
Yep hit up Corey above
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Peter depending on the size of the defaults this should be a fairly straight forward deal.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
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