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Amy

1 year ago

Hi Rose, Looks like you might be able to afford it. But there are a few more factors worth considering as well. Including using the FHOG as part of a deposit, any kids at home and if you have any other personal loans or credit cards. I hope that helps.

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Alex

1 year ago

Hi Rose, yes it's certainly possible. Having a guarantor will make it a whole lot easier, but we may be able to come up with a solution if you don't have a guarantor. Check out my profile if you'd like to discuss further. Thanks, Alex

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Steve

1 year ago

Hi Rose, Yes you can but I would need your full situation before providing borrowing capacity. Also, you will need a guarantor as lenders require a minimum 5% genuine savings as part of their criteria. Happy to discuss this with you in detail & assist you to move forward - Regards Steve

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Chris

1 year ago

Hi Rose, Servicing will depend also on the rest of your situation (eg. debts and living arrangements). Your income and these commitments determine your capacity. This is just the first part of the puzzle and the other part is the equity/deposit available. The FHOG can be used to form part of this and the size/amount of the property purchase will depend if you need to contribute more or there may be a possibility of a guarantor if your lucky enough? Happy to talk further as the best way to answer your questions is a full assessment that will give you a great guide of your options? Cheers Chris

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Vince

1 year ago

Certainly can, so long as OT is evident over those years a lender can accept it.

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