Menu

About us

HashChing is Australia’s first online marketplace allowing consumers to access great home loan deals without having to shop around. Completely FREE to consumers, HashChing connects you directly to verified mortgage brokers who can further negotiate a better rate from the lenders and save you time, hassle and money.

Contact us
person img
broker img

Xavier

2 years ago

Hi Bill, I agree with some of the comments already posted - A simultaneous settlement is one option and likely the cheapest. However depending on whether you are back in the swing of things and what your circumstances & figures show there are other options. Happy to talk

Report this reply as inappropriate:
Reason is required Message is required   or  Cancel
verified icon broker img

Morris

2 years ago

Hi Bill, i am from Perth and happy to have a chat, there may be a way, i just need more info. i will be taking calls tomorrow.

Report this reply as inappropriate:
Reason is required Message is required   or  Cancel
verified icon broker img

Morris

2 years ago

Hi Bill, i am from Perth and happy to have a chat, there may be a way, i just need more info. i will be taking calls tomorrow.

Report this reply as inappropriate:
Reason is required Message is required   or  Cancel
broker img

Gary

2 years ago

Hi Bill. There may also be an option to substitute Term Deposit Security for the short term if you cannot do a "simultaneous settlement". Speak to your current Bank to see if this is the case. If not, there may be some options for you if you can show that your current income is sufficient for servicing. There are still quite a few "lite doc" loans out there that will use your current income and disregard your sabbatical. Unfortunately, I am in Brisbane Qld, but you should be able to find a Broker in W.A. that will be able to help. If not, contact me and I will find one for you. Kind Regards Gary

Report this reply as inappropriate:
Reason is required Message is required   or  Cancel
broker img

Guido

2 years ago

Hi Bill There is nothing more to add, than to confirm Daxa and Peter's comments

Report this reply as inappropriate:
Reason is required Message is required   or  Cancel
broker img

Peter

2 years ago

Hi Bill Yes I agree with Daxa, simo settlement, aslong as you can locate the new property and sell at the same time, not a problem.

Report this reply as inappropriate:
Reason is required Message is required   or  Cancel
broker img

Daxa

2 years ago

Hello Bill Hope you are well. The best thing to do is go back to your existing bank and ask to do a substitution is security. You will have to have simultaneous settlement when selling the house and buying the unit. There is no need for income assessment. The bank would look at the securities only. Give us a call if you need to know more....

Report this reply as inappropriate:
Reason is required Message is required   or  Cancel

New home loans from 2.89%

Find out more

Loan Calculator