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Lori

1 year ago

Hi Tim, By way of Introduction, my name is Lori Ristevski from the Loan Market Group. I will be more than happy to assist you with your scenario. Your PT income will be treated as Self Employed and you will need to have a registered ABN to use the income to meet the bank's criteria. Please let me know if you are keen to discuss further.

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Steven

1 year ago

Hi Tim, happy to assist you with your new journey of owning a home. Please answers a few questions before we start. 1. Are you married? 2. Do you have any dependent children? 3. Is this the first job? If not, did you work in the same line of work. 4. Is there proof of income for your personal training job (ie. pay slips or deposit in bank statement). 5. What percentage of deposit are contributing toward the purchase? 6. Have you consider other cost in purchasing property ( ie. legal cost and moving costs). 7. How much is your monthly general living expenses. 8. Do you have other personal debts, such as credit card, car loan, personal loan or student loan? 9. What is the objective of purchasing this property. (Ie. to start early in owning a home, build personal property portfolio and/or taking advantage of the government stamp duty concession for the first home owner. Your answers to the above will assist with providing a more accurate answers to your questions. I have provided a general response to your questions below: 1. Maximum borrowing capacity. Base on one of the major lender calculation, you can borrow up to $418,000 if we can include all of your gross income, you are single with $1,500 per month living expenses, no dependent, no other debt and the loan is calculated over 30 years. However, if there is any change in your circumstances, then your maximum borrowing capacity will reduce. 2.in****erest rate. The interest rate on the market is at historical low, rsnging from 3.59% to 5.5% for standard home loan. Once again the type of loan of whether it is fixed or variable, Interest only or principal and interest repayment will also determine your interest rate. I hope I have not overwhelmed you with a comprehensive answers. Our job as a qualified financial specialist is to assist you in finding the loan that will suit your budget and need without putting you under stress. Steven Widiarto

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LEZLI

1 year ago

Hi Tim, if you have clean credit I can get you 3.69% fixed 2 years. Please contact me via my Profile page. Look forward to hearing from you. Lezli

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