Hi JeffYou have the bargaining power here, the ball is in your court, I would need additional information to offer a proposal or even a few, I am happy to chat further with you about this one, my email k****@hand****.au
Hi Jeff, the application will come down to a number of requirements including you and wife's ages, source of income and/or amount of superannuation and exit strategy. Please feel free to contact me directly to discuss further your requirements.
Hi Jeff,As you are of retirement age, you will need to demonstrate an exit strategy with the loan - especially because it will be an owner occupy property. The bank will want to see other assets available to pay the mortgage as part of the exit strategy. The 60k income is that a superannuation or your wifes salary? You will also need to consider the purchase costs (if this is not a first home) which includes stamp duties etc of around 5% of purchase price.I would need to see all information to give an accurate quote. Please feel free to call me on 04****64 or email me j****@hfin****.au to discuss.ThanksJeremy
Hi Jeff,Great question.Yes you and your wife could quite possibly be eligible for a loan but there are certainly quite a few variables to consider.My main question is would this place be for investment or for you to live in?Happy to have a chat over the phone to discuss this further.Regards,Chris (02****1988)
Hi Jeff, happy to look into this for you. Please call 04**** 689. Cheers, Nathan.
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kelvin
Age is not allowed to be a "deciding" factor in lending approvals, but lenders do need to understand what happens when you dont have the income from a regular job. They will take into account a pension as income and any superannuation either income or to pay down the loan.