Lori

1 year ago

Hi Tony, Most lenders now revert owner-occupied Interest Only loans to Principle and Interest. Finding a solution for you will all depend on the following: *The current loan balance * The value of the property * Your age *Your pension income, can it service the loan You might have the same issue again if you have an Interest Only Loan with another lender. I will be more than happy to have a chat with you. Thanks, Lori

You've successfully reported this reply to HashChing and Lori.

Ryan

1 year ago

Hi Tony, I'm sorry to hear that you have been put in this position. If you would like to get in contact, we can cast the net wide with over 32 lenders available to see if we can find a lender that accepts your income. Hope to hear from you soon. Kind regards, Ryan

You've successfully reported this reply to HashChing and Ryan.

Murray

1 year ago

hello Tony, we have a lender who may consider your pension as an exemption, depending upon the documents you can provide. I'd be pleased to assist you should you wish to discuss the matter further, regards, Murray

You've successfully reported this reply to HashChing and Murray.

Greg

1 year ago

Hi Tony I'm sorry to hear you are put in this position however there are solutions. You need to find a good broker to guide you through the process. I'm here to help in any way I can. Warm Regards Greg

You've successfully reported this reply to HashChing and Greg.