

Hi Grace, i will try to make it simple for you; if the new loan amount is no more than 80% of the value of your house and your combined income can demonstrate affordability, you will qualify for a new home loan @ 3.79%PA or 3.88%PA for a 90% lend including lenders mortgage insurance. contact me direct for more information.

Hi Grace, thanks for your enquiry, income from employment and Centrelink benefits as well as living expenses and any other debts would need be considered, taking into account your two children (as dependants). A close understanding of your families situation, value of your home to understand borrowing capacity, as well as your goals long term all contribute to discovering your options. Happy to help! Regards Pola.


Hi Grace, thanks for the further info. All depends now on what your loan amount to be refinanced is - as compared to both your incomes. But refinance is not a problem - and also what your current rate is - as lenders are doing 'special' deals at present to get business. I have a few specials from lenders which will expire in 1 week. so contact me please and I can help you further. thank you.


Hi Grace No your Centrelink income can be and most likely will be considered by a lender. However, finance is a numbers game, the value of your property will establish if you can refinance your credit cards and get a new loan. Your combined income minus living expenses will establish how much you and your husband can borrow. If you in WA the house value could be lower than you expect, as house prices have declined in the last couple of years I would recommend you fill in the enquiry form and HaschChing will give your details to a broker close to you alternatively you can find myself under the broker finder All the Best


Hi Grace, Agree with the comments above. It will all depend on whether your husbands income is sufficient to service the debt. In order to ascertain this we would need to have quick chat and go through the numbers. Happy to discuss with you further - there are some very good options available at the moment for refinancing. Regards Melanie
Ok great...I forgot to mention we have 2 children aswell. I'm not sure how much our house would be valued at either. At the moment I receive $450 p/fn which will go up in July as I wouldn't have wasn't any taxable income and my husband receives around 56,000 p.a. When we do get to refinance we would also like to add atleast his 2 credit cards and a newish car to that loan (need a bigger car) but I'm guessing we would have to wait until I have an income coming in weekly!?

Grace, good morning. Your situation will not in itself stop you from refinancing, however as suggested by others the Lenders conduct a servicing test based on your overall income and expenses. They then tend to add some additional buffers to the calculation to ensure you could continue to afford the loan if interest rates rise etc.. You can contact me via my profile and I would be happy to run a few calculations to give you a better idea, I am based in Sydney region. Best Regards Ken Olds


Hi Grace as Peter and Kyle have mentioned it will depend on your husbands Income, the type of allowance from centrelink. From there we would need to consider your credit cards, other loans and expenses. It could be possible. Let me know if you would like to talk it through. Regards Bernie

LEZLI
Hi Grace, how are you going? Have you done anything yet? Let's start working together so that you can get a lower rate for your refinance. I have rates from 3.69% depending on your circumstances. Look forward to hearing from you soon. Kindest regards. Lezli