You need to spend some money to at least make it look like you're legit. I told my mum that I've been eating wheat bix and pasta for the last...
One trick you could do is pull out enough cash from the bank to offset the living expenses at least to the minimum amount for the following six...
So that's nominal rent + $1800 living expenses. I was recently assessed with high scrutiny on my expenses at $2050.
Do the banks calculate a lower figure if you're boarding as opposed to renting?
Thanks for the advice and I get the restrictive nature of the banks. I was to the understanding that I could choose another provider that would...
And I think I might have to get another broker. He seems basic at best. I've talked about my situation and all he tells me is I need to earn more....
I'm in that stupid situation where I've got enough equity but banks, at least CBA and ANZ say no. They're so restrictive.
How far in advance can I use future rent as income? Say I move into my house in August, due to rent February (6 Months). Could I get a loan in...
I have just found an article about this sort of thing and I understand the higher risk with IR. I guess best thing you could do in this...
Update: I can't edit the post. I think the issue will be that I would have to change the current PPOR to an investment loan with the bank as the...
Why? I was told the bank was only concerned whether they could sell the property or not.
Will I be able to improve my borrowing power by "Boarding" with mum and dad. How significant will the borrowing power be. I don't know how the...
Thanks for the replies, I've got a little bit more of an understanding on the issue now. I have a very tricky situation at the moment and moving...
That was direct from Your main residence
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