HI all , long time lurker I dont think we're in a position for finance but thought I'd ask here I was in sales for 7 years and wanted a life style change ,I have just started working under my ABN as a farm hand ( love it ) My wife has returned full time payg 8 weeks ago after maternity leave We own an IP at around 75%lvr and positively geared 80k deposit for a PPOR Income Currently less than 100k a year combined We dont want to enter the rental market but might not have a choice ( currently boarding with family ) Can you mix payg(wife) with abn (me) for a finance app ? Will we have to wait out the 2 years of abn income before we have a chance? Tia for any help
Hi Terry We'd be open to options as we're aware our capacity would be low if any , i guess see what whats possible and shop with that amount
Theres low doc and alternative options that allow your income to be used sooner - at a risk fee & higher rate of course. Pepper may be worth calling and working out what you can do re income verification. At present, using her income only, borrowing cap will likely be a challenge.
