Going to loose deposit

Discussion in 'Loans & Mortgage Brokers' started by Greyghost, 28th Jun, 2016.

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  1. Joynz

    Joynz Well-Known Member

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    That makes the behaviour even odder - I would have expected full research to be a given with that background.
     
    Joynz, 28th Jun, 2016
    #21
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  2. Scott No Mates

    Scott No Mates Well-Known Member

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    Take a novated lease on the car, that may help serviceablity. still be pushing it though.

    Seek out peer to peer lender

    Find a guarantor (may be a big ask)
     
    Scott No Mates, 28th Jun, 2016
    #22
  3. norwoodman

    norwoodman Well-Known Member

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    Being an engineer myself, I can tell you it means little about the financial literacy and understanding of such individuals.
     
    norwoodman, 28th Jun, 2016
    #23
  4. Joynz

    Joynz Well-Known Member

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    I wasn't assuming financial literacy, just a methodical approach to research and lending protocol.
     
    Joynz, 28th Jun, 2016
    #24
  5. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Even if he could come up with the deposit the loan approval may no longer work if he is taking on additional borrowings - it may no longer service.
     
    Terry_w, 28th Jun, 2016
    #25
  6. mrdobalina

    mrdobalina Well-Known Member

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    there's more to life than working
    Plenty of 'equity'!
     
    mrdobalina, 28th Jun, 2016
    #26
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  7. Bayview

    Bayview Well-Known Member

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    Vendor finance for the remaining $30k with an attractive interest rate for the Vendor, to be repaid after say; 2 years with a refinance on the exisiting Bank loans?

    Come on, GG - can't you stump up the $30k for him at 10% interest? ;):D
     
    Bayview, 29th Jun, 2016
    #27
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  8. Greyghost

    Greyghost Well-Known Member

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    I wouldn't be enough of a menacing debt collector if things didn't work out haha
     
    Greyghost, 29th Jun, 2016
    #28
    Bayview likes this.
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