Search results

Actually it does matter and can affect servicing. Pending the amount bank can use a 'deeming rate' for investment income. Acceptable investments include - - shares listed on the ASX 300 - reputable managed funds - interest earning assets with reputable financial institutions - interest...

What are the 2013 financials like? I would be leaning on the new accountant to get new financials done up ASAP. Will make future borrowing a lot easier. Absolutely, but you would have to own the property or signed contact to purcahse the property. Can't borrow the funds based on planning to...

Shahin is referring to your servicing wall, based on your income and expense. Has nothing to do with your 'equity'. You need to be able to show that you can repay the debt.

New CBA policy allows 1 year return to be used for self employed for =/<80% LVR. This isn't a credit exception this is now policy. Note need to be trading for 2 years though (although I'm pretty sure credit would accept as an exception).

Jamie I don't think this is the case at all. Sounds like they're unable to show that they can afford the equity release as not being able to verify any income for the self employed applicant with financials for 11/12. Having the equity doesn't meant that you can access it, you have to be able to...