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  1. albanga

    Home Loan Help Please!!!

    I had mentioned this already Bobby. I personally believe a 600k lend on a 50k PA salary is extremely risky. What about if the property becomes vacant? How long can you afford to cover the payments without rental income and keep in mind you will have no savings as you would have used it all on...
  2. albanga

    Home Loan Help Please!!!

    Regarding OTP I am very anti it. - Prices are inflated by developers - if valuation on completion doesn't come in then you need to foot the difference. - no value add potential - if you want to sell on completion then your like doing it along with many others meaning a reduced price - paying a...
  3. albanga

    Home Loan Help Please!!!

    Hi Dennis, One of the experienced brokers will be along to help you shortly but bankruptcy aside on your current salary that would leave you in a non ideal cashflow position. You would require a 440k loan (more if your 600k does not include closing costs). This could be reduced with the gold...
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