Hi all,
This may be a good one for you Rolf?
Situation is....
We are with a good lendor who we would like to stay...however, my wife has only been employed in her new role for 2 months.
we have found a great property that we'd luv to purchase and a pre approval with our current lendor was given the green light until the 2 months employment was discovered.....
Being persistant, I would still like to search all avenues...
If we keep our existing loan for property number one with the current lendor then re draw off that plus add the deposit we already have saved, I think we may be able to finance a loan in a stand alone situation with a 95% LVR considering the lendor accepts that my wife has only two months experiance in her new role....
The idea that I was contemplating was to convert loan number two to a flexible (obviously higher rate) then once we qualify with our current lendors six month condition...swap over...
still got to way up the full costs....
Any ideas ???
I think this may be a job for a broker, but how would they feel once they find out we only want the loan for 4 months?
It's a great property....however time is of the essence.
This may be a good one for you Rolf?
Situation is....
We are with a good lendor who we would like to stay...however, my wife has only been employed in her new role for 2 months.
we have found a great property that we'd luv to purchase and a pre approval with our current lendor was given the green light until the 2 months employment was discovered.....
Being persistant, I would still like to search all avenues...
If we keep our existing loan for property number one with the current lendor then re draw off that plus add the deposit we already have saved, I think we may be able to finance a loan in a stand alone situation with a 95% LVR considering the lendor accepts that my wife has only two months experiance in her new role....
The idea that I was contemplating was to convert loan number two to a flexible (obviously higher rate) then once we qualify with our current lendors six month condition...swap over...
still got to way up the full costs....
Any ideas ???
I think this may be a job for a broker, but how would they feel once they find out we only want the loan for 4 months?
It's a great property....however time is of the essence.
