loans and work
- Thread starter neeko
- Start date
I take it you're casually employed or on a contract? This isn't a problem but you'll either need a deposit of 20% + purchase costs (so the loan LVR is 80% or better), or you'll need to be in your existing job for 12 months or longer. Even if you don't meet these criteria, there are exceptions.
More info please re background, time in current job, employment type (i.e. casual, permanent, etc).
Correct pete
Ok will be dependent on a number of things (main one being LVR). Servicing permitting CBA is excellent when it comes to casual income.
Whats the LVR and when did you start the current job?
Whats the LVR and when did you start the current job?
Changing jobs under these circumstances isn't the end of the world. Ideally you'd want to be financing at 80%, large deposits can solve a lot of problems.
If you need to borrow more than 80% then there is hope given you've got a longer history in similar roles, but it's probably going to be tricky.
If you need to borrow more than 80% then there is hope given you've got a longer history in similar roles, but it's probably going to be tricky.
I'm not really across personal loans myself, but my general experience is that the assessment criteria for personal loans aren't really different from home loans.
