Same old problem I guess. But I'm trying to finance a new purchase that is a great opportunity for me. My broker Is finding that I'm failing the banks' serviceability (by a fair bit - although I can afford it).
I would have thought that an equity lend or lo doc would be a simple option but apparently they are harder to get now or rate are in the order of 11%!
Any creative ideas on how I can finance a 80% lend on the new place an aviod the servicability issues?
Cheers
McBrain
I would have thought that an equity lend or lo doc would be a simple option but apparently they are harder to get now or rate are in the order of 11%!
Any creative ideas on how I can finance a 80% lend on the new place an aviod the servicability issues?
Cheers
McBrain