Hi Everyone,
I am currently looking to buy another investment property but keep running into serviceability problems when applying for a loan.
At the moment, I have more than enough equity to use as a deposit and my total income after tax and interest repayments is around $1000 per week. I think this is more than enough to service another loan (my wife and I are also quite tight) but for some reason most lenders don't think so.
Are there any lenders out there whose serviceability requirements are more lenient? Would a MB be able to present my details to a potential lender in a way that makes it more appealing?
Your responses would be appreciated.
I am currently looking to buy another investment property but keep running into serviceability problems when applying for a loan.
At the moment, I have more than enough equity to use as a deposit and my total income after tax and interest repayments is around $1000 per week. I think this is more than enough to service another loan (my wife and I are also quite tight) but for some reason most lenders don't think so.
Are there any lenders out there whose serviceability requirements are more lenient? Would a MB be able to present my details to a potential lender in a way that makes it more appealing?
Your responses would be appreciated.