Prior to the sale of my PPOR I met with my broker to discuss holding my borrowing capacity open for a short period of time until I purchased another property. I have now found out that I will need to declare my income again with the substitution of security with no additional borrowings associated with the new purchase. I have held the loan with CBA for several years and have paid down 2 thirds of the loan over the last 2 years.
I resigned from my employment a month ago to ready my house for sale, sell it myself etc, look for investment ops and have an OS trip to see my sister. Now I find myself possibly without the ability to retain the current loan.
A bit of a pickle and it will certainly change my game plan!
I resigned from my employment a month ago to ready my house for sale, sell it myself etc, look for investment ops and have an OS trip to see my sister. Now I find myself possibly without the ability to retain the current loan.
A bit of a pickle and it will certainly change my game plan!