Looking at purchasing a property as primary place of residence in Brisbane:
Numbers:
Purchase price: 782k
Stamp & Fees: 25k
Tot: 807k
Deposit: 181k
Loan needed: 626k
LVR =0.8
The only problem is my base salary is only 81.5k/annum. I'm not to concerned about servicing the loan however as I have flatmates who are keen to move in paying a total 22k/annum.
Which lenders crunch the numbers at the lowest buffer rate? And will in turn lend me the most money? It seems they are all doing it around 6.8%-7%
I'm not keen in buying it as an investment property though.
Thanks in advance guys.
Numbers:
Purchase price: 782k
Stamp & Fees: 25k
Tot: 807k
Deposit: 181k
Loan needed: 626k
LVR =0.8
The only problem is my base salary is only 81.5k/annum. I'm not to concerned about servicing the loan however as I have flatmates who are keen to move in paying a total 22k/annum.
Which lenders crunch the numbers at the lowest buffer rate? And will in turn lend me the most money? It seems they are all doing it around 6.8%-7%
I'm not keen in buying it as an investment property though.
Thanks in advance guys.