Trish B.
Bathurst, NSW
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I have a full time job and work casually most weekends so I can save to buy a home. So far I have saved $15,000... will home loan lenders consider the money I earn on weekends as well as my full time job?
Responses
Yes, but need more money than that so keep saving till you reach your goal. A home loan is different to a personal loan and don’t get a credit card , old saying can’t afford it don’t by it.
Being frugal is good but you have to live without going overboard. If your just going to have 1 house in your lifetime that should be ok. That’s my thoughts have a good life and future.
Hi Trish,
Yes, depending on the length of time that you have had the position. Some lenders will take 100% and some will reduce it to 80% or even 50%.
To purchase your home, as Steven said you will need an absolute minimum of 5% of the purchase price plus the costs of the purchase such as mortgage registration, Conveyancing and title fees
Best of luck with it
Regards
Scott