• The place to find the right expertise and make better decisions
  • Find the right expertise
Trish B.
Trish B.
Bathurst, NSW
2 Likes
0 Followers

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?

6 years ago

Responses

6 years ago

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

Your Answer

If you wish to include a video or audio response, you can do this by including links to Youtube, Vimeo or SoundCloud (https://www.youtube.com/watch?v=xxxxxxxxxx OR https://vimeo.com/xxxxxxxxx)

<% error.message %>