kellyjay Posted October 15, 2009 Share Posted October 15, 2009 hi all can anyone tell me how long you need to be in oz before you can apply for a mortgage. my hubbie is unsure if he will work for himself or for someone else. will this make a difference thanks kelly Link to comment Share on other sites More sharing options...
Guest wanderer Posted October 15, 2009 Share Posted October 15, 2009 hi all can anyone tell me how long you need to be in oz before you can apply for a mortgage. my hubbie is unsure if he will work for himself or for someone else. will this make a difference thanks kelly Banks go through cycles Kelly of splashing money around and then when things get financially tight they can have greater requirements borrowers have to meet and it can come down to credit rating, and also their assessment of a borrowers capacity to repay, and so in that instance they like to see an income history. That could work against you on first arrival and particularly if self employed as it is usually more difficult for self employed people to get significant loans. There are however some non banl lenders that you may be able to get finance through but it could be at a higher interest rate when self employed. The bigger % deposit you have will also help. Link to comment Share on other sites More sharing options...
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