Hi Mummas,
A month or so ago there was a post regarding buying your first home without a deposit. Although using a guarantor and being able to prove that you pay rent per week. Is this correct or am I just wishful thinking (also wishful thinking in finding someone to be our guarantor :p) ... If you were involved in this post or have been through this process can you please advise me of the bank you went through?
A little back ground about me.... I am 24 years old and have a beautiful 2 year old son, I run my own family day care in which I work full time. My partner studies full time and works around 30hrs per week. The only loans we have had has been a car loan of around $17,000 which we finish paying of this July (paid in 3 years). Other then that we only have my partners hecs debt for university, which we will not start paying until he has finished his course. We currently pay $775 rent per week and have a good renting history.
I'm sure many of you can agree it feels as though you will never be able to get your foot through the door in the property market. Looking for any advice or guidance... THANK YOU. XX
3 Replies
?? $775.00 in rent every week?
Yes! Sydney prices are crazy!
This isn't the best place for advice on home loans. Brokers won't bite. There's no such thing as a stupid question. They have heard it all. They are your best bet in this situation.