Hi guys Myself and partner are looking at a home and land package in a Napier subdivision using GJ Gardner homes costing $390,000 complete.
My situation makes it tough for the bank to loan...I have bad health and am on the supported living allowance and only work every now and then when I can.
My partners income is 55k gross, mine is mostly the supported living + some work = 21k a year.
We have a deposit of 40k. We are young ,No kids, cheap insurance due to partners work and a work vehicle. No debts
Would the bank loan knowing my poor health and on supported living or are we just kidding ourselves with a 350k loan?
Would it help having parents as guarantor? Any advise?
Thanks
My situation makes it tough for the bank to loan...I have bad health and am on the supported living allowance and only work every now and then when I can.
My partners income is 55k gross, mine is mostly the supported living + some work = 21k a year.
We have a deposit of 40k. We are young ,No kids, cheap insurance due to partners work and a work vehicle. No debts
Would the bank loan knowing my poor health and on supported living or are we just kidding ourselves with a 350k loan?
Would it help having parents as guarantor? Any advise?
Thanks
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