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YOud be better off speaking to a mortgage broker they will go above and beyond to try and get you a loan
how does he get centrelink with that much in the bank?
Not sure if that much per fortnight will be enough to get you over the line, even if it's only 100k they will still take everything else into account which unfortunately doesn't leave much on 1200 a fortnight.
They have strickened the rules up A LOT recently. They do like to see 2 earners due to less risk. But the fact you have a large deposit will go a long way in your favour. Could you work a bit more and leave your husband to 'mum'?
Thanks everyone 😁 will look for a broker. Congrats to everyone that got home loans, and the others wlout there working towards it 😆
Go see a mortgage broker not a bank. And ask for recommendations first because not all mortgage brokers are the same.
I got $175,000 loan on single person wage of $40,000
We were able to get a mortgage of $300k on my partners income of $40k, with just a 5% deposit.
A good mortgage broker will be able to find the best deal for your circumstances :)
You can always increase your hours for a few months to get the loan then cut back your hours. Just make sure you can cover all your costs and allow for interest rate rises.
Banks dont take anything into special consideration. They put all your financial info into a computer and it decides how much the bank will lend you.
Seeing a mortgage broker is good advice
My ex and his partner are both on the disability pensions. They just got approved for a loan. They used the first homes owners grant as deposit, and purchased a $170k house.
As others have said, find a good mortgage broker, they will be able to tell you what you can do and who will give the best deal. They also take a lot of stress out of the process and hold your had the whole time.