Hey guys,
Myself and my wife are meeting with a broker to discuss a home construction loan ... Our current house is worth 410k with remaining mortgage of 113k ... We are looking for 300k to build and decorate our new house which we will reside in ... We plan to rent our current property at the going area rate of 1200 p/m ... The value of the new house when complete is 550k ...
If we can get a long term int. only mortgage does this all sound straight forward ??
I would like to have all my figures and details laid out clearly in black and white for the broker ...
Is there a format or layout for this sort of thing ??
Thanks in advance
Myself and my wife are meeting with a broker to discuss a home construction loan ... Our current house is worth 410k with remaining mortgage of 113k ... We are looking for 300k to build and decorate our new house which we will reside in ... We plan to rent our current property at the going area rate of 1200 p/m ... The value of the new house when complete is 550k ...
If we can get a long term int. only mortgage does this all sound straight forward ??
I would like to have all my figures and details laid out clearly in black and white for the broker ...
Is there a format or layout for this sort of thing ??
Thanks in advance