2007-03-09 13:11:26 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Why should it matter if you are self employed? As long as you are on the books then you can show your income. That shouldn't affect getting a loan, unless you have claimed a substantial amount less yearly, in which you will only be offered a loan for that claimed income. 2500 a month is a decent amount of money. You can probably afford a house in the 400,000 range as long as the taxes aren't too high. You'll have to do some shopping around. We got free estimates over the internet and then talked to our real estate agent about what their loans would come to and the bank. We ended up going with Foxtons. They offered us the most at the time, which is now almost five years ago. The tricky thing with the monthly payments is that they always end up being much higher. Once you add in taxes and interest the total can be way more. Stay away from Arms unless you plan on selling in the next three years. With the way the market is who knows what kind of rate you'll be offered in three years. You are at an advantage right now. You can buy without selling. Sellers are looking for you. You might be able to make some low ball offers and get a good deal on your house.
2007-03-09 13:42:50 · answer #1 · answered by jc2006 4 · 0⤊ 0⤋
If you are self employed and have an ABN, your all set..You need about a $40,000 deposit.. The banks/fiancees will not ask any questions, they will give you finance..
2007-03-09 23:22:46 · answer #2 · answered by Nishka 3 · 0⤊ 0⤋
search in local classifieds ads
2007-03-09 21:14:40 · answer #3 · answered by sudi p 2 · 0⤊ 0⤋