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Author Topic: is it possible to buy an apartment in my situation?  (Read 287 times)
drummer_chick
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« on: December 07, 2008, 10:03:33 AM »

HI, I have been saving up to buy my first home for about 4 years now, and i have found one that I love but I only have a quarter of what it costs to buy, but I no longer have a job so i am asking,
Is there a home loan that i can get to buy this place, but then lease it to pay it off until I get stable employment then I can move out of my parents place and live there? im in sydney, australia by the way.
shouldn't a lease be considered income?

I am in love with this apartment. it costs $409,000 and I only have just under $100,000


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November
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« Reply #1 on: December 07, 2008, 05:25:22 PM »

You know what, I would just go to your bank/financial institution and sit down with someone and explain your situation. They'd be able to map out a plan of action for you and give you lots of options. Just call your bank and ask if you need to make an appointment to come in and talk with someone about this. It will sort out all the odds and ends and give you a clear idea of what you need to do.
Good luck, sounds like you are well on your way to owning your own home.


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