Lenders Wanted

NSW, $110K, Owner occupied, Refinance, Full-doc, 30% LVR

Posted on 14/05/2014 8:51:04 PM

Have a couple both retired on pension with their daughter on the title currently mortgaged to ANZ Bank seeking refinance to exclude daughter from tilte and add thier only son, who is self employed, need to see which lender will consider.

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  • Stephen Rasmussen19/05/2014 4:54:20 PM

    Not an appealing deal on face value. Some initial question:
    - Does the son (or parents) have any other property assets?
    - How substantial (or not) is his financial position?
    - Is he married/defactor/single?
    - Any significant superannuation balances for any of them?
    - Is the pension their only income source?
    - Would he be in a position to buy out their interest in the property?
    - Would they consider a favourable sale/purchase scenario to him?

  • Mary McGowan19/05/2014 4:27:49 PM

    MKM may consider if loan is not unsuitable for elderly parents. Please contact us on 1300 417 664


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