Oh cool thanks hun. We are buying in Caboolture too
So if I was approved to borrow $250,000, and if I brought $25,000 deposit to the table to add to my prospective buying price, I could afford to put an offer in on a house for $275,000.
Of course, if I wanted to be technical I'd be bringing $50,000 to the table to factor in LMI But then I'd be bringing a lot more to cover fee's stamp duty and all that other sticky stuff.....
If it helps, you can find heaps of calculators that cover stamp duty , mortgage set up fees, conveyancing fees etc (basically all house buying cost fees). I think I used the NAB one today.
Last edited by Maruschke; January 23rd, 2011 at 08:13 PM.
: removing details :)
2013 BellyBelly RAK Recipient.
But then I'd be bringing a lot more to cover fee's stamp duty and all that other sticky stuff.....
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