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| Thread ID: 90452 | 2008-06-03 11:05:00 | Mortgage | Nomad (952) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 675330 | 2008-06-03 11:05:00 | Hiya, I was just playing around with the following: westpac.co.nz Has the lending market tightened up .. or how did pple get loans of big sums before. For me I would struggle to get a cottage. Is the online calculator accurate ... It seems like I need 2 income and like 6 digit per annum. Just interested that's all, not buying, still living with folks, and paying board and stuff, haha. |
Nomad (952) | ||
| 675331 | 2008-06-03 12:07:00 | Its reasonably accurate. They really do prefer that you talk to a loan manager. | beeswax34 (63) | ||
| 675332 | 2008-06-03 21:07:00 | Hiya, I was just playing around with the following: westpac.co.nz Has the lending market tightened up .. or how did pple get loans of big sums before. For me I would struggle to get a cottage. Is the online calculator accurate ... It seems like I need 2 income and like 6 digit per annum. Just interested that's all, not buying, still living with folks, and paying board and stuff, haha. Welcome to the world of grown ups! |
SolMiester (139) | ||
| 675333 | 2008-06-04 01:49:00 | My parents had a 25 year loan at 3%. Our best over the past 25 years of having loans has been 5.5% and the worst it got as high as 22.5% which we had for about a year. Twenty Two and a ½ percent is fairly bad. We have changed houses a few times and banks a few times over 25 years which has not helped. If you move house now some banks allow you to transfer the loans which overall makes it cheaper. Our two current loans exceed ½ a Million. |
Bantu (52) | ||
| 675334 | 2008-06-04 07:13:00 | From the online calculator. If I had no loans and earning 50k a year, I could only get under $200,000. In a major city what can you get .. apart from the student sized apartments. Like 25 metre squared or 30 odd.. To get a family house, one would need a single or combined income of least $100,000 per year. |
Nomad (952) | ||
| 675335 | 2008-06-04 08:20:00 | That sounds about right Nomad. You pretty much need a 2 income household to afford any sort of decent mortgage. | pine-o-cleen (2955) | ||
| 675336 | 2008-06-04 08:29:00 | To get a family house, one would need a single or combined income of least $100,000 per year. thats right, get a partner...with a job, work hard, save your money, Put down a deposit, spend the rest of your life paying for it, Then die. Have fun, and don't accidently have any kids....... |
Metla (12) | ||
| 675337 | 2008-06-04 11:32:00 | That sounds about right Nomad. You pretty much need a 2 income household to afford any sort of decent mortgage. It just shows that society prefers people to be in a couple (with kids too). It can be tough being single, and very difficult to buy a house, without a big deposit. A single person earning $100k will pay more in tax than a couple who are earning 50k each(totaling 100k), yet couples outgoing living costs will be less per person, than a single person living on their own. You also benefit from things such as working for families, if you are a couple and have kids. |
robbyp (2751) | ||
| 675338 | 2008-06-04 23:18:00 | Simple solution : marry someone who is wealthy! | andrew93 (249) | ||
| 675339 | 2008-06-05 01:27:00 | Simple solution : marry someone who is wealthy! And preferably 20-30 years your senior. :D |
johcar (6283) | ||
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