pez2008 Posted March 17, 2009 Share Posted March 17, 2009 Me and wife will be looking to get a mortgage in Adelaide and was wondering if you could help us with the following. We will have about $150,000 as deposit and will need to borrow about $150,000(max) as a joint mortgage (me+wife) but i will be 43 and wife 54 so whats the longest term mortgage we could expect and what sort of repayments would we be looking at. Many thanks Pez+Sarn. __________________ 20.02.07--chose immigration agent 14.03.07--chasing 6 ex employers for TRA 04.09.07--TRA recieved paperwork 22.09.07--TRA PASSED 29.01.08--Sponsorship Granted 12.02.08 Visa Lodged 29.10.08 CO Assigned 03.12.08 Meds + Police cqs sent. 20.02.09 VISA GRANTED Link to comment Share on other sites More sharing options...
Guest Paul EDGE Posted March 17, 2009 Share Posted March 17, 2009 Hi Hve PM'D you Cheers Paul Link to comment Share on other sites More sharing options...
Guest thlo Posted March 24, 2009 Share Posted March 24, 2009 The term would vary between 20 to 30 years depending on lender. I have succesfully negotiated a generous 30 year term for a 54 year old applicant and a 25 year term for a 57 year old applicant. It all depends on your occupation and asset backing. The repayments would of course depend on the actual term and it may be misleading to quote them here without a proper qualification but there are calculators on our web site and you can safely assume the rate to be around 5%. Link to comment Share on other sites More sharing options...
Guest John Sydney Posted March 24, 2009 Share Posted March 24, 2009 With that sort of deposit all the banks will give you 25 / 30 year mortgage but be warned to understand the fine print on all the deals anybody offer. Some look good at first but after reading the fine print you run Link to comment Share on other sites More sharing options...
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