hi i'm new in this forum hope you can help me.
so, i'm looking to get mortgage for max 200,000. i have deposit 20,000 plus 3000 for all bills i need to pay. my pay is 35,000 (30,000 without overtime), my wife's is 18,000 is it enough to get mortgage?
My wife is pregnant and baby is due on around 10/2013. so i think the best would be to get a mortgage before baby born, because wife's pay will go down. The problem i have is default notice on my credit history which is settled and ends on 31/06/20013 (other credit history is very good). after default goes i have not a lot time to find a house and get the mortgage but still will try.
when can i start looking for house? should i look before default goes? if i make an offer when bank makes full credit check? maybe i can try get it whit default so could look for house now? and should i say at bank or to advisor that my wife is pregnant?
thanks
so, i'm looking to get mortgage for max 200,000. i have deposit 20,000 plus 3000 for all bills i need to pay. my pay is 35,000 (30,000 without overtime), my wife's is 18,000 is it enough to get mortgage?
My wife is pregnant and baby is due on around 10/2013. so i think the best would be to get a mortgage before baby born, because wife's pay will go down. The problem i have is default notice on my credit history which is settled and ends on 31/06/20013 (other credit history is very good). after default goes i have not a lot time to find a house and get the mortgage but still will try.
when can i start looking for house? should i look before default goes? if i make an offer when bank makes full credit check? maybe i can try get it whit default so could look for house now? and should i say at bank or to advisor that my wife is pregnant?
thanks